The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
$586,000
The EU’s Court of Justice has levied a $586,000 a day fine at the Polish Government for continuing to operate the Turow lignite mine on the Czech border, despite safety concerns.
6.8%
Global nickel production is expected to reach 2.4 million tonnes this year, an increase of 6.8% over 2020, with Brazil and Indonesia leading the increases in production.
100,000 tonnes
XTC has unveiled plans for a lithium battery metals facility in China, which will boast an annual production of 100,000 tonnes of lithium ion phosphate and receive $1.6bn in funding.
2022
By the end of next year, Swedish technology firm Epiroc aims to deliver mining equipment and services to aid in iron mine expansion in China. The deal is valued at $23.21m.
30 years
The SLACCtt charity has opened a month-long inquiry into a coal mine operated by West Cumbia Mining. Should it go ahead, the mine will be the first new coal mine in the UK in 30 years.
Project updates
Barrick Gold has signed an option agreement with Kenorland Minerals to acquire a stake in the South Uchi project in Ontario, with an option to earn a 70% interest.
State-owned Ghanian miner GIADEC has selected Rocksure to develop a $1.2bn bauxite mine in Ghana, with close to one billion tonnes of bauxite identified in the country.
Sylla Gold has signed a definitive option agreement to acquire an indirect 100% interest in an exploration permit at the Niaouleni Project in southern Mali.
Vertical Exploration has obtained full quarry permitting approval from the Quebec Government for its St-Onge Wollastonite project, earning a 2% net smelter royalty.
China’s Shenzhen Chengxin Lithium Group and an affiliate of Indonesian firm Tsingshan have agreed to invest in a $350m lithium plant in Indonesia to help meet the growing demand from the electric vehicle battery sector.
FURTHER READING
ABB unveils new solution suite to support zero-carbon mining
Swiss automation firm ABB has introduced ABB Ability eMine, a new portfolio of electrification and digital systems to accelerate decarbonisation in the mining sector.
Currently in the pilot phase, the ABB Ability eMine FastCharge system is designed to provide high-power electric charging for haul trucks. Designed for adverse environments, eMine FastCharge allows for installation anywhere and can charge any electric truck without human intervention at up to 600kW.
Source: Mining Technology
