Canadian mining capex reached decade high in 2022

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PLUS: Graphite buying up ahead of China curbs | SQM grabs 30% in Pirra Lithium | Horizonte in funding talks for Araguaia

October 23rd, 2023 MINING NEWS DIGEST   Canadian mining capex reached decade high in 2022 Capex in Canada's mining industry increased by 14% to $13.5 billion last year.   Graphite buyers to boost imports ahead of China's curbs – analysts Top buyers of graphite from China include Japan, the United States, South Korea and India.   SQM buys 30% stake in Australia's Pirra Lithium The Chilean lithium giant will ultimately increase its interest to 40% by spending $1.9 million in exploration.   Horizonte Minerals in talks to fund nickel project overrun The Araguaia project is facing a 35% cost jump and first production has been delayed to the third quarter of next year.   Video: Gold Roylaty CEO Garofalo lauds court for knocking feds Garofalo said governments should "stay out of the way" of mining projects because long lead times, unclear regulations and overlapping jurisdictions all drive away investment....   Lithium company executive seeking federal backing was key figure in Alberta Energy Regulator spending scandal Zeeshan Syed, a former Alberta Energy Regulator executive who was engulfed in a public sector spending scandal in Alberta welcomed two Liberal cabinet ministers to the Thunder...   China plans to boost state cobalt reserves after prices drop Cobalt is among battery materials that are suffering sharp price declines from rising global output this year.   Copper price rebounds after hitting lowest in 11 months LME-tracked stockpiles of the metal jumped to the highest since October 2021 last week.   Column: China ups critical minerals heat with graphite controls The West can't say it wasn't warned.   Bravo Mining shares surge on initial resource estimate for Luanga project The MRE showed a substantial increase in tonnes and contained metals over historical estimates provided by Vale.   JSW steel boss says 'nothing concrete' with Teck Last month, Reuters reported that JSW Steel had slowed down the process to buy a stake in Teck.   MXenes, ruthenium support sustainable green hydrogen production Texas-based researchers have reduced by half the cost of catalysts used to produce green hydrogen.   South Star eyes faster ramp up of Brazil graphite mine The Santa Cruz project's output could reach 50,000 metric tons annually.   Nornickel: Q3 nickel output higher q/q, palladium output drops Unlike many Russian companies, Nornickel has not been directly targeted with Russian sanctions over its actions in Ukraine.   South32's met coal output falls on Illawarra disruptions The company posted a bigger-than-expected 18% drop in its first-quarter metallurgical coal output.     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.