Production/Operations
Mincor nickel production ramping up (MiningNews.net)
NICKEL producer Mincor Resources says it has reached an inflection point in the ramp-up of its Kambalda operations with increased material movement and production. Lateral development for the December quarter was steady at 2547 tonnes.
NickelSearch is eagerly awaiting assays after identifying sulphides in several holes from a completed 1357m reverse circulation drill program. NickelSearch (ASX:NIS) is aiming to build on a 171,000t resource base across the Carlingup project on WA’s south coast
From coal miners to conglomerates, Indonesia’s burgeoning electric vehicle and battery scene is attracting broad local corporate interest buoyed by the country’s rich nickel resources and government promises of incentives.
Kolosori Nickel Project Definitive Feasibility Study Delivers Highly Attractive Economics (PACIFIC NICKEL)
Pacific Nickel Mines Limited (ASX Code: PNM) (Pacific Nickel or the Company) is pleased to advise that the Company has completed a Definitive Feasibility Study (DFS or Study) for its Kolosori Laterite Nickel Direct Ship Ore (DSO) Project (Kolosori Nickel Project or the Project)
Maximus Resources on verge of multi-target aircore campaign at Spargoville Gold-Nickel Project in WA (Proactiveinvestors)
Maximus Resources Ltd (ASX:MXR) is about to kick off a 6,500-metre multi-target gold and nickel aircore drill program at the Spargoville Project, 25 kilometres from BHP’s Nickel Concentrator in the world-class Kambalda district of Western Australia.
Talon Metals (TSX:TLO) Confirms Potential High-Grade Nickel Mineralization System at Tamarack Project (Mining Feeds)
Talon Metals (TSX:TLO) has intercepted a new high-grade nickel-copper mineralization approximately 2 miles outside of the current nickel-copper resource area at the Tamarack Nickel-Copper-Cobalt Project in Minnesota.
Metal Energy Video Update on Wide Nickel Mineralization at Manibridge Project (The Wall Street Journal)
Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the “Company” or “Metal Energy”) is pleased to provide a video on the wide nickel and copper-cobalt mineralization at the Manibridge Project (the “Project” or “Manibridge”) in the Thompson Nickel Belt, Manitoba.
Auric finds more gold, nickel at Chalice West outside Norseman (The West Australian)
With all assay results from its recent air-core drill program at its Chalice West project now back from the laboratory, Auric Mining says widespread gold and nickel mineralisation can be added to its rare earth elements discovery.
Explorer Adavale Resources has intercepted nickel sulphide host rocks at the Hem 2 target of its Kabanga Jirani Nickel Project in Tanzania. A total of four diamond holes for 1,471m were drilled over three target areas during 2022 including HEM 2, HEM 4 and HEM 9.
Ardea confirms significant rare earths at key nickel project (The West Australian)
Ardea Resources has confirmed Pamela Jean East as the preferred site to set up production infrastructure for its Kalgoorlie nickel project after discovering rare earths at its alternative option Goongarrie West.
Archer Exploration Corp. (CSE: RCHR) (the “Company” or “Archer”) is pleased to provide an update on its recent corporate activities and an overview of the fully funded 2023 exploration programs at its flagship Grasset nickel project, located approximately 55 kilometers west-northwest of Matagami Quebec
Exports/ Imports
DTI weighs ban or tax on raw nickel exports (Manila Bulletin)
The Department of Trade and Industry (DTI) is studying whether or not a tax or a ban on raw nickel exports should be imposed to support the government’s effort to develop the local nickel industry and participate in the bustling electric vehicle battery supply chain.
The head of the Philippine nickel mining industry warned on Tuesday that the government’s plan to impose an up to 10% tax on nickel ore exports could force local producers to close up shop. The initial proposal in the House of Representatives was 10%. That will kill the industry, Dante Bravo, president of the Philippine Nickel Industry Association, told Reuters.
According to media, on January 30, the Minister of Department of Environment of the Philippines (DENR) made a speech, hoping that the Philippines will not only play the role of an ore exporter in the nickel supply chain, but also participate in other segments in the nickel value chain.
