Trusted Insighthttp://thetrustedinsight.com/2024-03-28T07:06:08.954225-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Uae's Irh Plans Bid For Stake In Zambia's Lubambe Copper Mine
2024-03-28T07:06:08.954225-04:00https://www.thetrustedinsight.com/investment-news/uaes-irh-plans-bid-for-stake-in-zambias-lubambe-copper-mine-20240328727/
International Resources Holding (IRH), a unit of Abu Dhabi's International Holding Company, said it intends to bid for a stake in Lubambe Copper Mine in Zambia.
Pairing Crypto Mining With Green Hydrogen Offers Clean Energy Boost, Study Suggests
2024-03-25T17:01:06.811000-04:00https://www.thetrustedinsight.com/investment-news/pairing-crypto-mining-with-green-hydrogen-offers-clean-energy-boost-study-suggests-20240325611/
Pairing cryptocurrency mining—notable for its outsize consumption of carbon-based fuel—with green hydrogen could provide the foundation for wider deployment of renewable energy, such as solar and wind power, according to a new Cornell University study.
Will The Iron Ore Price Recover From Its Recent Plunge? - Abc News
2024-03-19T08:31:05.978849-04:00https://www.thetrustedinsight.com/investment-news/will-the-iron-ore-price-recover-from-its-recent-plunge-abc-news-20240319375/
Commonwealth Bank director of mining and energy commodities research, Vivek Dhar, says there is still pressure on iron ore prices to drop even lower.
India's Steel Majors To Invest Billions To Meet Buoyant Local Demand -march 19, 2024 At 07:42 Am Edt | Marketscreener
2024-03-19T08:01:21.002398-04:00https://www.thetrustedinsight.com/investment-news/indias-steel-majors-to-invest-billions-to-meet-buoyant-local-demand-march-19-2024-at-0742-am-edt-marketscreener-20240319373/
(marketscreener.com) Leading Indian steel producers, including JSW Steel Ltd and Tata Steel Ltd, are expected to invest billions in a record capacity increase to benefit from rising domestic demand in one of the world's fastest growing economies.https://www.marketscreener.com/quote/stock/JSW-STEEL-LIMITED-46728626/news/India-s-steel-majors-to-invest-billions-to-meet-buoyant-local-demand-46230670/?utm_medium=RSS&utm_content=20240319.
Banded Iron Formations: Oceans, Algae And Iron Oxide
2024-03-18T15:31:05.897590-04:00https://www.thetrustedinsight.com/investment-news/banded-iron-formations-oceans-algae-and-iron-oxide-20240318341/
Iron ore is a big deal in Australia. :
This article has been reviewed according to Science X's
editorial process
and policies. Editors have highlighted
the following attributes while ensuring the content's credibility:
We are the world's largest iron ore exporter. Iron ore brings in $133 billion annually (2021–2022) and provides 43,000 Australians mining jobs. Iron ore is rock rich in iron oxides (Fe2O3) and includes minerals such as hematite and magnetite. Most of the world's iron ore is found in rocks called banded iron formations or BIFs. BIFs occur on all continents, and in all states of Australia.
Bhp Cuts Contractors At West Musgrave Nickel And Copper Project - Report (nyse:bhp) | Seeking Alpha
2024-03-18T07:01:06.102833-04:00https://www.thetrustedinsight.com/investment-news/bhp-cuts-contractors-at-west-musgrave-nickel-and-copper-project-report-nysebhp-seeking-alpha-20240318311/
BHP (NYSE:BHP) has cut ~100 workers constructing its West Musgrave nickel and copper project in Western Australia, Australian Financial Review reported Sunday, in the latest move by a major mining company to reduce costs in an environment of weak commodity prices. The workforce at the A$1.7B project was cut from ~400 to 300, but the paring of some workers did not mean the entire project, acquired from OZ Minerals last year, has been canceled, according to the AFR report. BHP (BHP) already said it would take a A$2.5B impairment charge related to its struggling Western Australia nickel business.
Td Precious Metals: Investing In Gold, Silver, & Platinum With Canada’s Largest Bank – Gold Rrsp
2024-03-04T15:01:06.497434-05:00https://www.thetrustedinsight.com/investment-news/td-precious-metals-investing-in-gold-silver-platinum-with-canadas-largest-bank-gold-rrsp-20240304852/
TD Bank (TD:TO) is one of Canada’s big five commercial banks, and its largest by assets under management. The bank operates over 1,100 branches in Canada under the TD Canada Trust moniker, in addition to over 2,600 ATMs, and serves over 10 million customers across Canada. TD Precious Metals is its subsidiary that handles gold and silver bullion investments for its clients. But, is it worth dealing with TD for your precious metal investments? In this article, we’ll take a look at whether TD Precious Metals is worth trusting with your next gold, silver, or platinum-group metal sale or purchase.
Marula Mining To Buy Control Of Kenyan Manganese Mine
2024-03-04T07:31:06.415895-05:00https://www.thetrustedinsight.com/investment-news/marula-mining-to-buy-control-of-kenyan-manganese-mine-20240304835/
UK-listed junior miner Marula Mining has agreed to buy control of Kenya’s Larisoro Manganese Mine following an initial term sheet agreement with the mine’s current owner Gems and Industrial Minerals (GIM). Jason Brewer, CEO of Marula Mining said the investment in Larisoro was the firm’s first in Kenya ahead of a listing on the Nairobi […]
The post Marula Mining to buy control of Kenyan manganese mine appeared first on Miningmx.
South Crofty Tin Mine Project Advances With Early Shaft Refurbishment
2024-03-04T06:01:29.753782-05:00https://www.thetrustedinsight.com/investment-news/south-crofty-tin-mine-project-advances-with-early-shaft-refurbishment-20240304829/
Mining company Cornish Metals is looking to restart production at the mine by 2026.:
Mining exploration company Cornish Metals will bring forward its plans to refurbish a mine shaft at its South Crofty tin project. The AIM-listed firm, which is working to revive production at the mine in Pool near Redruth, said on Monday (March 4) that after an assessment of the timbers in New Cooks Kitchen (NCK) shaft it had decided to start refurbishment ahead of schedule.
Nnpc Says Not Blocking Divestments By Oil And Gas Multinationals
2024-03-04T06:01:20.073055-05:00https://www.thetrustedinsight.com/investment-news/nnpc-says-not-blocking-divestments-by-oil-and-gas-multinationals-20240304828/
NNPC said it would not hinder but instead facilitate international oil and gas companies in executing divestments. :
Nigerian National Petroleum Co. Ltd. (NNPC) has said it would not hinder but instead facilitate international oil and gas companies (IOCs) in executing divestments. Mele Kyari, chief executive of the national oil and gas company, declared the position at the Nigerian International Energy Summit in Abuja, NNPC said in a news release.
West African Resources Lifts 10-year Gold Output Forecast
2024-02-28T07:02:07.039079-05:00https://www.thetrustedinsight.com/investment-news/west-african-resources-lifts-10-year-gold-output-forecast-20240228680/
WEST African Resources increased its 10 year gold production outlook to 415,000 ounces annually with group annual gold output peaking at 473,000 oz in 2029. Unhedged resources were reported at 12.8 million oz – an 181,000 oz increase over the previous estimate – while ore reserves were put at 6.1 million oz of gold, a […]
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Australia's Major Miners Buoyed By China Demand Despite Property Crisis - Nikkei Asia
2024-02-23T06:06:19.750212-05:00https://www.thetrustedinsight.com/investment-news/australias-major-miners-buoyed-by-china-demand-despite-property-crisis-nikkei-asia-20240223520/
SYDNEY -- Australia's largest mining companies say steel demand in China remains strong despite a slowdown and property crisis in the world's second-largest economy, with the price of iron ore holding up and delivering earnings largely in line with analysts' expectations. BHP, Rio Tinto and Fortescue, the three largest Australian-listed resource companies, released financial results this week, providing a snapshot of the iron ore market. Iron ore made up almost 70% of BHP's and Rio's underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) for their respective reporting periods, and all of Fortescue's.
