Sibanye-Stillwater eyes cuts at US mines on weak palladium prices

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PLUS: Voting in progress to decide First Quantum contract | Barrick says Saudi interested in Reko Diq | Nutrien misses Q3 profit estimates

November 2nd, 2023 MINING NEWS DIGEST   Sibanye-Stillwater eyes cuts at US mines on weak palladium prices It warned of further changes at its palladium mines in the US as prices for the main PGMs have fallen faster than it anticipated.   Panama Congress decides fate of First Quantum mine contract  Vote on bill revoking the 20-year contract with First Quantum and halting all future mining concessions in Panama happening today.   Saudis in talks with Pakistan on Reko Diq, Barrick CEO says Saudi Arabia is in ongoing talks with Pakistan to buy part of the government's stake in the $7 billion copper project, says Mark Bristow.   Nutrien misses quarterly profit estimates as potash prices plummet During Q3, potash prices averaged $250 per tonne, in stark contrast to the $633 per tonne recorded a year earlier.   JV Article: Steppe Gold passes 100,000 oz mark, fully funded for Phase II In just three years, production at home-grown Mongolian miner Steppe Gold's (TSX: STGO; US-OTC: STPGF) ATO mine has surpassed the 100,000 oz. gold […]   Kamoa-Kakula confirmed as world's lowest carbon-emitting major copper mine On a Scope 1 and 2 basis, Kamoa-Kakula's GHG emissions intensity in 2022 was 0.16 equivalent tonnes of carbon dioxide per tonne of contained copper produced.   Barrick CEO says growing copper biz "ourselves" when asked about First Quantum interest "For me M&A is an ad hoc opportunity to create value," CEO Mark Bristow told Reuters.   JV Article: Enhancing mining operations through innovative technology — Gahcho Kué case study Over the last two years, Galaxy Broadband Communications (Galaxy) has established key partnerships with OneWeb (U.K.) and Nokia Canada that promise remarkable […]   Bears bet big that nickel can close the product gap Fund players have lifted their bets on lower prices to levels last seen in 2019.   Albemarle cuts annual forecast on slumping lithium prices Worries have been mounting that global EV demand is softening.   Ramaco Resources acquires DOE patent to develop US coal into carbon products The company said its patented process converts coal and coal-related mining waste into high-quality, affordable carbon nanosheets — also known as graphene.   Barrick beats Q3 profit estimates on higher production, lower costs Barrick said results were boosted by higher production at Cortez and Turquoise Ridge mines in Nevada and the Kibali mine in Congo.   Ottawa outlines eligibility for companies seeking C$1.5bn in critical minerals infrastructure funding Natural Resources Canada announced projects eligible to apply for the new Critical Minerals Infrastructure Fund include clean energy and transportation projects that support...   Getech, Cozairo join forces to deliver carbon capture solutions to non-oil and gas industrial companies Getech and Cozairo want to focus on storing carbon near the emission point source.   De Beers agrees five-year wage deal with S.African union The agreement also allows for participation in Anglo American employee share ownership plans.     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.