Earnings/ Financial Results
Brazil’s Vale SA VALE3.SA, one of the world’s largest mining companies, on Tuesday reported a fourth-quarter 1% fall in iron ore production from a year earlier, while the sales volume of nickel soared
QUARTERLY REPORT FOR THE PERIOD ENDING 31 DECEMBER 2022 (PACIFIC NICKEL)
Pacific Nickel Mines Limited (Pacific Nickel or the Company) (ASX: PNM) is pleased to provide an update on its activities for the December 2022 Quarter. The Company’s focus for the reporting period was progressing the Company’s two nickel projects in the Solomon Islands.
Atlantic Nickel (“Atlantic Nickel” or the “Company”) and Appian Capital Advisory LLP (“Appian”) are pleased to announce another record year of operational and financial performance at the Company’s Santa Rita nickel sulphide mine (“Santa Rita” or the “Mine”) located in Bahia, Brazil.
Contract/Orders
In Europe, the materials technology and recycling group Umicore and the Finnish state mining company Terrafame have signed a long-term supply agreement for nickel sulphate. According to both companies, deliveries have already started and are to be increased further in the course of this year.
Business Partnership
Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) Power Nickel, a Canadian metal exploration company, has announced a partnership with Australian-based Fleet Space Technologies, a developer and operator of a constellation of microsatellites
News Stories
Production/Operations
FPX Nickel: fully funded project advances with strategic investor on board (the armchair trader)
Vancouver-based junior nickel miner FPX Nickel [TSXV: FPX] is developing a large-scale nickel project in Canada’s mining-rich province of British Columbia. What sets the company apart from the crowd is that the metal at its flagship Baptiste Nickel Deposit occurs in a form that resembles stainless steel, a nickel-iron alloy called awaruite.
Analysts have sharply upgraded copper forecasts for 2023 after top metals consumer China lifted strict COVID-19 controls, but they remain cautious about whether a New Year rally is fully justified, a Reuters poll showed.
Power station fire cuts Nova nickel production by 36 per cent in December quarter (Kalgoorlie Miner)
Power station fire cuts Nova nickel production by 36 per cent in December quarter
BDF drilling establishes large high-grade nickel deposit (Proactiveinvestors)
Murchison Minerals has published the final assay results from its Summer 2022 drill programme at the Barre de Fer (BDF) Zone at the HPM Nickel-Copper Project, located in Quebec, Canada.
Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%
Junior miner looks to revive Kenora-area cobalt mine (Northern Ontario Business)
A pop-up junior mining company will take a fresh crack at putting a former Kenora-area cobalt mine back into production. High-Tech Metals, an Australian-listed exploration company, recently closed its acquisition of the Werner Lake cobalt and copper project in a cash-and-share deal
Recent copper and cobalt mine development financings in the DRC by EKN and SEK from Sweden and African development bank TDB are likely to act as encouragement to other financial institutions looking to become more active in the country.
Mining Indaba 2023: Dialogue to shape the future of mining (Miningreview.com)
There is a sense of normality in the air as Investing in African Mining Indaba returns to its usual dates this year. Taking place from 6 to 9 February, once again thousands of delegates will converge in Cape Town to discuss pertinent issues affecting the African mining sector.
The perceived ‘dirty’ face of mining makes it challenging for companies operating in the sector to secure the investment and support needed to deliver the raw materials required for a clean energy future.
Cordoba Announces Positive Preliminary Economic Assessment for the San Matias Copper-Gold-Silver Project (Bloomberg)
Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (“Cordoba” or the “Company”) today reported results from an independent Preliminary Economic Assessment (“PEA”) for its San Matias Copper-Gold-Silver Project (“San Matias” or the “Project”) in Colombia.
A Mining Boom But Without the Waste to Match (Bloomberg)
Hello and welcome to Elements, our daily energy and commodities newsletter. Today, Bloomberg Opinion’s Clara Ferreira Marques explores the need to figure out what to do with all the waste generated by the mining that’s supplying the energy transition.
EPA puts Alaska fishery over gold and copper mine, renewing debate (The Christian Science Monitor)
The EPA has officially prevented the development of Alaska’s Pebble Mine due to concerns about the impact on the state’s salmon fishery. The move is an environmental victory, but some worry that it sets a precedent for the EPA to veto all similar projects.