China’s Latin American Investments Downshift To Smaller, More Strategic Projects | South China Morning Post
2024-02-22T10:01:23.837403-05:00https://www.thetrustedinsight.com/investment-news/chinas-latin-american-investments-downshift-to-smaller-more-strategic-projects-south-china-morning-post-20240222492/
High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.
Sa Government To Spend $100M On 'pre-feasibility Study' For Northern Water Desalination Plant And Pipeline Network - Abc News
2024-02-22T06:31:06.027592-05:00https://www.thetrustedinsight.com/investment-news/sa-government-to-spend-100m-on-pre-feasibility-study-for-northern-water-desalination-plant-and-pipeline-network-abc-news-20240222485/
The South Australian government explores building a desalination plant on the state's Eyre Peninsula that would deliver water to mining and agriculture in the far north.
First Quantum To Sell $500M In Copper To China's Jiangxi
2024-02-21T13:31:06.400001-05:00https://www.thetrustedinsight.com/investment-news/first-quantum-to-sell-500m-in-copper-to-chinas-jiangxi-20240221465/
FIRST Quantum Minerals’ second-largest shareholder will pay $500m for copper shipments in an arrangement that strengthens the mining company’s balance sheet while its flagship asset in Panama remains shuttered. Bloomberg News said the company is also in talks with lenders to amend and extend its loan facilities, and expects a conclusion “in the near term.” […]
The post First Quantum to sell $500m in copper to China’s Jiangxi appeared first on Miningmx.
Indonesia's New Green Investment Rulebook Includes Coal Power Plants - Cna
2024-02-20T07:01:27.575800-05:00https://www.thetrustedinsight.com/investment-news/indonesias-new-green-investment-rulebook-includes-coal-power-plants-cna-20240220416/
FILE PHOTO: Smoke and steam billows from the coal-fired power plant owned by Indonesia Power, next to an area for Java 9 and 10 Coal-Fired Steam Power Plant Project in Suralaya, Banten province, Indonesia, July 11, 2020. REUTERS/Willy Kurniawan/File Photo JAKARTA : Indonesia on Tuesday launched a revised "taxonomy" or green investment rulebook categorising coal-fired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups.
Update Of Reforms To The Mining Sector And Investment Protection In Africa | Hogan Lovells
2024-02-13T15:31:06.442808-05:00https://www.thetrustedinsight.com/investment-news/update-of-reforms-to-the-mining-sector-and-investment-protection-in-africa-hogan-lovells-20240213200/
In the past few years, several African States have implemented wide-ranging reforms to their mining sector, which have resulted in the imposition of increased regulatory requirements on actors as well as, in some instances, upheavals of mining licenses in these countries. In particular, African States are increasingly implementing policies driven by resource nationalism, with a view to increasing local participation in the mining sector....By: Hogan Lovells.
Sudan: Southern Kordofan Mining Practices Prompt Environmental Outcry
2024-02-12T14:01:06.231202-05:00https://www.thetrustedinsight.com/investment-news/sudan-southern-kordofan-mining-practices-prompt-environmental-outcry-20240212144/
[Dabanga] Talodi / Merowe -- Locals in Talodi, South Kordofan, have observed a surge in mining activities as companies escalate gold extraction using toxic chemicals harmful to both human health and the environment. Environmental activists told Radio Dabanga yesterday, that they are pointing fingers at multiple mining firms, alleging their exploitation of the country's conflict situation to expand operations.
Zimbabwe: Karo Forges Ahead With Project Despite Price Fall
2024-02-12T11:01:17.968105-05:00https://www.thetrustedinsight.com/investment-news/zimbabwe-karo-forges-ahead-with-project-despite-price-fall-20240212133/
[The Herald] Karo Platinum Holdings is going ahead with the development of its platinum mine despite the falling global platinum group metals (PGM) prices, with US$100 million already spent on mine infrastructure development.
Totalenergies Starts Production At Akpo West Field In Nigeria
2024-02-12T06:07:25.491418-05:00https://www.thetrustedinsight.com/investment-news/totalenergies-starts-production-at-akpo-west-field-in-nigeria-20240212118/
TotalEnergies put onstream the Akpo West field tie-back project offshore Nigeria, adding condensate and gas output capacity. :
TotalEnergies SE and its partners recently put onstream the Akpo West field tie-back project offshore Nigeria, adding condensate and gas output capacity, the French energy giant has said. Akpo West has now been connected to the Akpo floating production storage and offloading facility, which came online 2009 serving the main Akpo field. The facility produced 124,000 barrels of oil equivalent per day (boepd) last year, TotalEnergies said.
Africa: Interview - Why American, European Companies Need To Invest In Africa's Mining Sector - Expert
2024-02-09T16:31:06.971815-05:00https://www.thetrustedinsight.com/investment-news/africa-interview-why-american-european-companies-need-to-invest-in-africas-mining-sector-expert-20240209071/
[Premium Times] US Institute of Peace expert, Tom Sheehy, sheds light on mining challenges and opportunities in Africa. :
US Institute of Peace expert, Tom Sheehy, sheds light on mining challenges and opportunities in Africa. Respected US Institute of Peace expert, Tom Sheehy, discusses the complex issues surrounding critical minerals in Africa, including the role of China and the need for responsible mining practices. In the shadows of the African mining sector, a complex web of great power competition, security concerns, and conflicting interests unfolds.
Investment Protection In The Mining Sector: A Guide To Protecting Foreign Investments In Tanzania | Hogan Lovells
2024-02-09T13:01:06.583037-05:00https://www.thetrustedinsight.com/investment-news/investment-protection-in-the-mining-sector-a-guide-to-protecting-foreign-investments-in-tanzania-hogan-lovells-20240209068/
The mining sector is playing, and will continue to play, an essential role in the energy transition. As demand for critical metals and minerals continues to intensify, a significant increase in foreign investment is likely to occur in the coming decades, with over US$1.7 trillion in investment required to help the transition to clean energy. Demand for precious metals also remains strong, with strong industrial demand playing a significant role in price increases over the course of 2023....By: Hogan Lovells.
Billionaire Adani Secures Ore For $1.2B Copper Smelter
2024-02-09T06:01:41.884028-05:00https://www.thetrustedinsight.com/investment-news/billionaire-adani-secures-ore-for-12b-copper-smelter-20240209050/
The first 500,000 tons of capacity at the $1.2 billion facility in Mundra in the western state of Gujarat is set to start operations next month, according to Vinay Prakash, chief executive officer at Adani Natural Resources.
Turkey Invests In Floating Solar Fields With 80,000 Megawatt Capacity
2024-02-04T14:01:06.535440-05:00https://www.thetrustedinsight.com/investment-news/turkey-invests-in-floating-solar-fields-with-80000-megawatt-capacity-20240204874/
ALBAWABA - In the wake of a legislative push for energy reforms, the spotlight is now on Floating Solar Energy Plants (FPV) in Turkey, a move aimed at curbing water evaporation and safeguarding precious water resources while generating electricity...
