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Rio Tinto, Codelco partner to find more copper in Chile

PLUS: Lucapa's new diamond find | Portugal PM quits over lithium probe | Western miners seek rare earth premiums
 
November 8th, 2023
MINING NEWS DIGEST
 
Rio Tinto, Codelco partner to find more copper in Chile
Through their Nuevo Cobre joint venture, the miners will explore and potentially develop copper assets in the top producing country.
 
Lucapa finds Angola mine's second-largest diamond
The find of the 235-carat type IIa diamond at Lulo comes barely a week after Lucapa dug up a 208-carat rock at the same mine.
 
Portugal PM quits over lithium project corruption probe
Antonio Costa has resigned amid an investigation into possible crimes of corruption in government involving lithium and hydrogen projects.
 
Western miners seek premium pricing for rare earth metals to break China grip
The miners believe manufacturers will absorb extra costs due to new ESG-related legislation and tax incentives like the IRA.
 
JV Article: Torq sees double in the Chilean Andes
Torq Resources (TSXV: TORQ) could be on the cusp of discovering not one, but two major copper-gold systems right under the noses [ā€¦]
 
Piedmont shares up on inaugural revenue and profit
The company reported adjusted net income of $17 million during the third quarter of 2023.
 
USGS provides $2 million to states to identify critical mineral potential in mine waste 
Earth Mapping Resources Initiative to modernize understanding of geologic framework and improve knowledge of domestic critical mineral resources both in the ground and in...
 
JV Article: Automaker Stellantis takes 19.9% stake in Argentina Lithium subsidiary
Amsterdam-based carmaker Stellantis (NYSE: STLA) whose iconic brands include Alfa Romeo, Chrysler, Citroƫn, Fiat, Opel, Maserati, Peugeot, Jeep and Vauxhall, has invested...
 
Atlas Lithium raises $20 million from investors led by former Allkem chairman
Earlier this year, Atlas also raised $20 million by selling a 3% gross overriding revenue royalty on the Das Neves project.
 
Zinc price jumps on supply worries, Russian project fire report
Fire has been extinguished at a workshop at Ozernoye, scheduled to become one of the largest zinc mines in the world.
 
Lynas to withdraw court request to review Malaysia licence conditions
Lynas earlier this year approached a Malaysian court to review its licence after the government barred it from importing and processing lanthanide concentrate from January...
 
Camino shares surge as Rio Tinto takes position next to its Peru copper project
Camino said it has also increased its claims at the Los Chapitos property by an additional 10 square kilometres.
 
Scientists propose plan to improve confidence in hydrogen-fueled vehicles
A predictive model is being proposed to let station operators know in advance when a problem might occur and minimize any disruptions.
 
Saudi Arabia's next act is supplying the world with EV batteries
The world's biggest oil producer is now also aiming to become a key hub for making batteries.
 
China's state-backed iron ore giant says prices are too high
Iron ore has reached "unreasonable" levels that are hurting Chinese steel mills, according to China Mineral Resources Group.
 


 
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