Legend Mining delivers maiden mineral resource estimate at Mawson nickel-copper-cobalt deposit in Fraser Range (The West Australian)
Legend Mining delivers maiden mineral resource estimate at Mawson nickel-copper-cobalt deposit in Fraser Range
Galileo Mining confirms new zones that point to potential Callisto palladium-platinum-gold-rhodium-copper-nickel growth (Proactiveinvestors)
Galileo Mining Ltd (ASX:GAL) has fielded a batch of promising assays from recent drilling at the Callisto palladium-platinum-gold-rhodium-copper-nickel discovery at the company’s 100% owned Norseman project in Western Australia.
Senate to probe mining in Romblon (The Manila Times)
Senate President Juan Miguel Zubiri on Friday said that the Senate is ready to investigate the nickel mining project in Romblon amid calls for Congress to look into the alleged violations of the Altai Philippines Mining Company (APMC).
Panther Metals highlights positive HPAL results from Coglia nickel-cobalt project in Australia (Proactiveinvestors)
Panther Metals Ltd (ASX:PNT), which is 36.6%-owned by Panther Metals PLC (LSE:PALM), has returned positive high-pressure acid leach (HPAL) test work results from the Coglia nickel-cobalt project in Western Australia.
Future Metals identifies large nickel-copper sulphide zones outside PGE reef system at Panton (Proactiveinvestors)
Future Metals NL (ASX:FME, AIM:FME) has identified broad zones of disseminated nickel-copper sulphides outside the existing high-grade platinum group elements (PGE) reef system at Panton Project in the East Kimberley Region of Western Australia.
Quebec Nickel to showcase high-grade drill core results from Fortin Sill Zone at VRIC (Proactiveinvestors)
Quebec Nickel Corp (CSE:QNI, OTCQB:QNICF) has said it will showcase high-grade nickel-copper-platinum group elements (Ni-Cu-PGE) drill core results from the Fortin Sill Zone at its Ducros project in Quebec at the Vancouver Resource Investment Conference, ending today, January 30 2023.
Philippines Residents of Sibuyan Island in Romblon are calling for a suspension of mining exploration activities there, saying the extraction of nickel ore will disrupt the island’s intact ecosystems as well as local livelihoods.
Metal Tiger notes investee company Armada Metals identifies additional targets at the Nyanga Magmatic Nickel-Copper project (Proactiveinvestors)
Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR), the investor in natural resource opportunities, has noted that investee company Armada Metals Limited has announced the identification of additional targets at the Nyanga Magmatic Nickel-Copper (Ni-Cu) project in Gabon.
Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint (Mining Weekly)
Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities except for platinum group metals (PGMs) and nickel for the fourth quarter of 2022.
Sometime around the start of March last year, Sonia Scarselli began working on an unusual project at BHP, one more familiar to the tech world than the mining sector: putting together an accelerator program.
Push for net-zero a ‘once-in-a-generation’ opportunity: MCA (Australian Mining)
Australia’s world-class mining industry has the tools to become a leader in the global effort to achieve net-zero emissions by 2050, but the move will require government action, according to the Minerals Council of Australia (MCA).
Savannah restart keeps delivering for Panoramic (Mining Weekly)
Base metals miner Panoramic Resources has reported its highest production at its Savannah operations, in Western Australia, since operations were restarted. Concentrate production in the three months to December were up by 13% to 20 274 t, with contained nickel up 14% to 1 524 t
St George Mining Ltd (ASX:SGQ) has entered into an agreement under which it has been granted an option to acquire 100% of the Woolgangie Project in the Eastern Goldfields of Western Australia.
Canada’s recent push to speed up mining permits and boost exploration for minerals such as lithium and nickel, needed to feed the growing demand for electric vehicles, have led to concerns among some First Nations that the Ontario government is providing miners with easy access to their homelands without proper consent.
Legislators in Brazil’s Para state have concluded a probe over the costs and benefits of Vale’s local mining operations. The final report of the state’s parliamentary inquiry, which began in May 2021, was approved by lawmakers this week, although details of the findings are still unavailable.