Chinese Firms Agree To Raise Investment In Democratic Republic Of Congo Copper-cobalt Mining Deal | South China Morning Post
2024-02-04T07:31:06.893086-05:00https://www.thetrustedinsight.com/investment-news/chinese-firms-agree-to-raise-investment-in-democratic-republic-of-congo-copper-cobalt-mining-deal-south-china-morning-post-20240204871/
Sinohydro Corp and China Railway Group will increase input from US$3 billion to US$7 billion as part of the Sicomines joint venture.
Iron Ore And Coal Miners Riding High On China’s Economic Stimulus
2024-02-02T06:06:08.296244-05:00https://www.thetrustedinsight.com/investment-news/iron-ore-and-coal-miners-riding-high-on-chinas-economic-stimulus-20240202817/
The price of steel in Asia is at risk of a steep increase thanks to unexpected strength in the price of iron ore price and coking coal.
China Baowu Raises $1.4B Via Bond, Mostly For Simandou Iron Ore Project
2024-01-30T08:31:07.717693-05:00https://www.thetrustedinsight.com/investment-news/china-baowu-raises-14b-via-bond-mostly-for-simandou-iron-ore-project-20240130702/
The world's largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.
Chinese To Invest Up To $7B In Congo Mining Infrastructure - Statement - 2024-01-27 | Marketscreener
2024-01-27T09:31:06.231698-05:00https://www.thetrustedinsight.com/investment-news/chinese-to-invest-up-to-7b-in-congo-mining-infrastructure-statement-2024-01-27-marketscreener-20240127634/
(marketscreener.com) The Democratic Republic of
Congo and its Chinese investors have reached an agreement over
their Sicomines copper and cobalt joint venture, they said in a
statement on Saturday, with the Chinese investing up to $7
billion in infrastructure projects. Both parties agreed to maintain the current structure of
the shareholding, while the...https://www.marketscreener.com/news/latest/Chinese-to-invest-up-to-7-bln-in-Congo-mining-infrastructure-statement--45826727/?utm_medium=RSS&utm_content=20240127.
Fortescue To Work With China Officials To Clear Iron Ore Shipments - Cna
2024-01-25T06:02:41.163601-05:00https://www.thetrustedinsight.com/investment-news/fortescue-to-work-with-china-officials-to-clear-iron-ore-shipments-cna-20240125561/
The logo of Australia's Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton/ File Photo MELBOURNE : Australia's Fortescue Metals Group said on Thursday it will work with Chinese authorities to resolve a delay that has held up customs clearance of some iron ore cargoes at a port in the country's north.
Orion Secures Surface Rights Boosting Okiep Copper Project
2024-01-24T06:11:06.644541-05:00https://www.thetrustedinsight.com/investment-news/orion-secures-surface-rights-boosting-okiep-copper-project-2czbFiRZiBLFsTQ8jxpqDe-20240124524/
ORION Minerals said it had acquired surface rights that would provide it will additional drilling information as part of a bankable feasibility study. The study is for the Flat Mines Project at its Okiep Copper in South Africa’s Northern Cape province. In February 2021, Orion exercised an option agreement to buy control of the Okiep project […]
The post Orion secures surface rights boosting Okiep Copper Project appeared first on Miningmx.
Rio Tinto To Buy All Electricity From European Energy's Planned Solar Project Near Gladstone - Abc News
2024-01-24T06:06:28.743977-05:00https://www.thetrustedinsight.com/investment-news/rio-tinto-to-buy-all-electricity-from-european-energys-planned-solar-project-near-gladstone-abc-news-20240124523/
If the Upper Calliope Solar Farm in central Queensland is approved, mining giant Rio Tinto will use the electricity generated to power its operations in Gladstone. But some locals want more detail about the project.
Orion Secures Surface Rights Boosting Okiep Copper Project
2024-01-23T08:01:06.826406-05:00https://www.thetrustedinsight.com/investment-news/orion-secures-surface-rights-boosting-okiep-copper-project-20240123482/
ORION Minerals said it had acquired surface rights that would provide it will additional drilling information as part of a bankable feasibility study. The study is for the Flat Mines Project at its Okiep Copper in South Africa’s Northern Cape province. In February 2021, Orion exercised an option agreement to buy control of the Okiep project […]
The post Orion secures surface rights boosting Okiep Copper Project appeared first on Miningmx.
Column-australia Cleans Up At Home, But Exported Emissions Keep Growing: Maguire | Nasdaq
2024-01-19T06:06:08.734104-05:00https://www.thetrustedinsight.com/investment-news/column-australia-cleans-up-at-home-but-exported-emissions-keep-growing-maguire-nasdaq-20240119378/
Australia's power sector drove total emissions from electricity generation to the lowest annual total this century in 2023, thanks to steep cuts to fossil fuel use and big jumps in clean energy generation, data from think tank Ember shows.
Shell To Sell Nigerian Onshore Subsidiary
2024-01-17T14:31:11.814662-05:00https://www.thetrustedinsight.com/investment-news/shell-to-sell-nigerian-onshore-subsidiary-20240117306/
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited. :
In a statement posted on its website on Tuesday, Shell announced that it has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance is a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group, Shell highlighted in the statement. It comprises ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin, Shell pointed out.
Rio Tinto: Iron And Copper Prices To Crash In 2024 As China Stimulus Fails (nyse:rio)
2024-01-05T06:01:06.863036-05:00https://www.thetrustedinsight.com/investment-news/rio-tinto-iron-and-copper-prices-to-crash-in-2024-as-china-stimulus-fails-nyserio-20240105909/
While mining stocks have not been solid in recent years, many have risen dramatically over the past few months. The mining giant Rio Tinto (NYSE:RIO) has increased by around 19% over the past three months. Its peers, BHP Group (BHP) and Glencore (OTCPK:GLNCY) have risen by ~9% and ~22%, respectively. Rio Tinto and other base metal miners have seen strong performance similar to that seen at the end of each year since 2020. That is to say, since 2020, Rio Tinto has consistently rallied around the fall-to-winter period and declined after that.
Experts Predict Copper Prices Set To Soar Over 75% By 2025, Thanks To Renewable Energy Transition, Supply Disruptions
2024-01-04T06:06:09.093898-05:00https://www.thetrustedinsight.com/investment-news/experts-predict-copper-prices-set-to-soar-over-75-by-2025-thanks-to-renewable-energy-transition-supply-disruptions-20240104858/
The price of copper is expected to rise by over 75% by 2025, driven by supply disruptions and increased demand for the metal, largely due to the global shift towards renewable energy. What Happened: The increasing demand for copper, partially fueled by the global transition to green energy, is projected to drive up its price, CNBC reported on Wednesday. Factors such as potential U.S. Federal Reserve rate cuts, a weakened U.S. dollar, and the recent pledge by more than 60 nations at COP28 to triple global renewable energy capacity by 2030 are contributing to this forecast.
The Hottest Property In Gold Mining Is Copper
2024-01-02T20:31:06.812607-05:00https://www.thetrustedinsight.com/investment-news/the-hottest-property-in-gold-mining-is-copper-20240102803/
From central Mexico to the Australian Outback, gold producers led by Newmont and Barrick Gold are raising bets on copper through deals and other investments to gain more influence over the commodity considered vital to the global energy transition.
