CRU appoints Angela Durrant as principal base metals analyst, Australia
Durrant will be leading the Nickel Asset Service.
Durrant will be leading the Nickel Asset Service.
Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
The company reported a net loss of C$1.45 bln or C$2.09 per share.
China’s overseas investment in metals and mining as part of its Belt and Road Initiative surged by 158% last year, hitting $19.4 billion with energy transition metals the main focus.
The miner has lost more than half its market value since public protests against the Cobre Panama project started in October.
KoBold aims to earn a 75% interest in the Dumbwa portion of Solwezi, after forming a JV with the Canadian miner.
The Philippines and Indonesia are the world’s biggest suppliers of nickel.
A 60% slump in cobalt prices over the last two years has exposed the fragility in Washington’s efforts to bolster supplies of critical minerals.
The world's largest miner has also visited lithium mines in Australia and is in preliminary talks about operating them.