The places currently boasting the highest median gross rental yields are not the promised lands they seem to be, property experts warn. Domain’s latest rent report, covering the quarter to December 31, 2022, revealed that the small town of Wandoan in the Western Downs region of Queensland
CIC EnergiGUNE Promotes The Obtaining of Critical Metals for Batteries from Secondary Resources of The Mining and Metallurgical Industry (Batteries News)
CIC EnergiGUNE promotes the obtaining of critical metals for batteries from secondary resources of the mining and metallurgical industry. The METALLICO consortium, made up of 23 partners comprising the entire value chain, has identified four case studies in Europe that will enable the recovery of metals
Massachusetts metals refining company Nth Cycle is going to start producing mixed hydroxide precipitate (MHP), a nickel product used in EV battery production, in the US for the first time here’s why that matters.
Shortages created by robust demand from the aerospace and electronic industries as growth accelerated after the lifting of Covid restrictions have fueled a 400% rise in hafnium prices, taking them to record highs.
Brazil mining watch (BNamericas)
Brazilian miner Vale maintained its 2023 iron ore, copper and nickel guidance of 310Mt-320Mt, 335,000t-370,000t and 160,000t-175,000t. In 2022, Vale’s iron ore production fell 1.6% to 308Mt, while sales fell 3.8% to 261Mt.
Canada Mining by the numbers, 2022 (S&P Global Market Intelligence)
Canada’s production of most metals remained strong in 2022. Most notably, gold output grew to 6.9 million ounces, which ranks the country as the fifth-largest producer. Based on estimates by S&P Global Commodity Insights, production from Canadian gold-producing assets will rise 61% between 2022 and 2025.
Chalice’s dual strategy at Julimar (Australian Resources & Investment)
As Chalice Mining continues to de-risk its Julimar nickel-copper-platinum group elements (PGE) project in WA, the company is advancing a dual strategy. What does this meanChalice realises that alongside development studies and regulatory approvals for a potential mine
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium. Battery metals experts at Benchmark recently estimated that at least 384 new graphite, lithium, nickel, and cobalt mines are needed in the next 12 years to feed a 500% increase in global battery demand.
First safety and skills training center in Palawan inaugurated (Philippine Information Agency)
Palawan-based mining and mineral processing companies Rio Tuba Nickel Mining Corporation (RTNMC) and Coral Bay Nickel Corporation (CBNC) inaugurated on January 30 the Safety and Skills Training Center (SSTC) at the RTN Compound in Brgy. Rio Tuba, Bataraza, Palawan– described as the first of its kind in the province and in the local mining industry.
Lithium-rich projects lure NWT explorers (North Mining News)
Lured partly by proximity to infrastructure in Yellowknife, several companies moved in January to advance exploration in mineral-rich Northwest Territories. The explorers include seasoned diamond and now rare earths hunter North Arrow Minerals Inc., NWT newcomer Gama Explorations Inc., and ambitious junior Gold Terra Resource Corp.
Global mining group Anglo American announced today that its copper production in 2022 increased by 3% to 664.5 ktonnes, primarily due to the ramp-up of production from the company’s new Quellaveco copper mine in Peru, while Chile’s copper production declined by 13% to 562.2 ktonnes.
BC First Nations forge mining alliances (North Mining News)
British Columbia’s Golden Triangle is poised for a mining boom that raises the bar when it comes to achieving the higher environmental, social, and guidance expectations for companies that produce the gold, silver, copper, and other metals the world needs and wants.
Sustainability at DMCI Holdings (Business World)
DMCI Holdings (PSE: DMC) is the only publicly listed holding company in the Philippines that has construction as its core competency. Known for its strong financial performance and resilient business portfolio, the Company has been steadily improving its Environmental, Social and Governance (ESG) initiatives
Mamba Exploration (ASX: M24) has discovered massive and semi-massive sulphide mineralisation in the first hole of a diamond drilling program at the priority Black Hills target within the Darling Range project in Western Australia.
Research & Development
Pacific DFS suggests attractive nickel development (MiningNews.net)
The DFS examined two options for what should be a short but profitable direct shipping ore operation: a base case option, essentially based on its maiden reserves of 3.8 million wet tonnes grading 1.7%, and an expanded option based on reserves plus about one third of its 2Mt inferred resource.