Saudi Arabia Unveils Massive Gold Deposits Following Oil Discoveries
2023-12-29T12:31:18.356629-05:00https://www.thetrustedinsight.com/investment-news/saudi-arabia-unveils-massive-gold-deposits-following-oil-discoveries-20231229703/
ALBAWABA - In a significant development, the Saudi Arabian Mining Company (Ma'aden) has revealed the discovery of substantial gold reserves within a 100-kilometer region in the western part of Riyadh, south of an existing gold mine...
Indonesian Authorities Crack Down On Bitcoin Miners Stealing Electricity From National Grid
2023-12-29T06:06:09.084080-05:00https://www.thetrustedinsight.com/investment-news/indonesian-authorities-crack-down-on-bitcoin-miners-stealing-electricity-from-national-grid-20231229691/
The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations. :
A Holiday Extravaganza With Top Picks, Rants, Bitcoin Triumphs, and Central Bank Challenges in our 'Best of' Special India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices Indonesian authorities raided ten sites suspected of mining bitcoin with stolen electricity from the national grid over the Christmas weekend.
Power Giant Agl (asx:agl) To Build Mega Battery Project At Former Liddell Coal-fired Power Station
2023-12-19T06:06:48.878409-05:00https://www.thetrustedinsight.com/investment-news/power-giant-agl-asxagl-to-build-mega-battery-project-at-former-liddell-coal-fired-power-station-xxhTbohLUJ5Erzdwnud65X-20231219384/
The Liddell power station in NSW’s Upper Hunter will soon be home to a large grid-scale battery. :
We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Power giant AGL Energy will construct a large grid-scale battery on the site of the former Liddell coal-fired power station as a slew of other renewable and storage projects gain backing from the NSW government.
Power Giant Agl (asx:agl) To Build Mega Battery Project At Former Liddell Coal-fired Power Station
2023-12-19T06:01:20.644441-05:00https://www.thetrustedinsight.com/investment-news/power-giant-agl-asxagl-to-build-mega-battery-project-at-former-liddell-coal-fired-power-station-20231219377/
The Liddle power station in NSW’s Upper Hunter will soon be home to a large grid-scale battery. :
We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Power giant AGL Energy will construct a large grid-scale battery on the site of the former Liddell coal-fired power station as a slew of other renewable and storage projects gain backing from the NSW government.
German Decommissioned Nuclear Plant To Become 800 Mw/1,600 Mwh Battery – Pv Magazine International
2023-12-18T10:31:09.796576-05:00https://www.thetrustedinsight.com/investment-news/german-decommissioned-nuclear-plant-to-become-800-mw1600-mwh-battery-pv-magazine-international-20231218343/
PreussenElektra has revealed plans to potentially develop Europe's largest battery storage facility at the decommissioned Brokdorf nuclear power plant site in Germany, with 800 MW/1,600 MWh of capacity. The site operator now needs to secure approval to dismantle the nuclear plant.
Storied Us Steel To Be Acquired For More Than $14B By Nippon Steel
2023-12-18T09:31:05.882487-05:00https://www.thetrustedinsight.com/investment-news/storied-us-steel-to-be-acquired-for-more-than-14b-by-nippon-steel-20231218339/
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. Nippon, which will pay $55 per share for U.S. Steel, said Monday that the deal will bolster its manufacturing and technology capabilities. It will also expand Nippon’s production in the U.S. and add to its positions in Japan, India and the ASEAN region.
Jubilee Metals In Partnership To Invest In Copper Waste Rock Asset -december 12, 2023 At 03:44 Am Est | Marketscreener
2023-12-12T06:06:08.869104-05:00https://www.thetrustedinsight.com/investment-news/jubilee-metals-in-partnership-to-invest-in-copper-waste-rock-asset-december-12-2023-at-0344-am-est-marketscreener-20231212079/
(marketscreener.com) Jubilee Metals Group PLC said on Tuesday it had secured one of the largest copper waste rock assets in Zambia and formed a strategic partnership that will invest in this "significant" dump. The London-based metal processing company with projects in South Africa and Zambia estimates the waste rock material on surface at more than 350 million...https://www.marketscreener.com/quote/commodity/LME-COPPER-CASH-16161/news/Jubilee-Metals-in-partnership-to-invest-in-copper-waste-rock-asset-45548253/?utm_medium=RSS&utm_content=20231212.
Rio Tinto Plans $6.2B Investment In Guinea Iron Ore Project
2023-12-05T22:01:06.628531-05:00https://www.thetrustedinsight.com/investment-news/rio-tinto-plans-62b-investment-in-guinea-iron-ore-project-HyhohPTqvQENbKi487U9KJ-20231205836/
Rio Tinto's single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient.
Evolution Mining To Buy 80% Stake In Australia's Northparkes Mine In $475M Deal
2023-12-04T20:01:09.889101-05:00https://www.thetrustedinsight.com/investment-news/evolution-mining-to-buy-80-stake-in-australias-northparkes-mine-in-475m-deal-20231204768/
Australia's Evolution Mining (OTCPK:CAHPF) said Monday it plans to raise A$525M (~US$347M) in equity to acquire an 80% stake in the Northparkes copper-gold mine in New South Wales from Chinese miner CMOC Group for as much as US$475M. Evolution (OTCPK:CAHPF) said it will fund the acquisition via a A$525M fully underwritten institutional placement and a new A$200M five-year term debt facility. The purchase will include an upfront payment of US$400M and up to US$75M in combined further payments linked to market prices, the company said.
Australia’s Evolution To Raise Equity, Buy Northparkes Copper-gold Mine
2023-12-04T19:01:17.132139-05:00https://www.thetrustedinsight.com/investment-news/australias-evolution-to-raise-equity-buy-northparkes-copper-gold-mine-20231204766/
The gold miner said it will purchase the Northparkes operation for up to US$475 million. :
https://www.wsj.com/business/energy-oil/australias-evolution-to-raise-equity-buy-northparkes-copper-gold-mine-4b64970d Evolution Mining said on Tuesday it will raise 525 million Australian dollars (US$348 million) in equity to buy an 80% stake in the Northparkes copper and gold mine in Australia’s New South Wales state from China’s CMOC Group. The Australian gold miner said it will purchase the Northparkes operation for up to US$475 million, including an upfront payment of US$400 million and up to US$75 million in combined further payments that are linked to market prices.
Rio Tinto Approves Next Study For Rhodes Ridge Iron Ore Project -december 04, 2023 At 05:24 Pm Est | Marketscreener
2023-12-04T19:01:07.934170-05:00https://www.thetrustedinsight.com/investment-news/rio-tinto-approves-next-study-for-rhodes-ridge-iron-ore-project-december-04-2023-at-0524-pm-est-marketscreener-20231204765/
(marketscreener.com)
By Rhiannon Hoyle
Rio Tinto said on Tuesday it has approved a $77 million pre-feasibility study for the Rhodes Ridge iron ore project in Western Australia's Pilbara region, a development that could underpin the miner's giant iron-ore operations in the area for decades to come. The miner called Rhodes Ridge one of the world's best...https://www.marketscreener.com/quote/stock/RIO-TINTO-PLC-9590196/news/Rio-Tinto-Approves-Next-Study-for-Rhodes-Ridge-Iron-Ore-Project-45497543/?utm_medium=RSS&utm_content=20231204.
Uranium Energy Corp.: The Best Uranium Stock To Buy (nyse:uec)
2023-12-04T12:36:16.344905-05:00https://www.thetrustedinsight.com/investment-news/uranium-energy-corp-the-best-uranium-stock-to-buy-nyseuec-20231204750/
I describe in simple terms why nuclear energy is important, what nuclear fuel is and how to think about it, and why there's a change in the political wind toward accepting nuclear energy to complement the energy transition. Uranium, as the primary fuel for nuclear energy, plays a pivotal role in our journey towards achieving net-zero carbon emissions. Nuclear power stands as a low-carbon energy source with the capability to generate vast amounts of electricity consistently.
