Equinox Gold raises $128 million from note offering
Shares of Equinox Gold closed Thursday's session 1.3% higher at C$6.00 apiece.
Shares of Equinox Gold closed Thursday's session 1.3% higher at C$6.00 apiece.
It will ship 22,500 tonnes of battery-grade lithium as part of a collaboration to build a sustainable supply chain for electric vehicles.
It makes sense from an economic and geopolitical perspective to power China's vehicle fleet using domestic electricity rather than imported crude oil.
According to investigations, the ore extracted from the territory and Venezuela was sold abroad.
Last year, the Cusi mine produced roughly 1.5 million silver-equivalent ounces.
An Oxfam report shows that many battery metal miners do not have the necessary policies to respect the rights of the communities impacted by their activities, especially Indigenous communities.
Once fully ramped up, Reko Diq and Lumwana are expected to become two of the world’s top 20 copper mines by annual production.
A recent study shows that if all of Brazil’s active legal mining sites continue to operate in the coming decades, emissions will total an estimated 2.55 gigatonnes of carbon dioxide equivalent due to loss of vegetation and soil.
When the EU closes its EV market to China, it would open up a direct route and likely premium pricing for lithium, nickel, cobalt miners now supplying China.
Brazil's Mines and Energy Minister wants commodity giants Petrobras and Vale to spearhead the energy transition domestically.