Four industry pioneers named to Canadian Mining Hall of Fame
These legends helped shape the industry in Canada.
These legends helped shape the industry in Canada.
The deal ups Zijin’s holding to 13.88% from 9.8% and reduces Friedland’s to 13.2%, leaving two Chinese companies as the Canadian miner’s top shareholders.
Mining engineer Didier Le Moine helped build a nickel industry in the French overseas territory of New Caledonia.
Vale, one of Indonesia's largest nickel miners, is set to divest around 20% of its stake to local investor to meet new regulations aimed at limiting foreign ownership of its mining resources.
It will provide at least 61,200 tonnes of cobalt hydroxide, or about a quarter of its annual production, to the Chinese company.
The company says the strong nickel price had made it an opportune time to start drilling for the battery metal.
A new report shows 10% of global copper miners are in loss making territory amid falling price and higher costs.
If it reaches commercial production, the battery could make Tesla's robot taxis and long-haul electric trucks viable.
The Uganda Geoscience Data Portal was launched this week.
Shareholders had earlier opposed the deal, stating it 'undervalued' the company.