Nickel Ore Processing Plant That Will Supply Tesla Strikes Deal To Spend $115M In Federal Funds
2023-12-01T21:31:06.139337-05:00https://www.thetrustedinsight.com/investment-news/nickel-ore-processing-plant-that-will-supply-tesla-strikes-deal-to-spend-115m-in-federal-funds-20231201677/
Developers of a proposed nickel ore processing plant in North Dakota that would supply electric automaker Tesla have reached a deal with the U.S. Department of Energy on how to spend nearly $115 million the federal agency awarded the project last year.
Tata Steel Completes Merger Of S & T Mining Company With Itself
2023-12-01T13:31:06.231978-05:00https://www.thetrustedinsight.com/investment-news/tata-steel-completes-merger-of-s-t-mining-company-with-itself-20231201663/
Tata Steel on Friday said it has completed the merger of S & T Mining Company Ltd with itself. The scheme of amalgamation of S & T Mining Company Ltd ('S&T Mining') into and with Tata Steel Ltd was approved and sanctioned by National Company Law Tribunal (NCLT) Kolkata vide order dated November 10, 2023, according to a filing. "...scheme of amalgamation has become operative and effective from today i.e., December 1, 2023. In terms of the scheme of amalgamation, S&T Mining stands dissolved without being wound up, effective December 1, 2023," it said.
Nippon Steel To Hunt For More Coking Coal, Iron Ore Assets-executive - Cna
2023-11-29T14:01:10.429390-05:00https://www.thetrustedinsight.com/investment-news/nippon-steel-to-hunt-for-more-coking-coal-iron-ore-assets-executive-cna-20231129568/
TOKYO : Nippon Steel, the world's No.4 steelmaker, will keep on hunting for stakes in coking coal and iron ore mines to ensure a stable supply of essential raw materials and mitigate the potential impact of price volatility, its executive said. A Glencore-led consortium, including Nippon Steel, sealed one of the mining sector's biggest deals in years this month, agreeing to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion. The Japanese company will pay around $1.34 billion for a 20 per cent stake.
Greenpeace Activists Are Costing Deep Sea Mining Company $1M Daily By Occupying Its Ship In The Middle Of The Pacific, Lawsuit Says
2023-11-28T20:01:06.849250-05:00https://www.thetrustedinsight.com/investment-news/greenpeace-activists-are-costing-deep-sea-mining-company-1m-daily-by-occupying-its-ship-in-the-middle-of-the-pacific-lawsuit-says-20231128519/
Next year, the company plans to apply for the world’s first license to mine the deep sea for valuable minerals in international waters.
Panama’s Supreme Court Rules Against Major Copper Mine
2023-11-28T14:01:06.450820-05:00https://www.thetrustedinsight.com/investment-news/panamas-supreme-court-rules-against-major-copper-mine-20231128507/
The ruling jeopardizes the future of one of the world’s largest copper mines. Company shares fall and copper prices rise on supply concerns.
Arcelormittal S.africa To Close Long Steel Ops, Cut 3,500 Jobs
2023-11-28T06:06:24.742948-05:00https://www.thetrustedinsight.com/investment-news/arcelormittal-safrica-to-close-long-steel-ops-cut-3500-jobs-20231128481/
ArcelorMittal South Africa on Tuesday said it plans to close its long steel operations due to weak demand and persistent infrastructure problems, potentially impacting 3,500 jobs.
Biden’s Electric-vehicle Push Hits A Speed Bump
2023-11-21T13:31:07.409233-05:00https://www.thetrustedinsight.com/investment-news/bidens-electric-vehicle-push-hits-a-speed-bump-20231121298/
Mining projects are being delayed after a plunge in prices for metals used in batteries. :
https://www.wsj.com/finance/commodities-futures/bidens-electric-vehicle-push-hits-a-speed-bump-1f3bc431 A surprising crash in prices for lithium, cobalt and other metals used in EV batteries is hitting mining companies, which are suspending or delaying new projects and expansions. The disruptions are threatening to deepen shortages of those materials in coming years and hit the brakes on the Biden administration’s timeline for weaning the country off gas-powered cars.
China's Mmg Seals $1.9B Deal To Buy Khoemacau Copper Mine In Botswana - Cna
2023-11-21T06:01:18.427104-05:00https://www.thetrustedinsight.com/investment-news/chinas-mmg-seals-19b-deal-to-buy-khoemacau-copper-mine-in-botswana-cna-20231121257/
:Chinese miner MMG Ltd's share price jumped on Tuesday to a near eight-week peak after it agreed to buy Canada-based Cuprous Capital, the parent company of the Khoemacau copper mine in Botswana, with an enterprise value of $1.88 billion. MMG has been hunting for copper assets for more than a year, amid a surge in demand for the metal needed in green energy transition. Shares of MMG rose as much as 7.5 per cent to HK$2.45 in morning trading, the highest since Sept. 29 and marking their biggest one-day percent gain since April 14.
Mmg Plans To Buy Copper Mine In Africa For $1.88B
2023-11-20T22:02:45.504256-05:00https://www.thetrustedinsight.com/investment-news/mmg-plans-to-buy-copper-mine-in-africa-for-188b-20231120255/
Chinese government-backed mining company MMG is acquiring a copper mine in southern Africa as it looks to bolster its stockpile of a metal that is in high demand.
Chinese Metal Miner Mmg Buys Parent Of Botswana’s Khoemacau Copper Mine For Us$1.88 Billion | South China Morning Post
2023-11-20T22:02:34.406004-05:00https://www.thetrustedinsight.com/investment-news/chinese-metal-miner-mmg-buys-parent-of-botswanas-khoemacau-copper-mine-for-us188-billion-south-china-morning-post-20231120254/
The metals miner said it had entered into a share purchase agreement worth US$1.88 billion to buy Canada-based Cuprous Capital, the parent company of the copper mine, amid a surge in demand for the metal needed in green energy transition.
Hindalco Offers Vr Tour Of Sustainable Mining Initiatives At Iitf
2023-11-17T06:31:06.484883-05:00https://www.thetrustedinsight.com/investment-news/hindalco-offers-vr-tour-of-sustainable-mining-initiatives-at-iitf-20231117106/
Aditya Birla Group firm Hindalco Industries is offering visitors a virtual reality tour of its sustainable mining initiatives at the mining pavilion of the India International Trade Fair (IITF) here. The virtual reality tour at IIFT captures Hindalco's sustainability initiatives, including sustainable land use, waste management, local economic development, biodiversity, water stewardship, health and safety and decarbonisation. Hindalco Industries Ltd is showcasing its array of sustainability initiatives through a special immersive virtual reality presentation at the Mining Pavilion of the India International Trade Fair 2023 being held at Pragati Maidan in the national capital from November 14-27.
Wind And Solar Energy Are Booming In Surprising Places
2023-11-15T18:01:06.071247-05:00https://www.thetrustedinsight.com/investment-news/wind-and-solar-energy-are-booming-in-surprising-places-20231115046/
Funneling clean energy cash toward areas that have relied economically on coal, oil, and gas has been a top Biden administration priority.
