The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
$20m
The US Department of Energy (DoE) has announced its plans to provide $20m in financing for research aimed at ensuring the continued availability of rare earth elements in the US.
$4.78bn
State authorities and federal prosecutors have sent a joint petition seeking a judge’s order for Vale to freeze R$26.7bn ($4.78bn) in assets for ‘eventual restitution’ to the state of Minas Gerais.
50%
Multinational mining major BHP plans to reduce scope 2 emissions at its Queensland coal mines by 50% by the year 2025.
11%
Chile, the world's largest copper-producing nation, has reported an 11% drop in copper shipments from July to August.
The latest from Twitter
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PROJECT NEWS
Congo makes exceptions to export ban on cobalt, copper and tin
The Democratic Republic of the Congo (DRC) has given mining companies an ‘indefinite waiver’ to an export ban on cobalt hydroxide and carbonate.
The latest move comes after a meeting with the country’s biggest miners in the DRC’s capital city Kinshasa, Reuters reported.
Trump administration to reportedly block Alaska’s proposed Pebble deposit
The Trump administration is reportedly not ready to grant a permit for the controversial Pebble gold and copper mine in south-west Alaska, US.
The mine has recently drawn opposition from several Republicans, POLITICO reported, citing people familiar with the matter.
Zambia seeks to take control of Glencore subsidiary MCM
Zambia’s mining investment division ZCCM-IH is reportedly seeking a ‘controlling stake’ in Glencore subsidiary Mopani Copper Mines (MCM), according to the country’s Mines Minister Richard Musukwa.
AngloGold Ashanti, Barrick to sell stake in Morila gold mine
AngloGold Ashanti and Barrick Gold have agreed to sell their 80% stake in the Morila gold mine in southern Mali to Australian company Mali Lithium.
The Mali Government holds the remaining 20% ownership of the gold mine.
Further reading
Rio Tinto’s ongoing Oyu Tolgoi woes bring politics back into project
Oyu Tolgoi, in the South Gobi region of Mongolia, has been touted by operator Rio Tinto as one of the world’s largest copper-gold deposits. But the mine’s underground extension project has had its share of problems recently, with the Covid-19 pandemic exacerbating development struggles and Rio Tinto confirming delays and a cost blow-out of up to $1.9bn earlier this year.
Source: Mining-Technology
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