LG Chem, the parent company of South Korean battery maker LG Energy Solution, is aiming to launch a single crystal cathode within the year. LG Chem cathode development team leader Jeong Myung-gi said this cathode will be based on a mixture of nickel, cobalt, manganese, and aluminum.
Business Partnership
A VIEWPOINT FROM ANATOLY CRACHILOV, CEO AND FOUNDING PARTNER AT NICKEL DIGITAL, ON SEC REGULATION OF THE DIGITAL ASSET SECTOR (FINANCEFEEDS)
Gary Gensler and the #SEC compounded recent woes of contagion-affected #Genesis and #Gemini customers by charging both companies with unlicensed securities offerings through the Gemini Earn program.
New Roadmap from IFC and Partners Outlines Net-Zero Pathways for Mining Green Tech Metals (Pressroom Today)
Today, the International Finance Corporation (IFC) launched the Net-Zero Roadmap for Copper and Nickel Mining Value Chains, a new solutions guide aimed at decarbonizing the mining of critical minerals.
Event/Conference/Seminar
Commodity markets will be eagerly watching what the Fed decides at its FOMC meeting this week. For oil markets, no change in output policy is expected from OPEC+ when they meet on Wednesday
Investor Relations
Base metals have enjoyed a strong start to the year, the London Metal Exchange (LME) index rising by 9.4% over the course of January on high hopes for China’s post-COVID reopening.
The country’s environment chief on Thursday said her agency is engaging with different stakeholders including those in the mining sector and communities to balance the need for minerals with environmental, social and economic considerations.
Price trend of nickel throughout 2022 can be divided into the following four stages. In the first quarter of the year, nickel prices moved abnormally, once hitting a record high in early March. In the second quarter, the prices gradually returned to the fundamentals under the influence of the pandemic outbreaks and macro factors.
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in Roth Equity Research Report (StreetInsider.com)
McEwen Mining (NYSE: MUX) (TSX: MUX) was featured in a recent equity research report published by Roth Capital Partners LLC. An excerpt of the report reads, On January 26, 2023, MUX announced the results of eight drill holes from its Los Azules project.
Green tech geopolitics: China and the global energy transition (Foreign Brief)
The energy transition has begun, with all major global polluters having pledged to achieve carbon neutrality by around mid-century, and with global renewable energy capacity increasing steadily. China the world’s largest polluter has also become the largest producer of energy from wind, solar and hydropower.
Anglo American production climbs 10% (MarketWatch)
Anglo American PLC said Thursday that production in the fourth quarter rose 10%, boosted by the continuing ramp-up at Peru’s Quellaveco project, which produced more than 80,000 metric tons of copper.
Nickel & stainless: rebalancing after hectic 2022 (Recycling International)
After the tumultuous switchback in LME trading in March, nickel has been the price performer among major base metals as LME nickel stocks have declined further. LME nickel ended last year 40% higher than the end of 2021 at US$ 30 048 a tonne, easily outperforming the other major nonferrous metals
High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China’s reopening and the role of minerals in decarbonising the economy.
Copper prices fell on Tuesday as investors who had piled in to the market, pushing prices to seven-month highs, grew cautious ahead of an expected U.S. interest rate rise on Wednesday.
Magna Mining cashes up to explore former Inco mine (Sudbury Mining Solutions)
Magna Mining has raised nearly $18 million in financing to build a case to revive two former nickel and copper mines near Sudbury. The Sudbury junior miner announced this week it has closed a private placement of $14.95 million in flow-through shares and $2.95 million in the sale of common shares.
As of February 3, port inventories of nickel ore in China fell 484,000 wmt to 8.1 million wmt from January 20. The total Ni content dropped 4,000 mt to about 64,000 mt. The port inventory across seven major Chinese ports stood at 4.52 million wmt, down 424,000 wmt from January 20.
Government/Regulatory
The mining industry has been blindsided by reports from media that the Government plans to push through a bill before the election to ban new mines on public conservation land, introducing it on 21 February, says Straterra CEO Josie Vidal.
