Industry news
BHP signs agreement to supply nickel to Tesla
22 july | deal
BHP has signed an agreement with Tesla for the supply of nickel. Tesla will receive nickel, which is a key metal used to make EV car batteries, from the BHP Nickel West project in Western Australia.
Moreover, the two parties agreed to collaborate to make the battery supply chain more sustainable by focusing on end-to-end raw material traceability using blockchain. The partners will also focus on technical exchange for the production of battery raw materials and promote the importance of sustainability in the resources sector.
BHP chief commercial officer Vandita Pant said: “Demand for nickel in batteries is estimated to grow by over 500% over the next decade, in large part to support the world’s rising demand for electric vehicles.”
The company will also team up with Tesla on energy storage solutions. The scope of work includes identifying opportunities to lower carbon emissions in their respective operations using clean energy and battery storage.
BHP minerals Australia president Edgar Basto said: “BHP produces some of the lowest carbon intensity nickel in the world, and we are on the pathway to net zero at our operations. Sustainable, reliable production of quality nickel will be essential to meeting demand from sustainable energy producers like Tesla."
21 july | commodities
Nornickel announces first batch of certified carbon-neutral nickel
Nornickel, the world’s largest producer of palladium and high-grade nickel, and a significant producer of platinum and copper, has announced its first batch of certified carbon-neutral nickel.
Nornickel achieved this through a joint strategy of upgrading its energy assets and introducing steps to cut CO2 emissions all every stage of its production chain.
The announcement is the culmination of a concerted effort to become “one of the industry’s most advanced and environmentally responsible companies”, according to Vladimir Potanin, president and chairman of the management board of MMC Norilsk Nickel.
This announcement follows Nornickel’s comprehensive environmental and climate change strategy set out in 2020, aimed at reducing its environmental footprint, keeping total Scope 1 & 2 greenhouse gas emissions under the GHG Protocol below 10mtpa, and maintaining its position in the bottom quartile of the global nickel industry for specific carbon dioxide emissions.
21 july | projects
Myanmar Metals plans to divest Bawdwin project amid political unrest
Australian-based Myanmar Metals is planning to either divest its 51% stake in the Bawdwin project or sell the company as a whole, as a result of political unrest in the country.
The move follows the completion of Myanmar Metals’ detailed review of its assets and operations in the country, due to the state of emergency declared in February 2021 after a military coup.
Amid the unstable operating environment, the firm is said to have been facing difficulties in raising capital of more than $300m required to develop the Bawdwin silver, lead, and zinc project.
Since the declaration of the state of emergency, all the parties that had earlier expressed interest in funding the project have withdrawn, the firm said.
However, Myanmar Metals stressed that the possibility of a sale is still uncertain, as is the valuation and timeframe of any potential deal.
21 july | projects
Rio Tinto to fund review of damages caused by Panguna mine
Rio Tinto has entered an agreement with Bougainville community members to fund an assessment of the environmental impacts caused by the abandoned Panguna copper mine on Bougainville Island, Papua New Guinea (PNG).
The move comes after several months of deliberations between the parties, facilitated by the Australian OECD National Contact Point (AusNCP). Represented by the Human Rights Law Centre (HRLC), the community residents have been urging Rio Tinto over the past year to assess the impact of millions of tonnes of mine waste.
The company has been accused for years of evading the responsibility for cleaning up the waste from the mine, which operated between 1972 and 1989. Rio Tinto had no access to the mine since the operations ceased because of an uprising against the mine and subsequent civil war.
In 2016, the company transferred its 53.8% stake in Bougainville Copper Limited, which serves as the mine operator, to the Autonomous Bougainville Government and the PNG Government.
Last year, a complaint was filed by HRLC with the AusNCP against Rio Tinto, citing its breaches of the OECD Guidelines for Multinational Enterprises relating to environmental and human rights impacts with regards to the Panguna mine.
9 july | sea mining
DeepGreen Metals launches new deep-sea research on battery metals
Canadian company DeepGreen Metals has launched a new deep-sea research campaign to meet the global demand for nickel and other battery metals.
The Environmental Expedition 4E research campaign will be conducted within the NORI-D contract area of the Clarion Clipperton Zone in the Pacific Ocean.
It follows the successful completion of the Environmental Expedition 5D research project on deep-sea food chains, biodiversity, geochemistry, and nutrient cycles in the site.
The two expeditions form part of a multi-year, $75m deep-sea research programme.