A New Iron Ore Mine 'every Year To The End Of This Decade', But Who Will Be The Buyers? - Abc News
2023-11-13T16:01:07.072273-05:00https://www.thetrustedinsight.com/investment-news/a-new-iron-ore-mine-every-year-to-the-end-of-this-decade-but-who-will-be-the-buyers-abc-news-20231113956/
Australia's leading iron ore miners are starting to diverge on their views about future demand for the commodity that's vital to our economy, and it's showing up in their investment decisions.
Copper Market Slump Threatens Shift To Wind Power, Electric Cars
2023-11-12T06:01:44.974366-05:00https://www.thetrustedinsight.com/investment-news/copper-market-slump-threatens-shift-to-wind-power-electric-cars-meveM7rKbAKwK6WuLLeNdJ-20231112911/
https://www.wsj.com/finance/commodities-futures/copper-market-slump-threatens-shift-to-wind-power-electric-cars-d2370798 Mining firms will need to dig up gigantic amounts of new copper over the next several years to supply the transition to renewables. But demand is slumping right now from manufacturers and builders who use the metal in everything from electrical wire to roofing.
Copper Market Slump Threatens Shift To Wind Power, Electric Cars
2023-11-11T09:31:29.471387-05:00https://www.thetrustedinsight.com/investment-news/copper-market-slump-threatens-shift-to-wind-power-electric-cars-20231111904/
Green-energy transition requires increasing supplies, but demand is waning. :
https://www.wsj.com/finance/commodities-futures/copper-market-slump-threatens-shift-to-wind-power-electric-cars-d2370798 Mining firms will need to dig up gigantic amounts of new copper over the next several years to supply the transition to renewables. But demand is slumping right now from manufacturers and builders who use the metal in everything from electrical wire to roofing.
Electricity Prices Australia: How Your Electricity Bill Gets Worked Out
2023-11-09T14:01:18.882634-05:00https://www.thetrustedinsight.com/investment-news/electricity-prices-australia-how-your-electricity-bill-gets-worked-out-20231109847/
Many of us got a (bill) shock in July when prices spiked. Why aren’t renewables making our bills cheaper? What’s behind the cost of our power?
Green Energy Could Save 181 Million Years Of Healthy Human Life
2023-11-08T20:01:06.659531-05:00https://www.thetrustedinsight.com/investment-news/green-energy-could-save-181-million-years-of-healthy-human-life-20231108811/
Switching from fossil fuels to renewable energy wouldn't just help climate change, it could save lives and keep people healthier, a new report shows.
U.k. Crime Agency Says Russia Using Gold To Evade Sanctions
2023-11-08T12:31:17.737096-05:00https://www.thetrustedinsight.com/investment-news/uk-crime-agency-says-russia-using-gold-to-evade-sanctions-20231108799/
Gold exported from Russia since July 2022 is "increasingly being shipped to countries that do not apply sanctions on Russian gold," said the NCA.
Australia's Tietto Minerals Urges Rejection Of Chinese Firm's Takeover Offer
2023-11-02T21:01:06.804025-04:00https://www.thetrustedinsight.com/investment-news/australias-tietto-minerals-urges-rejection-of-chinese-firms-takeover-offer-20231102529/
Tietto Minerals said on Friday a takeover offer by a unit of China's Zhaojin Mining Industry "materially undervalues" the Australian gold company.
Cobalt Mining Company Hopes For Federal Government Investment Amid Other Critical Mineral Projects - Abc News
2023-11-02T18:31:07.004283-04:00https://www.thetrustedinsight.com/investment-news/cobalt-mining-company-hopes-for-federal-government-investment-amid-other-critical-mineral-projects-abc-news-20231102522/
A company working to establish a cobalt mining and processing project using a deposit near Broken Hill aims to eventually become the largest producer of ethical cobalt in the world and hopes access to a federal government loan scheme will help them get there.
Australia Doubles Critical Minerals Funding With $1.2bn Boost - Nikkei Asia
2023-10-25T16:01:07.659171-04:00https://www.thetrustedinsight.com/investment-news/australia-doubles-critical-minerals-funding-with-12bn-boost-nikkei-asia-20231025185/
SYDNEY -- Australia will expand financing for the critical minerals sector by 2 billion Australian dollars ($1.26 billion), Prime Minister Anthony Albanese said Wednesday, doubling its funding as the country looks to reduce reliance on China. Canberra created the AU$2 billion Critical Minerals Facility in 2021 to finance mining and processing projects by businesses. The government will double the money for this facility, which helps Australia provide materials tied to clean energy technologies but which are vulnerable to supply chain risks.
Column-thailand's Lng Boom Risks Slowing Se Asia Energy Transition: Maguire | Nasdaq
2023-10-25T07:01:07.099545-04:00https://www.thetrustedinsight.com/investment-news/column-thailands-lng-boom-risks-slowing-se-asia-energy-transition-maguire-nasdaq-20231025153/
Thailand has jumped from eleventh to eighth in the world ranking for imports of liquefied natural gas (LNG), after purchases through October soared 25% from the same period in 2022.
Standard Bank To Target Critical Minerals In Congo, Zambia
2023-10-23T07:03:17.549970-04:00https://www.thetrustedinsight.com/investment-news/standard-bank-to-target-critical-minerals-in-congo-zambia-20231023040/
THE Democratic Republic of Congo (DRC) was set to become an important focus of investment for Standard Bank as the country owned minerals critical to energy transition, said News24 citing the South African bank. “It’s not just about renewable energy projects,” CEO of Standard Bank’s corporate and investment banking (CIB) unit, Kenny Fihla, told News24. […]
The post Standard Bank to target critical minerals in Congo, Zambia appeared first on Miningmx.
Mongolia Opens Way For Uranium Mining With $1.7bn French Deal - Nikkei Asia
2023-10-12T23:31:06.455251-04:00https://www.thetrustedinsight.com/investment-news/mongolia-opens-way-for-uranium-mining-with-17bn-french-deal-nikkei-asia-20231012666/
PARIS -- France and Mongolia have signed a 1.6 billion euro ($1.7 billion) deal that paves the way for the mining of uranium in the landlocked country, the chairman of French nuclear energy provider Orano told Nikkei Asia on Thursday. Under the framework agreement, Orano will operate the Zuuvch-Ovoo mine in southwestern Mongolia, with the aim of laying a foundation stone next year and beginning production around 2028. Both countries will also cooperate in searching for lithium using satellite imagery.
Coal Industry Faces 1 Million Job Losses From Global Energy Transition - Research | Nasdaq
2023-10-09T22:31:06.528552-04:00https://www.thetrustedinsight.com/investment-news/coal-industry-faces-1-million-job-losses-from-global-energy-transition-research-nasdaq-20231009484/
The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing the biggest losses, research showed on Tuesday.
Volcano Energy Bitcoin Mining Pool Goes Live
2023-10-04T09:31:06.858714-04:00https://www.thetrustedinsight.com/investment-news/volcano-energy-bitcoin-mining-pool-goes-live-20231004264/
Volcano Energy and Luxor Technology Corporation launch El Salvador's first Bitcoin mining pool powered by renewable geothermal energy. :
Today, Volcano Energy and Luxor Technology Corporation have officially unveiled Lava Pool, El Salvador's inaugural Bitcoin mining pool powered by abundant renewable geothermal energy. Volcano Energy, a unique public-private partnership committed to contributing 23% of its net income to the Salvadoran government, will exclusively mine blocks through Lava Pool. “Lava Pool is another example of El Salvador’s first mover advantage as a nation-state in the Bitcoin ecosystem,” said Volcano Energy's CSO, Gerson Martinez.