EPA bans disposal of mine waste in Alaska’s salmon-rich Bristol Bay region (The Spokesman-Review)
The Biden administration on Tuesday moved to protect one of the world’s most valuable wild salmon fisheries, at Bristol Bay in Alaska, by effectively blocking the development of a gold and copper mine there.
Biden Administration Blocks Development of Alaska’s Pebble Mine (The Institute for Energy Research)
The U.S. Environmental Protection Agency blocked the development of the proposed Pebble mine the most significant undeveloped copper and gold resource in the world because of stated concerns about its environmental impact on Alaska’s aquatic ecosystem.
Despite the supply of precious minerals in the U.S. being depleted, the Biden administration made a policy move last week that will only exacerbate the problem, according to GOP lawmakers and experts.
Some of the biggest names in copper have found high-ranking political allies to support their efforts to get the wiring metal added to a list of minerals deemed critical to the US. Senator Kyrsten Sinema, an Independent from Arizona, sent a letter with other lawmakers on Thursday urging Interior Secretary Deb Haaland
Canada faces pressure to ban deep-sea mining (MINING.com)
Canada is facing mounting pressure to declare a moratorium on deep-sea mining exploration and extraction as the country hosts an international marine conservation summit starting Friday in Vancouver.
Indonesia aims to be global player in commodity downstreaming (ANTARANEWS.com)
Coordinating Minister for Economic Affairs Airlangga Hartarto has said that the government is determined to make Indonesia a key global player in the commodity-based downstream industry given its enormous natural resource potential.
Register of UK property held offshore lists 40 owners under sanctions (Financial Times)
Register of UK property held offshore lists 40 owners under sanctions
Last Monday, the U.S. Department of Justice dropped a bombshell when it indicted a former FBI agent and a former Russian diplomat and interpreter on charges of money laundering and violating sanctions to help sanctioned Russian oligarch Oleg Deripaska.
Govt to heighten aerial survey for rare minerals (IPP Media)
Govt to heighten aerial survey for rare minerals
Investment
GM to invest $650 million in Nevada lithium mine
Local View: Fed investment in Dakota mineral plant good for Minnesota, too (Duluth News Tribune)
The administration of President Joe Biden awarded $2.8 billion in strategic funding from the Bipartisan Infrastructure Law to 21 battery mineral processing projects across the U.S. last fall. The funding was part of a rare bipartisan consensus that America needs to reduce its current dependency on China
Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. This week’s headlines include new critical mineral producers, a possible final nail for the Pebble mine and a lost-and-found radioactive capsule.
President Joko “Jokowi” Widodo tries to persuade Tesla Inc to build its factory in Indonesia. He has even offered a nickel mining concession to Tesla in addition to existing fiscal incentives. “I told Elon Musk, if you invest in Indonesia, I will give you a nickel concession,” Jokowi told Reuters in a special interview on Wednesday.
Fund Raising/Grants
Great Southern Mining (ASX:GSN) to raise funds for exploration plans (The Market Herald)
Great Southern Mining (GSN) on Thursday announced it had received firm commitments from sophisticated and professional investors to raise $1.71 million through a placement. In addition, the company may secure extra funds, with several of its directors committing to invest $400,000.
Our Next Energy, a battery developer founded by Apple’s former head of energy storage, closed a $300 million Series B at a $1.2 billion post-money valuation. Why it matters: Our Next Energy is manufacturing longer-range batteries in the U.S. that don’t depend on problematic commodities like cobalt and nickel.
New Products/Services
Nickel Asia launches 1st risk management app (Philstar)
Listed miner Nickel Asia Corp. (NAC) has launched the first-of-its-kind risk management app that will help the company address issues and strategize its business continuity plans. In line with its goal to be the premier ESG investment in the country
ZincFive Announces the New Generation Nickel-Zinc Battery Cabinet for the Data Center Industry (Business Wire)
ZincFive(R), the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, announced the launch of the newest generation of BC Series UPS Battery Cabinets the BC 2.
