Articles for tag: granted, Magnesium, mining, rights, Romania, Verde

April 22, 2024

Ron Finklestien

mining

Verde Magnesium granted mining rights in Romania

The mine could be the first new European magnesium metal project in decades and produce as much as 90,000 tonnes of magnesium a year, accounting for around 50% of the European Union’s demand. The main use for the metal is in aluminum alloying, as the addition of magnesium produces high-strength, corrosion-resistant alloys. They are commonly used in the making of beverage cans and as structural components of automobiles and machinery. Verde, which aims to become the EU’s first dedicated primary metallic magnesium producer, also plans to build processing facilities that would use renewable power to recycle aluminum. Over 90% of

January 21, 2024

Ron Finklestien

mining

The Transformation of Glencore’s Lomas Bayas: Impact on Water Rights

Chile’s Loa River, extending 440 kilometers, holds distinction as the country’s longest waterway and the primary river in the Atacama Desert. Minera Lomas Bayas’ general manager, Pablo Carvallo, declared on social media, “This is a historic milestone representing our commitment to sustainable development. Our aim is to enhance the productivity and innovation of our production processes, responsibly and in sync with communities and the environment. Through this accord, we anticipate ameliorating living conditions in the Calama Oasis and contributing to the conservation of crucial ecosystems within our spheres of influence.” Carvallo underscored that relinquishing water rights signifies the company’s quest