Mining loans seen passing $1 billion at biggest Congo bank Rawbank forecast its lending to DRC’s mining industry will jump more than 20% to over $1 billion this year. Bloomberg News | February 10, 2023 | 8:44 am
Vale Indonesia breaks ground on $2.5 billion ferronickel smelter The Bahodopi project will produce ferronickel with 73,000-80,000 tonnes of nickel content per year, Vale said. Reuters | February 10, 2023 | 7:41 am
World’s largest zinc smelter sees opportunity in US energy bill Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources. Bloomberg News | February 9, 2023 | 7:29 pm
Canada to not permit sea floor mining without ‘rigorous’ regulations Any decision on whether to allow seabed mining needed to be "informed by science" and protect ecosystems while also weighing economic and social effects, according to the joint statement. Reuters | February 9, 2023 | 12:02 pm
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
DeepRock Minerals options mineral claims near Sigma Lithium in Brazil The property covers part of the Salinas formation, where Brazil's only lithium producer CBL has been mining spodumene for almost 30 years. Staff Writer | February 9, 2023 | 9:56 am
Trafigura faces $577 million loss on alleged nickel fraud The company found that some cargoes it had bought didn't contain the nickel they were supposed to, and spent two months uncovering the scheme. Cecilia Jamasmie | February 9, 2023 | 8:03 am
Untreated seawater can produce green hydrogen – study Researchers have split seawater without pre-treatment to produce green hydrogen. Staff Writer | February 9, 2023 | 7:22 am
Cobalt’s battery-powered boom has turned to bust While automotive usage is still rising, there’s been a sharp drop-off in buying from Chinese electronics. Bloomberg News | February 9, 2023 | 4:53 am