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FEATURED: Stornoway files for bankruptcy again | Rinehart may block another lithium takeover | Vale CEO optimistic of future

October 27th, 2023 MINING NEWS DIGEST   Stornoway Diamond files for bankruptcy for second time, stops operations at Quebec site Renard is Quebec's first and only diamond mine, opened in 2017.   Rinehart buys 18% stake in Azure Minerals to block SQM takeover Hancock Prospecting's stake in Azure is just short of the 20% level that would require a mandatory buyout offer.   Vale CEO says he has never been so optimistic about the company's future Vale on Thursday reported a third quarter net profit decline but still landed above market forecasts.   Agnico has Kittila operating permit restored, expects 30,000 oz. of additional production The company now expects to reach the upper end of its annual guidance.   Caspin Resources makes heavy rare earths discovery in WA's West Musgrave Caspan has now reported its highest grade REE mineralization intersected to date at the Duchess Prospect at Mount Squires.   Shenghe Resources throws Vital Metals a lifeline The Chinese company is acquiring new shares North America's second rare earths producer for $3.8 million.   Indonesia's high-grade nickel ore reserves may be depleted in 6 years Indonesia's high-grade 1.7% nickel ore is mainly used for the country's nickel pig iron (NPI) production.   Researchers figure out efficient way to produce key ingredient in Li-ion batteries Japanese scientists synthesized lithium cobalt oxide at low temperatures.   Copycat Chinese lithium firms back Nigerian processing plant The $250 million project is a response to the Nigerian government's efforts to diversify the economy away from oil.   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 as part of a temporary operating plan...   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.   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.   Battery makers hunt for graphite ahead of China controls South Korean battery manufacturers are heavily reliant on graphite imports.   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.   Australia boosts critical minerals fund by over $1 billion to attract international investors The $1.3 billion boost will increase the capacity of Australia's Critical Minerals Facility to finance mining and processing projects for materials.     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.