Articles for tag: Aberdeen, Asia, central, Metals, Minerals, stake, takes

March 25, 2024

Ron Finklestien

mining

Central Asia Metals Embraces Aberdeen Minerals

A Reinvigorated Exploration Ventures Central Asia Metals (CAM) has made a strategic move by acquiring a significant 28% stake in Aberdeen Minerals, a promising junior raw battery materials explorer in Aberdeenshire, Scotland. Holding a 7,400-hectare land package, Aberdeen Minerals has already uncovered a copper-nickel-cobalt deposit at its Arthrath project, an area originally unveiled by Rio Tinto back in 1968. This partnership signifies a bold step towards fostering exploration ventures, breathing new life into the dormant mining potential of the region. UK’s Critical Materials Prospects Last year, the British Geological Survey (BGS) released a comprehensive report pinpointing key areas in the

February 29, 2024

Ron Finklestien

mining

Golden Minerals stops mining at Velardeña two months after restart

Golden Minerals Ceases Mining Operations at Velardeña Disappointing Performance at Velardeña Mines Emerging news from the Golden Minerals camp hasn’t exactly been gold-standard. Just when the Velardeña mines were gearing up for a triumphant return, fate had other plans. The resumption of operations at Velardeña marked a significant milestone, with the production of gold-rich pyrite flotation concentrates commencing a month prior. However, hopes of a bountiful financial harvest were dashed as mining activities hit a roadblock. A cocktail of low metal prices, mining dilution, and metallurgical hurdles forced a halt in operations. Rethinking Strategies at Velardeña Properties The tides have

February 23, 2024

Ron Finklestien

mining

The Glittering Success of Hudbay Minerals in 2023

Record Production Sparks Investor Excitement Hudbay Minerals has emerged as a shining star in the mining industry, with its shares soaring on the back of record-breaking revenue for the year 2023. The company recently revealed its operational results, showcasing an impressive performance that left investors beaming with delight. Operational Prowess Unveiled Highlighting its operational prowess, Hudbay Minerals reported a consolidated copper production of 45,450 tonnes and a record-breaking consolidated gold production of 112,776 ounces in the final quarter. These exceptional numbers were driven by sustained high grades at the Pampacancha deposit in Peru and the Lalor mine in Manitoba, along

February 7, 2024

Ron Finklestien

mining

Pilbara Minerals Strikes New Offtake Deal with Chengxin Pilbara Minerals Strikes New Offtake Deal with Chengxin

Adding a new page to its expanding business, Pilbara Minerals has emerged triumphant in developing and securing an upgraded off-take deal with Chengxin. The revised agreement spans a hearty schedule, encompassing sales of 85,000 tonnes in calendar 2024, followed by 150,000 tonnes in both 2025 and 2026, greatly expanding and prolonging the deal until 2026, the miner cheerily announced. The sales to Chengxin, a key supplier to renowned companies such as Hyundai Motor, CATL, BYD and LG Chemical, will be conducted based on the prevailing market price, congruent with the existing agreement, the Australian miner revealed, brimming with optimism. Not

February 4, 2024

Ron Finklestien

mining

Argentinian-German Collaboration: Navigating Critical Minerals Argentinian-German Collaboration: Navigating Critical Minerals

High-level officials from Argentina and Germany recently engaged in a pivotal discussion centered on critical minerals. The Argentinian delegation, led by the Secretary of Mining and accompanied by the governors, engaged in a meaningful dialogue with 15 deputies from the German Chamber of Deputies’ Economic Affairs Commission. Indeed, the German representatives displayed a noteworthy interest in the exploration and production of critical minerals, such as copper and lithium, in Argentine territory. The discourse predominantly revolved around the pivotal role that Argentina can play in the global energy transition, particularly concerning the EU as the block moves toward supplier diversification, highlighting

February 2, 2024

Ron Finklestien

mining

British Columbia Coalfields: A Promising Source of Critical Minerals British Columbia coalfields could become critical minerals source – report

Exploring British Columbia’s Potential Role in Critical Mineral Supply Arca Climate Technologies, New Gold Inc., and Geoscience BC, with program support from the Ministry of Energy, Mines and Low Carbon Innovation’s Abandoned Mines Branch, recently launched a pilot project that may have far-reaching implications.

February 1, 2024

Ron Finklestien

mining

Japan’s Strategic Move: Recognizing Uranium as Critical Mineral

The Significance of Japan’s Stance Japan’s acknowledgement of uranium as a critical mineral in the wake of Fukushima accident exhibits a strategic move. The country, despite having no domestic production and relying solely on imports from countries such as Australia, Canada, and Kazakhstan, has recognized the imperative nature of securing its uranium supply. Building Resilience through Inclusion The inclusion of uranium in Japan’s critical minerals list is poised to be a groundbreaking step. This acknowledgment is set to fortify Japan’s ability to allocate more funds and resources toward uranium-related research and development, thus strengthening its endeavors to ensure a stable

February 1, 2024

Ron Finklestien

mining

Chinese Mining Company Extends Offer for Tietto Minerals Chinese Mining Company Extends Offer for Tietto Minerals

Just when Tietto Minerals thought they could breathe easy after the commencement of production at the Abujar gold mine in Côte d’Ivoire last January, along comes Zhaojin with an offer, a seemingly insufficient offer. Tietto wasted no time raising their objections, recommending its shareholders to spurn Zhaojin’s advances, claiming the offer grossly underestimated the company and its linchpin project. Tietto did not mince words, slamming Zhaojin for mischievously choosing this moment to come calling, right after their flagship mine showed its potential for greatness. In a record date filing from November, Tietto revealed that Grant Thornton, an independent expert deemed