Giant lithium deal collapses after Australian billionaire Rinehart steps in

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PLUS: Sawiris eyes stake in Reko Diq | Scotgold in funding talks | New ways to discover sedimentary copper

October 16th, 2023 MINING NEWS DIGEST   Giant lithium deal collapses after Australian billionaire Rinehart steps in Albemarle has walked away from its $4.2 billion takeover of Liontown Resources after Australia's richest woman built up a blocking minority.   Egyptian tycoon eyes stake in Barrick's Reko Diq project Egypt's second wealthiest person, Naguib Sawiris, says the potential investment would allow him to expand his business in Pakistan.   Scotgold in advanced funding talks to avoid default The embattled miner, which operates Scotland's only gold mine, is close to securing enough funding from a new strategic investor.   Top miners, academics partner to seek new ways to discover sedimentary copper Kupferschiefer project aims to revisit archive geological data and reinterpret it using petroleum and mineral system approaches, creating maps of mineral prospective areas...   JV Article: Take Part in the 2023 Mining Needs You Virtual Career Fair The Mining Industry Human Resources Council (MiHR) has partnered again with the Prospectors & Developers Association of Canada (PDAC) and the Canadian […]   China's lithium triangle inroads show US challenges in EV race The lithium triangle of South America accounts for more than half of global resources.   Interview: Minister of Natural Resources and Forests, government of Québec For its Québec Mining 2023 edition, Global Business Reports sat down with Maïté Blanchette Vézina.   New resource bolsters Rio Tinto-backed Arizona Sonoran's Cactus copper project The company has nearly tripled its measured and indicated resource at the Cactus porphyry project.   Iron ore price rises as China stimulus lifts sentiment China's central bank ramped up liquidity support to the banking system by conducting medium-term lending facility operations.   Cobalt-based nanomaterial makes fuel cells more robust, environmentally friendly A new cobalt-based nanomaterial reduces fuel cells' reliance on platinum.   US, EU business groups push for steel deal, minerals drive at summit The US Chamber of Commerce and BusinessEurope made the call on Monday, before President Biden hosts European Commission chief Ursula von der Leyen.   Tsingshan plans $233 million lithium-related investment in Chile Company to set up a plant to produce lithium iron phosphate, Chilean President Gabriel Boric said.   Mali to meet or exceed forecast for industrial gold output Production is expected to reach or even exceed its 67.7 tonnes forecast for 2023, according to a mines ministry official.   Freeman Gold shares lifted by initial PEA on Lemhi project in Idaho At the base case, the project's after-tax net present value (at 5% discount) is calculated at $212.4 million with an internal rate of return of 22.8%.   Russian gold miner Uzhuralzoloto plans Moscow IPO this year – sources The company aims to become Russia's third-largest gold producer.     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.