Exports/ Imports
The Philippines is going to increase exports of processed nickel ore as part of the country’s plan to meets its economic and social goals by 2028, its trade and industry chief said on Monday. Trade and industry secretary Alfredo Pascual told an audience at the launch event of the country’s latest five-year development plan
Indonesia to Soon Ban Bauxite Exports (Asia Sentinel)
In a replay of its 2020 ban on nickel exports, the Indonesian government intends to impose a similar regulation on bauxite starting in June as part of a sweeping plan to reclaim control over the country’s abundant natural resources. The plan is an effort to encourage the domestic bauxite processing and refining industry.
Vendor/ Supplier Related
Ground Breakers: The nickel market could see a major supply increase this year as EVs stoke high prices (Stockhead)
The green energy transition is widely recognised as the thematic to play, but it’s running headlong into issues stemming from the same environmental, social and governance concerns that have made renewables so popular in the first place.
Commodities Markets Are Broken. Responsible Supply Chains Can Fix Them. (MIT Sloan Management Review)
Mineral supply chains with traceability and transparency will revolutionize commodities, protect the climate, and advance environmental justice. The headwaters of global supply chains are opaque and turbulent. Because of the way raw materials such as iron ore, aluminum, and lithium are produced, bought, and sold
The green energy transition is widely recognised as the thematic to play, but it’s running headlong into issues stemming from the same environmental, social and governance concerns that have made renewables so popular in the first place.
Management Change
Ora Banda appoints new CFO for next stage of growth (Proactiveinvestors)
Ora Banda Mining Ltd (ASX:OBM) will welcome a new chief financial officer in Gareth Jones after Tony Brazier stepped down from the position of CFO and joint company secretary, effective February 6, 2023 to pursue other opportunities.
Earnings/ Financial Results
OZ meets 2022 guidance after strong final quarter (MiningNews.net)
December quarter production was 36,307 tonnes of copper and 54,856 ounces of gold at C1 cash costs of US$1.305 per pound and all-in sustaining costs of $1.867/lb. Full-year production was 124,065t of copper and 211,147oz of gold with copper production meeting the revised guidance of 120,000-135,000t
ORION MINERALS LIMITED December 2022 Quarterly Activities Report
IGO posts record earnings (Mining Weekly)
Battery metals miner IGO has reported record earnings for the half-year ended December, driven by a strong December quarter. The ASX-listed miner on Tuesday announced record underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of A$834-million for the half-year
Environment/ Climate
Busting three myths about materials and renewable energy (MIT Technology Review)
In the show, a band of special-effects pros tested out myths from TV shows or popular knowledge, like: Can a snowplow flip a car over Can you fly using fireworks Are elephants really afraid of mice The team tried to figure out the answers in a process that often involved explosions and frequently enlisted
While rare earth minerals are now being touted as a key part of efforts to reduce greenhouse gases, there are environmental concerns in extracting these minerals from the ground, says an expert in environmental considerations around mining.
‘Deep Rising’ Review: Jason Momoa Narrates a Documentary Critical of the Green Revolution (collider)
You might not peg Jason Momoa as the person to narrate a nature documentary, but one of the surprises of Deep Rising was just how perfect Momoa was for the part. Director Matthieu Rytz wisely has Momoa narrating some of the most self-reflective dialogue of the documentary on the mining of the deep seafloor for metals.
Business Expansion
The Cobalt Expansion Drive Is A Copper Story (S&P Global Market Intelligence)
Driven by a cobalt price rally and cost reduction, some copper-cobalt miners are actively assessing restart and expansion opportunities. An S&P Global Market Intelligence analysis suggests that even if there is a potential cobalt price downgrade, led by a narrowing market deficit
Mining Co. Expands, Starts Exploring Canadian Land (The Streetwise Reports)
MorePalladium One Mining Inc. (PDM:TSX.V; NKORF:OTCQB; 7N11:FSE) expanded its Tyko land position in Ontario, Canada, by 20% and launched a 2023 exploration program at the nickel-copper property, reported Research Capital Corp. analyst Adam Schatzker in a Jan. 26 research note.