This programme is intended to establish an environmental baseline and assess the potential impacts of operations proposed by DeepGreen to source critical battery minerals from seafloor polymetallic nodules.
7 july | traceability
Alrosa introduces nanomarking technology to trace diamonds
Russian diamond miner Alrosa has introduced a new diamond-tracing technology using non-invasive laser marking to allow unique identification.
Unlike traditional laser engraving, this type of laser marking cannot be destroyed or polished off. It helps distinguish Alrosa’s diamonds from the rest, including lab-grown diamonds, and allows them to be identified, providing detailed information about the diamonds’ origins.
Tracing involves registering all stages of a diamond’s life from the mine to the jewellery store to guarantee its origin.
Alrosa’s non-invasive method for physically marking rough and polished diamonds has been developed with the help of scientists from the Russian Academy of Sciences, as well as Alrosa’s Research Geological Enterprise and the Yakutniproalmaz Institute.
In brief
Chalice Mining intends to demerge certain gold assets in Australia
Chalice Mining is planning to demerge its Pyramid Hill gold project and other gold assets in Australia.
Gascoyne and Firefly signs agreement to demerge certain exploration assets
Gascoyne Resources and Firefly Resources have signed a binding documentation to demerge their copper-gold and lithium exploration assets into a newly incorporated wholly owned subsidiary of Firefly, Firetail Resources.
Orosur Mining plans JV with Meridian for Brazilian tin project
Orosur Mining has signed a non-binding letter of intent with Meridian Mining to form a joint venture (JV) on Meridian’s Ariquemes tin project in Brazil.
Rio Tinto suspends operations at Richards Bay Minerals in South Africa
Rio Tinto has suspended mining and smelting operations at Richards Bay Minerals in South Africa amid escalation in community violence.
Glencore to fully acquire Cerrejón coal mine in Colombia
Glencore has signed a $588m agreement to acquire full ownership of the Cerrejón coal mine in Colombia from joint venture partners BHP and Anglo American.
6 july | traceability
Cornish Lithium and SCI partner to develop trust mark for UK-mined lithium
British eco-technology company Cornish Lithium has collaborated with Australian firm Source Certain International (SCI) to identify the origin of UK-mined lithium in lithium-ion batteries.
SCI’s trust mark technology is designed to trace the origin of lithium within a battery, down to the specific Cornish Lithium-operated mine site.
The project is expected to support the UK’s supply strategies related to critical minerals, including cobalt and lithium, which are needed for technologies such as electric vehicles.
Austrade calls the development of the new lithium trust mark technology "timely" as the demand for lithium compounds used in lithium-ion batteries is anticipated to grow with the increase in electric vehicle production.
Cornish Lithium and a consortium of companies are currently working to enable the production of commercially viable battery-grade lithium in Europe.
2 july | operations
Japan’s Itochu partners with Shell for decarbonisation of mining operations
Japanese investment firm Itochu has partnered with Shell International to help drive a reduced carbon footprint at its mining sites while increasing operational efficiency.
The collaboration is aimed at accelerating the digitalisation and decarbonisation of Itochu’s global mining operations.
By offering its expertise in decarbonisation and digitalisation pathways, Shell will enable the Japanese firm to find solutions that will help avoid, reduce, or offset emissions from its mining portfolio.
One of the solutions to be provided by Shell to Itochu is OREN, the business-to-business digital mining services marketplace launched by Shell and IBM.
The platform will offer digital transformation consultancy to Itochu and provide it with access to various digital and technology solutions for the mining sector.
In brief
Chalice Mining intends to demerge certain gold assets in Australia
Chalice Mining is planning to demerge its Pyramid Hill Gold Project and other gold assets in Australia.
Gascoyne and Firefly signs agreement to demerge certain exploration assets
Gascoyne Resources and Firefly Resources have signed a binding documentation to demerge their copper-gold and lithium exploration assets into a newly incorporated wholly owned subsidiary of Firefly, Firetail Resources.
Orosur Mining plans JV with Meridian for Brazilian tin project
Orosur Mining has signed a non-binding letter of intent with Meridian Mining to form a joint venture (JV) on Meridian’s Ariquemes tin project in Brazil.
Rio Tinto suspends operations at Richards Bay Minerals in South Africa
Rio Tinto has suspended mining and smelting operations at Richards Bay Minerals (RBM) in South Africa amid escalation in community violence.
Glencore to fully acquire Cerrejón coal mine in Colombia
Glencore has signed a $588m agreement to acquire full ownership of the Cerrejon coal mine in Colombia from joint venture partners BHP and Anglo American.