Need For Critical Metals Poses Dilemmas For Investors - Latest News
2023-09-28T07:01:18.342264-04:00https://www.thetrustedinsight.com/investment-news/need-for-critical-metals-poses-dilemmas-for-investors-latest-news-20230928005/
Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects.
Sumitomo Metal To Invest In Canada's Nano One To Collaborate On Battery Material - Cna
2023-09-25T08:31:16.580121-04:00https://www.thetrustedinsight.com/investment-news/sumitomo-metal-to-invest-in-canadas-nano-one-to-collaborate-on-battery-material-cna-20230925836/
TOKYO : Japan's Sumitomo Metal Mining said on Monday it will invest 16.9 million Canadian dollars ($12.5 million) in Canada's battery material company Nano One Materials to collaborate on manufacturing technology for the material. The move comes after Japan and Canada agreed to work more closely together to establishing sustainable and reliable global battery supply chains. Sumitomo Metal supplies the nickel-cobalt-aluminium (NCA) cathode materials for the Panasonic lithium-ion batteries used in Tesla electric vehicles (EVs).
South Africa: Copper Boom Sparks Conflict Between Mine And Residents Of Northern Cape Town
2023-09-19T07:06:25.084766-04:00https://www.thetrustedinsight.com/investment-news/south-africa-copper-boom-sparks-conflict-between-mine-and-residents-of-northern-cape-town-20230919570/
[GroundUp] We visited Concordia, where 29 people were arrested for protesting against a mine. :
Conflict has erupted in Concordia, a small and rocky town of 5,000 people in the copper district of the Northern Cape. Copper 360, a JSE-listed mining company, has started mining in the town through its subsidiary Shirley Hayes-IPK (SHiP). Over the next few years, the company intends to extract thousands of tonnes of copper. This comes after Copper 360 announced a massive increase in its copper resources in the area.
Amid Saudi Construction Boom, Kingdom Turns To Mining
2023-09-15T08:36:09.485882-04:00https://www.thetrustedinsight.com/investment-news/amid-saudi-construction-boom-kingdom-turns-to-mining-20230915420/
Vision 2030: Mining to add $1.3t to Saudi construction boom’s already massive one trillion dollarsALBAWABA – Saudi Arabia is looking to invest billions in the minerals and mining sector to tap into an estimated $1...
Ausgold Buys Wa Farmland To Progress Katanning Gold Mine Development - Abc News
2023-09-14T23:31:07.320718-04:00https://www.thetrustedinsight.com/investment-news/ausgold-buys-wa-farmland-to-progress-katanning-gold-mine-development-abc-news-20230914404/
Ausgold's boss says while there are mixed views on the "change of identity" that comes with a shift from farming to mining, his company doesn't want to "just drop this on top of Katanning".
China's Enn Natural Gas To Sell Coal Miner For $915M To Focus On Main Business -today At 09:58 Am| Marketscreener
2023-09-12T10:31:26.212495-04:00https://www.thetrustedinsight.com/investment-news/chinas-enn-natural-gas-to-sell-coal-miner-for-915m-to-focus-on-main-business-today-at-0958-am-marketscreener-20230912272/
(marketscreener.com) ENN Natural Gas said on Tuesday it will sell its entire stake in its coal mining unit Xinneng Mining Industry for 6.67 billion yuan in a move to enhance the Chinese company's focus on natural gas and optimize its asset structure.https://www.marketscreener.com/quote/index/S-P-GSCI-NATURAL-GAS-INDE-46869167/news/China-s-ENN-Natural-Gas-to-sell-coal-miner-for-915-million-to-focus-on-main-business-44824577/?utm_medium=RSS&utm_content=20230912.
Getech Assists Nittetsu Mining In Copper Exploration In Peru
2023-09-07T11:31:05.887292-04:00https://www.thetrustedinsight.com/investment-news/getech-assists-nittetsu-mining-in-copper-exploration-in-peru-20230907128/
Getech, a world-leading locator of subsurface resources, has successfully assisted Nittesu Mining to identify favourable conditions for iron oxide copper gold (IOCG) minerals deposits in Peru. This analysis informed a multi-million-dollar investment decision in the country. LONDON, Sept....
Japan And U.k. Jointly Investing In Critical Minerals In Africa
2023-09-06T17:01:06.860679-04:00https://www.thetrustedinsight.com/investment-news/japan-and-uk-jointly-investing-in-critical-minerals-in-africa-20230906087/
Nations like Japan and the United Kingdom are looking to shore up the demand for critical minerals. They are pouring investments into countries like Africa, which can help on the supply end of the equation. The shift to alternative energy sources continues to ramp up. Japan and China are working in unison to ensure that [...]
The post Japan and U.K. Jointly Investing in Critical Minerals in Africa appeared first on ETF Trends.
Rio Tinto Appoints New Boss Of Its Aluminium Business | Daily Mail Online
2023-09-05T09:01:06.104972-04:00https://www.thetrustedinsight.com/investment-news/rio-tinto-appoints-new-boss-of-its-aluminium-business-daily-mail-online-20230905017/
Rio Tinto revealed that it has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. :
The group said that, Jérôme - who was until recently president and chief executive of General Electric (GE) Renewable Energy - will join the company on 23 October 2023. The Frenchman has over 30 years of business experience, including senior leadership roles in global companies in the mining and energy fields. In a statement, Rio Tinto said: [Jérôme] joined GE in 2015, when GE completed its acquisition of Alstom's energy activities, as president and CEO of GE Renewable Energy.
Commodities : Nigeria To Set Up Solid Minerals Corporation To Attract Investment - Today | Marketscreener
2023-09-03T16:31:06.839804-04:00https://www.thetrustedinsight.com/investment-news/commodities-nigeria-to-set-up-solid-minerals-corporation-to-attract-investment-today-marketscreener-20230903973/
(marketscreener.com) Nigeria plans to set up the
Nigerian Solid Minerals Corporation, a state-backed company to
help attract investments into the extraction of gold, coal,
iron-ore, bitumen, lead, limestone and baryte, a minister said
on Sunday. "The proposed corporation will seek and secure partnership
investment agreements with big multinational...https://www.marketscreener.com/news/latest/Nigeria-to-set-up-solid-minerals-corporation-to-attract-investment--44762128/?utm_medium=RSS&utm_content=20230903.
Taliban Sign Mining Contracts Worth $6.5B - Latest News
2023-09-02T07:01:17.917608-04:00https://www.thetrustedinsight.com/investment-news/taliban-sign-mining-contracts-worth-65b-latest-news-20230902960/
Afghanistan’s ruling Taliban government has said it signed seven mining contracts amounting to $6.5 billion in investment, in the biggest such round of deals since seizing power two years ago.
Coal Mining Concession Tied To Geo Energy’s Us$154 Million Acquisition Valued At Us$1 Billion
2023-08-24T10:01:06.543582-04:00https://www.thetrustedinsight.com/investment-news/coal-mining-concession-tied-to-geo-energys-us154-million-acquisition-valued-at-us1-billion-20230824619/
AN INDEPENDENT valuation report has given Indonesian coal producer Geo Energy Resources certainty that its recent US$154.1 million acquisition of 58.7 per cent of the issued shares of Indonesia-listed coal miner Golden Eagle Energy is value accretive.
