K92 extends Trafigura partnership with $100 million loan, longer offtake The company expects first drawdown to occur in early to mid-Q4 2023. Staff Writer | September 26, 2023 | 9:27 am
Glencore bought at least 5,000t of Russian copper via Turkey – report The Financial Times reported the metal was sold by UAE-based entity Haldivor Energy and exported through Turkey to Italy’s Livorno port. Staff Writer | September 26, 2023 | 8:41 am
China scoops up cheap Indian iron ore in bid to trim steel costs Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits. Bloomberg News | September 26, 2023 | 8:17 am
Congo plans new copper-cobalt smelter to serve informal miners The project will be developed by privately held Congolese firm Buenassa Sarl and is expected to cost $350 million. Bloomberg News | September 26, 2023 | 7:54 am
Brazil’s Mura people back Amazon potash mine Based on consultations, several hundred Mura people voted in support of the project being constructed and operated by Brazil Potash’s local unit Potássio do Brasil. Staff Writer | September 26, 2023 | 7:53 am
Philippines’ lower house passes bill overhauling mining tax system Under the bill, large-scale metallic mining operations within mineral reservations shall be subject to a royalty rate of 4% of the gross output. Reuters | September 26, 2023 | 7:45 am
Australia billionaire weighs in on Albemarle’s takeover target Liontown Gina Rinehart's Hancock became a substantial shareholder earlier in September and now owns 10.7% Reuters | September 26, 2023 | 7:42 am
CarbonScape gets $18 million cash injection to deliver biographite to Europe, US New Zealand-based CarbonScape produces biographite, a carbon-negative alternative to the critical material for lithium-ion batteries. Staff Writer | September 26, 2023 | 6:25 am
Cornish Lithium raises $6.2m to support UK project Funds were secured through a crowdfunding campaign, the largest of its kind any company has undertaken in the UK this year. Cecilia Jamasmie | September 26, 2023 | 5:36 am