$1bn metals SPAC deal backed by Glencore, automakers collapses

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PLUS: Codelco doing due diligence on Lithium Power | Costco gold bars flying off shelves | Panama halts First Quantum contract debate

September 28th, 2023 MINING NEWS DIGEST   $1bn metals SPAC deal backed by Glencore, automakers collapses ACG had planned to buy a nickel mine and a copper mine from Appian Capital.   Codelco in talks with Australia's Lithium Power The Chilean copper giant is undertaking due diligence on Lithium Power, which owns the country's largest permitted brine project.   Costco experiencing gold rush as 1 oz. bars become instant hit The US retail warehousing giant is now selling 1 oz. PAMP Suisse Lady Fortuna Veriscan gold bars.   Panama suspends debate for First Quantum's new mining contract Workers went on strike earlier this week.   JV Article: Navigating mining travel terrain made simpler with Corporate Traveller Miners in all facets of the industry need to travel – whether it be to a meeting in an urban hub or […]   Northvolt to build multibillion-dollar battery plant in Quebec Quebec and Ottawa will invest a total of $2.7 billion for the construction of the factory.   Peru grapples with red tape that's burying giant copper projects Frustrations with bureaucracy that can take years to navigate were expressed at an event held in Arequipa.   If gold surges 140,000-fold, then asteroid mining works Even if the industry can eventually cut expenses and jump over technological hurdles, asteroid mining will remain commercial science fiction for some time.   Canada, France boost critical minerals cooperation They will work together to secure supplies of critical minerals in both countries and promote investment in the supply chain.   China gold prices plunge the most since 2020, curbing record premium The precious metal fell 3.8% on the Shanghai Gold Exchange, with losses accelerating toward the end of the trading day.   Lucara Diamond ends HB Trading sale agreement The Canadian diamond miner cited a "material breach of financial commitments" by the Belgian manufacturer as the reason for the split.   Allkem rises as $10.6 billion Livent deal close edges nearer The merger announced in May will create the world's third-largest producer of lithium.   China's grip on critical minerals draws warnings at IEA gathering US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals willing to exploit its position for political gain.   Top emitters underreport coal, oil & gas methane emissions – study The US, Russia, Venezuela and Turkmenistan are in the spotlight for underreporting their methane emissions.   BHP CEO calls for 'small set' of common ESG standards "We have too many standards for the same ESG dimensions, leading to confusion and dissipated effort," Mike Henry said.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.