Vedanta's Anil Agarwal Agrees To Pay Zambian Creditors, Says ‘money Will Never Be A Constraint’
2023-08-23T22:31:06.247496-04:00https://www.thetrustedinsight.com/investment-news/vedantas-anil-agarwal-agrees-to-pay-zambian-creditors-says-money-will-never-be-a-constraint-20230823589/
Vedanta Resources to pay $250m debt to creditors in Zambia after regaining control of seized copper mines. :
Vedanta Resources Ltd. has agreed to pay $250 million owed to its creditors in Zambia after it resumes control of the copper mines that were seized by former President Edgar Lungu's administration in 2019. Zambia government had accused Vedanta of paying too little tax and lying about its expansion plans while placing Konkola Copper Mines under provisional liquidation in 2019. However, current President Hakainde Hichilema wants to resolve the issue amicably, reported Bloomberg.
Study Finds 21st Century Mining Boom Across The Tropics Is Degrading Rivers
2023-08-23T12:31:28.969140-04:00https://www.thetrustedinsight.com/investment-news/study-finds-21st-century-mining-boom-across-the-tropics-is-degrading-rivers-20230823560/
Gold and mineral mining in and near rivers across the tropics is degrading waterways in 49 countries, according to a Dartmouth-led study. Published in Nature, the findings represent the first physical footprint of river mining and its hydrological impacts on a global scale.
What Harm Could One Coal Mine Do? 1.7 Million Hiroshima Bombs Of Heat For Starters, Says Physicist
2023-08-21T16:01:06.564984-04:00https://www.thetrustedinsight.com/investment-news/what-harm-could-one-coal-mine-do-17-million-hiroshima-bombs-of-heat-for-starters-says-physicist-20230821468/
This year, the Australian government rejected Clive Palmer's coal mine proposal—but approved three others. Over 100 more fossil fuel projects are in the decision pipeline.
Russian Miners, Chinese Investors Interested In Polymetal's Russian Assets -ft - Cna
2023-08-21T07:07:29.601913-04:00https://www.thetrustedinsight.com/investment-news/russian-miners-chinese-investors-interested-in-polymetals-russian-assets-ft-cna-20230821443/
MOSCOW : Russian miners and Chinese investors are among the parties interested in buying gold and silver producer Polymetal International's Russian assets, CEO Vitaly Nesis told the Financial Times. Polymetal had considered spinning off its Russian business after re-domiciling to Kazakhstan from Jersey, but U.S. sanctions imposed on its Russian assets complicated that process, forcing the group to seek a sale. Nesis last week said on an investor call that a sale was now the only reasonable option and that the company intended to sell within six to nine months.
China's Canmax Resolves Lithium Offtake Dispute With Premier African Minerals - Cna
2023-08-15T13:01:06.093748-04:00https://www.thetrustedinsight.com/investment-news/chinas-canmax-resolves-lithium-offtake-dispute-with-premier-african-minerals-cna-20230815225/
HARARE : China's Canmax Technologies and Premier African Minerals have resolved their dispute over a lithium concentrate supply contract that was delayed by a defective processing plant, the two companies said on Tuesday. The offtake agreement is for the supply of 48,000 metric tons of spodumene concentrate to Canmax from the London-listed Premier's Zulu lithium mine in Zimbabwe. This is in exchange for a $35 million cash injection Canmax made towards construction of the Zulu processing plant.
Coal Ministry To Invest ₹26,000 Cr In Railway Projects To Boost Multimodal Connectivity
2023-08-14T10:01:06.493802-04:00https://www.thetrustedinsight.com/investment-news/coal-ministry-to-invest-26000-cr-in-railway-projects-to-boost-multimodal-connectivity-20230814157/
This strategic step is aimed at optimizing coal transportation and streamlining the loading process. :
New Delhi: The coal ministry has announced plans to infuse ₹26,000 crore into a series of expansive railway projects to establish comprehensive multimodal connectivity. Aligned with the strategic framework of the national coal logistic plan, these endeavors underscore the integration of first-mile connectivity (FMC) through strategically positioned railway sidings adjacent to coal mines. This strategic step is aimed at optimizing coal transportation and streamlining the loading process.
H2 Green Steel Signs Agreements With Rio Tinto For Direct Reduction Iron Ore Pellets And Hot Briquetted Iron
2023-08-09T07:06:28.003606-04:00https://www.thetrustedinsight.com/investment-news/h2-green-steel-signs-agreements-with-rio-tinto-for-direct-reduction-iron-ore-pellets-and-hot-briquetted-iron-20230809995/
STOCKHOLM, Aug. 9, 2023 /PRNewswire/ -- H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden. The two companies have signed a multi-year supply agreement for...
Sibanye Stillwater Hopes To Offer A Metal Mosaic (nyse:sbsw)
2023-08-06T23:31:06.414425-04:00https://www.thetrustedinsight.com/investment-news/sibanye-stillwater-hopes-to-offer-a-metal-mosaic-nysesbsw-20230806856/
Sibanye Stillwater (NYSE:SBSW) is a South African metals company with hopes of significant expansion in the next 5 years. Through investment in both recycling and production initiatives globally, SBSW hopes to become a linchpin in the global metals market. Given its rising demand, significant investments in battery metals, especially Lithium, are critical for future growth. While electric vehicles are gaining popularity, a mix, including hybrids, will dominate the next decade, still providing tailwinds to PGM recycling and PGM mining businesses. SBSW will spend an estimated $500 million in FY23 on these expansion initiatives.
Lithium Processing Pilot Plant In Wa's Pilbara To 'bring Benefits To Community, Traditional Owners' - Abc News
2023-08-05T07:01:15.855315-04:00https://www.thetrustedinsight.com/investment-news/lithium-processing-pilot-plant-in-was-pilbara-to-bring-benefits-to-community-traditional-owners-abc-news-20230805826/
A Pilbara miner is trying to harness renewable energy to reduce carbon emissions from the very lithium it produces for products such as electric vehicle batteries.
How Texas Became A Global Mecca For Bitcoin Mining
2023-07-24T13:01:09.767181-04:00https://www.thetrustedinsight.com/investment-news/how-texas-became-a-global-mecca-for-bitcoin-mining-20230724291/
Miners have flocked to the state since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. “Bitcoin is all about freedom,” says one miner. “And in my dealings with the utilities and the regulators, Texas is all about freedom.”
Energy Agency Confirms Rising Demand For Critical Minerals
2023-07-24T12:01:06.860962-04:00https://www.thetrustedinsight.com/investment-news/energy-agency-confirms-rising-demand-for-critical-minerals-20230724284/
An International Energy Agency report confirmed that rising demand for critical minerals is occurring worldwide with lithium, cobalt, and nickel seeing an exponential rise in particular. A global focus on reducing carbon emissions is certainly a catalyst as more nations seek alternative energy sources. Electric vehicles (EVs), for example, are increasing in demand, thereby emphasizing [...]
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Freeport-mcmoran, Inc. (fcx) Stock Forecasts
2023-07-21T17:31:06.563336-04:00https://www.thetrustedinsight.com/investment-news/freeport-mcmoran-inc-fcx-stock-forecasts-20230721222/
Freeport-McMoRan is a leading international mining company based in Phoenix. It operates geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; the Morenci minerals district in North America; and the Cerro Verde and El Abra mines in South America. The company has approximately 26,000 employees. FCX shares are a component of the S&P 500.
Nevada’s Last Coal Power Plant May Cost $1.8B To Replace | Las Vegas Review
2023-07-20T07:06:51.678170-04:00https://www.thetrustedinsight.com/investment-news/nevadas-last-coal-power-plant-may-cost-18b-to-replace-las-vegas-review-20230720143/
The state’s largest public utility has announced details on how it will handle the closure of its coal power in Northern Nevada and when it will happen.