Articles for tag: critical, fuelling, Global, Minerals, protectionism, scramble

December 19, 2024

Ron Finklestien

mining

The Race for Essential Minerals: A Surge in Global Protectionism

Rising Resource Nationalism: A Shift in Global Energy and Mining Policies Verisk Maplecroft’s Resource Nationalism Index (RNI) has revealed a significant spike in protectionist policies affecting the energy and mining sectors worldwide. Focused on 198 countries, the index shows that the trend is particularly strong in Europe and North America, driven by geopolitical tensions and a changing global economy. The situation in Europe is especially noteworthy, with major economies like Germany, Spain, the UK, and Poland experiencing considerable drops in the RNI rankings. Germany has seen the most dramatic decline, falling 122 places. This shift reflects an aggressive push to

November 16, 2024

Ron Finklestien

mining

“IEA and India Join Forces for Enhanced Critical Minerals Data Analysis”

IEA and India Forge Partnership to Tackle Critical Minerals Waste Key Figures Unite in Response to Growing Mineral Demand The Memorandum of Understanding (MoU) was signed on November 13 by IEA Executive Director Fatih Birol and Indian Ministry of Mines Secretary Shri V.L. Kantha Rao at a workshop focused on the recycling of critical minerals. India’s Minister for Coal and Mines, Kishan Reddy, also attended the event. As demand for critical minerals rises alongside fluctuating prices and geopolitical uncertainties, ensuring security in supply has become a priority for policy makers globally, according to the IEA. The IEA is ramping up

May 26, 2024

Ron Finklestien

mining

Hudbay Minerals closes $402.5 million upsized public offering

In total, Hudbay issued over 42.36 million common shares priced at $9.50 each, including the full exercise of the underwriters’ overallotment for about 5.52 million shares. Originally, it had planned to issue 31.6 million shares plus a 15% overallotment. By midday Friday in New York, shares of Hudbay Minerals traded 2.9% higher at $9.57 apiece, for a market capitalization of $3.4 billion. In Toronto, its shares rose 1.6% to C$12.99 apiece, for a market capitalization of C$4.6 billion. As previously announced, the net proceeds will be used by Hudbay to accelerate mine pre-stripping activities and mill optimization initiatives at Copper

May 22, 2024

Ron Finklestien

mining

Lawyers representing Congo claim to have new evidence on Apple’s use of conflict minerals

Congo’s lawyers notified Apple CEO Tim Cook on April 22 about a series of concerns regarding its supply chain, and also wrote to Apple subsidiaries in France, demanding answers within three weeks. “It is more urgent than ever that Apple provide real answers to the very serious questions we have raised, as we evaluate our legal options,” said Congo lawyer Robert Amsterdam. “The absence of a response is an implicit admission that the questions we asked Apple were relevant,” added William Bourdon, another lawyer representing the country. According to the DRC’s lawyers, Apple’s silence can be seen, at the very

April 26, 2024

Ron Finklestien

mining

Mining People: Appia, C2C Metals, Lincoln Strategic, QI Minerals, Honey Badger, Atacama

Goldshore Resources  appointed Michael Henrichsen as CEO. Jaxon Mining said CFO and secretary Brian Crawford has resigned. Jane Banks has joined Lincoln Strategic, a leading recruitment firm specializing in the mining sector. Newmont named Francois Hardy as chief technical officer, replacing Dean Gehring. PACE Global named Nathan M. Stubina its new CEO. Quebec Innovative Materials named John Karagianidis as the new  president and CEO. Wesdome  – Michael Michaud is stepping down from the post at SVP exploration and resources  at Wesdome Gold Mines. Board changes: Atacama Resources has three new directors – John Grant, William MacRae, and Greg Praver. Gold

April 23, 2024

Ron Finklestien

mining

Rio Tinto donates $875,000 to Missouri University to research critical minerals recovery from waste

 “There is currently little-to-no production of these two elements in the United States, and we rely to an alarming extent on importing them,” Alagha says. “If successfully implemented, our research could lead to a much stronger domestic supply of these important resources.”  She says recovering gallium and germanium from the wastes created when processing copper is an unconventional approach, but this type of out-of-the-box thinking is necessary for the U.S. to have a more resilient supply of critical minerals.  Both gallium and germanium are more often recovered as a byproduct of other metal refining process, such as with aluminum, zinc and lead, but

March 29, 2024

Ron Finklestien

mining

Unlocking the Treasure Trove: Glencore’s Expanded Investment in Stillwater Critical Minerals

Dazzling Discoveries Unveiled The recent technical report in January 2023 showcased a staggering 1.6 billion lb. of nickel, copper, and cobalt nestled in the inferred resources of Stillwater Critical Minerals. Nestled within 255 million tonnes of material at an average grade of 0.39% nickel equivalent (or 1.19 g/t palladium equivalent), this treasure trove represents a 62% uptick in tonnage from its initial estimate. An Impressive Geological Landscape Within the 9-kilometer central area of the property, Stillwater district has witnessed a vibrant history of mining PGEs, nickel, copper, chromium, among other valuable commodities. The project is strategically positioned next to the

March 29, 2024

Ron Finklestien

mining

Shifting Sands: A Look Into the Recent Board Appointments in the Mining Industry

Montage Gold recently welcomed Constant Tia as their new Chief Financial Officer, adding a fresh perspective to their leadership team. The Winds of Change: Adventus Mining made a strategic move by appointing Maryse Belanger as a non-executive board member and chair, signaling a shift in their governance structure. Aranjin Resources saw a change in their board with the addition of David Wheeler following the departure of Peter Trow, reflecting a transition in leadership. Don Lindsay, the former CEO of Teck Resources, brings a wealth of experience to the board of BHP, illustrating a fusion of industry knowledge and institutional wisdom.

March 26, 2024

Ron Finklestien

mining

Fortune Minerals Secures Federal Support for Northwest Territories Initiative and Alberta Refinery

Fueling Canada’s Entry into the Cobalt Market Fortune Minerals, a prominent player in the mining industry, has clinched a significant investment from the federal government to bolster its project in the Northwest Territories and advance its Alberta refinery. This strategic move aims to position Canada directly in the burgeoning market of battery-grade cobalt and other concentrates, marking a departure from the conventional practice of shipping concentrates overseas for value-added processing. Government Backing From the CMRDD Program The financial backing for this endeavor stems from the Critical Minerals Research, Development, and Demonstration (CMRDD) program. This initiative is designed to propel the

March 26, 2024

Ron Finklestien

mining

Kodal Minerals Progresses Towards Lithium Production at Bougouni in Q4

Kodal Minerals Makes Strides With Supply Contracts and Permits Exciting news from Kodal Minerals as the company announced the signing of contracts for the supply of the crushing circuit and DMS modules from established suppliers in China. This development aligns with the company’s timeline for initiating production in the fourth quarter of 2024, as noted by CEO Bernard Aylward. The company also confirmed that the Bougouni Stage 1 dense media separation (DMS) circuit is fully financed and all required permits, including environmental and social permits, are in place. To add to the positive momentum, Kodal’s community development plan has recently