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Chinese gold buying is driving a paradigm shift in bullion

PLUS: Interventions against illegal mining have a spillover effect on legal mining areas – study
 
September 24th, 2023
MINING NEWS DIGEST
 
Chinese gold buying is driving a paradigm shift in bullion
As inflation-adjusted rates soared this year to the highest since the financial crisis, bullion has barely blinked.
 
Interventions against illegal mining have a spillover effect on legal mining areas – study
Addressing unregulated activities in one area may have a spillover effect when the same activity is allowed in a nearby location.
 
Colombia's National Mining Agency in the spotlight for proposed halt to coal mining concessions
Colombia's National Mining Agency has said it will no longer grant concessions for exploring and developing open-pit coal mining projects. The Attorney General demands some...
 
LG Chem partners with Huayou Group to build joint LFP cathode plant in Morocco
The plant, set to start production in 2026, aims to produce 50,000 metric tonnes LFP cathode materials annually.
 
Asian Battery Minerals enrolls hi-tech mineral resource locator to explore nickel deposit in Mongolia
Asian Battery Minerals and Getech just completed a successful round of nickel exploration in Mongolia.
 
JV Article: How sensor-based sorting testing can take the guesswork out of ore processing
Sensor-based sorting (SBS) is a collection of technologies that separate particles or parcels of ore and waste based on mineralogical differences that […]
 
Australia, US, Canada, UK commit $76 million to clean energy research
Projects on a completely renewable energy power grid and hydrogen production are being developed under the National Science Foundation Global Centers program.
 
Southern Copper says Peru output to reach 400,000 tonnes this year
The company could add 470,000 tonnes of copper output in the country over the next decade if projects in the pipeline come online as planned.
 
Study points to need to clean up legacy mining pollution that poses health risks to millions
It is estimated that 23 million people living on the world's floodplains are being exposed to potentially dangerous concentrations of toxic waste, a new study finds.
 
Kodal Minerals lithium project in Mali unfazed by new law
Mali's government has confirmed the firm's license to mine Bougouni will be "administered in accordance" with the terms of the previous law.
 
JSW Steel slows process of buying stake in Teck coal unit
Relations between India and Canada soured when they expelled each other's diplomats over the murder of a Sikh separatist leader in British Columbia.
 
Giga's Turnagain nickel project in BC may depend on batteries boosting metal price
The 30-year open-pit mine would cost $1.9 billion to build.
 
FPX Nickel signs battery supply chain MOU with Japanese groups
The MOU lays the groundwork for FPX and PPES to collaborate on vertically integrated nickel production through the Baptiste project.
 
Ausenco acquired by Eldridge, Brightstar Capital and Claure Group for $578 million
The exit price compares with the $150m Resource Capital Fund paid for Ausenco in 2014.
 


 
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