What green energy transition? Half of mining still exploring for gold

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PLUS: World's top 10 graphite projects | Scotgold heads towards administration | Congo strike impacting copper, cobalt supplies

November 7th, 2023 MINING NEWS DIGEST   What green energy transition? Half of mining still exploring for gold New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total....   RANKED: World's top 10 graphite projects Graphite grabbed recent news headlines when China announced it will require export permits for some graphite products.   Embattled Scotgold Resources ready to go into administration The owner of Cononish, Scotland's only operating gold and silver mine, has failed to secured investors to continue in business.   Copper, cobalt supplies from Congo stranded by truckers' strike Already 2,700 trucks carrying around 89,000 metric tons of copper are stuck in Kolwezi.   JV Article: Torq sees double in the Chilean Andes Torq Resources (TSXV: TORQ) could be on the cusp of discovering not one, but two major copper-gold systems right under the noses […]   Albemarle risks losing lithium market to China on weak prices The US lithium giant controls about 13% of the global market this year, while Chinese producers have grown their share to 63%.   Nascent recovery in Chilean copper mining is spluttering October's export revenue from copper fell 6.7% from September and 8.8% from a year ago.   JV Article: Automaker Stellantis takes 19.9% stake in Argentina Lithium subsidiary Amsterdam-based carmaker Stellantis (NYSE: STLA) whose iconic brands include Alfa Romeo, Chrysler, Citroën, Fiat, Opel, Maserati, Peugeot, Jeep and Vauxhall, has invested...   Iron ore price retreats as China's bourse plans to limit trading volumes Also weighing on sentiment was news of unseasonably cold weather and blizzards hitting northeast China.   i-80 Gold has potential JV partner to advance base metals development at Ruby Hill The deposits at Ruby Hill collectively represent one of the largest development-stage projects in Nevada, according to the company.   Peru mine spending at eight-year low signals copper tightening Mining investments in Peru is expected to reach $3 billion to $3.5 billion in 2024, the country's industry group SNMPE said.   Codelco cuts 2024 copper premium to China, changes contract structure The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year.   Column: New EU power market, same old problems for metals sector The bloc's power prices have historically been twice those of the US, but are now three or four times higher.   US Indigenous coal miners with black lung disease unlikely to qualify for federal support – study For each decade of life, Indigenous coal miners were more likely to have both black lung and lung function impairment than non-Indigenous coal miners.   Impala Platinum starts voluntary job cuts at South Africa mines The price for palladium has plunged nearly 40% so far this year while primary metal platinum is down 14%.     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.