Rinehart may block SQM $1bn takeover of Azure Minerals

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PLUS: Ottawa suspends environment minster authority on mine projects | Lawsuit considered over First Quantum deal | Newmont misses profit estimates

October 26th, 2023 MINING NEWS DIGEST   Rinehart may block SQM $1bn takeover of Azure Minerals The Australian billionaire, who recently thwarted Albemarle's buyout of Liontown, is said to be evaluating ways to hinder SQM's bid.   Ottawa unveils interim plan for environment agency after court rules it unconstitutional  Ottawa is suspending the environment minister's authority to force major energy or mining projects to be judged for environmental impact.   Panama's top court considers lawsuit over First Quantum deal The court said in a statement that it will issue an opinion on the lawsuit within 10 business days.   Newmont misses quarterly profit estimates, Penasquito ramp-up underway Miner is struggling with weak production after a strike at its Peñasquito mine had shuttered operations since June.   Capex of top 30 miners to grow 6.2% in 2023, but decline over next two years — report According to S&P Global, the highest capital budget spend in financial year 2023 is expected to come from BHP.   Cornish Metals starts dewatering UK tin mine The process, expected to take 18 months, is a key part of of Cornish Metals' efforts to reopen the South Crofty tin-copper mine.   Trafigura-backed Congo miner puts itself on sale amid debt woes The attempted sale of Chemaf Resources Ltd. comes after the company's ambitious expansion drive ran into financial trouble.   Teck shares are back where they started before Glencore offer Despite Tuesday's sharp drop, Teck has still outperformed most of its rivals this year.   Battery makers hunt for graphite ahead of China controls South Korean battery manufacturers are heavily reliant on graphite imports.   Champion Iron shares rise on Bloom Lake expansion The company reported a 21% increase in production in Q2, compared with the same quarter last year.   Indonesia export plan to upset Freeport's mined copper benchmark To comply with Indonesia's push to process concentrate locally into metal, Freeport is building the Manyar smelter which is due to be completed by May next year.   Machine learning helps Earth AI find high-grade molybdenum in unexpected place Earth AI announced the first discovery of a greenfield molybdenum deposit using artificial intelligence.   Eramet cuts Indonesia nickel ore target on permit delay Eramet expects Weda Bay to produce 30 million wet metric tons in 2023, down 5 million tons from its previous outlook.   Video: Mining innovation must redeploy tech like Lego The industry needs to apply existing technology to build several solutions, panellists at The Northern Miner's Canadian Mining Symposium said.   Fortescue's quarterly iron ore shipments fall 3% on maintenance The world's fourth-largest iron ore miner shipped 45.9 million tonnes of iron ore for the quarter ended Sept. 30.     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.