Studies/Surveys
Economic Survey suggests creating strategic mineral reserves like petroleum stocks (The Times of India)
Economic Survey suggests creating strategic mineral reserves like petroleum stocks
India needs carefully crafted multi-dimensional mineral policy: Eco Survey (THE BUSINESS STANDARD)
The country needs a carefully crafted multi-dimensional mineral policy to address the issues posed by uneven distribution of rare earth elements, the Economic Survey on Tuesday said. Cobalt, copper, lithium, nickel, and rare earth elements (REEs) are critical for producing electric vehicles and batteries and harnessing solar power and wind energy.
Curiosity Finds Another Metal Meteorite on Mars (Universe Today)
MSL Curiosity is going about its business exploring Mars. The high-tech rover is currently exploring the sulphate-bearing unit on Mt. Sharp, the central peak in Mars Gale Crater. Serendipity placed a metal meteorite in its path.
Merger/Acquisitions
Beacon to acquire interest in Maximus Resources (Global Mining Review)
Beacon Minerals Limited has announced that it has executed a share purchase agreement to acquire Pantoro Limited’s 19.82% shareholding in Maximus Resources Limited. The parcel of 63 254 972 shares held by Pantoro will be purchased by Beacon at AUS$0.042 per share
Contract/Orders
POSCO Chemical signs $33 bil deal to supply cathode materials to Samsung SDI. POSCO Chemical announced on the 2032th that it has signed a contract to supply Samsung SDI with high nickel NCA cathode materials for electric vehicle batteries for 10 years from this year to 30.
Pricing
During the first week after the Chinese New Year (CNY) holiday, nickel prices soared on expectations for improved consumption and the Philippines’ potential ban on nickel ore exports. The high prices discouraged the downstream buyers from purchasing, and the spot trades during the morning session today were thin.
Opinion/Feature/Trends
Investor Relations
No company embodies the growth potential of electric vehicles more than Tesla Inc. But with the value of Elon Musk’s company falling from more than US$1 trillion last year to US$383 billion, many investors are rethinking how to get exposure to the EV boom.
How can investors ride the EV boom? (Financial Times)
No company embodies the growth potential of electric vehicles more than Tesla. But with the value of Elon Musk’s company falling from more than $1tn last year to $383bn, many investors are rethinking how to get exposure to the EV boom.
Environment/ Climate
How is Decarbonization Increasing Mining Waste? (azomining)
Accelerating the electrification of key industries and phasing out fossil fuel-based energy generation in favor of renewable energy sources are essential areas of progress. However, this shift is creating new challenges.
Taxation
Mexico’s tax authority SAT has urged large taxpayers in mining and four other sectors to supplement their 2020 and 2021 tax contributions if the rates used were lower than the effective rates published this week.
Studies/Surveys
Renewable Energy and Conservation: Is there an elephant in the room? (Environment America)
The planet is warming, and quickly. Most of us can see how the last couple of years are different from the years before that, and those different from the years before that. Wildfires are more common, bigger, and hotter.
To investors, natural resources are known as the commodities market. This is a major sector of investing, with both professionals and retail investors alike putting their money into assets like coffee, steel and corn every day.
Production/Operations
Space is a treasure chest waiting to be plundered. Asteroids made of iron, nickel, cobalt, and even precious metals like gold and platinum constantly zoom around our solar system often tantalizingly close to Earth.
Angola: From rough diamond to mining giant? (Mining Review Africa)
International investment in Angola’s mining sector has historically been limited relative to oil and gas, with capital deterred by accusations of grand corruption under former president Jose Eduardo dos Santos.
Press Release
Earnings/ Financial Results
Mining and processing operations at Savannah continue to ramp up safely. Ore mined increased 18% quarter-on-quarter to 178,239t. Ore milled improved by 15% to 176,888t, delivering the best quarter since restart.
December 2022 Quarterly Activities Report (Mcusercontent.com)
Aston Minerals Limited (ASX: ASO, Aston Minerals or the Company) is pleased to provide a review of the activities undertaken during the quarter ending 31 December 2022. Edleston Project, Ontario, Canada (100% ASO) .
Ecora Resources PLC Announces Q4 Trading Update (Digital Journal)
Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) issues the following trading update for the period 1 October 2022 to 31 December 2022. This update is released ahead of the Group’s audited full year results on 29 March 2023.
Lundin Mining to Release Fourth Quarter and Full Year 2022 Results February 22, 2023 (Lundin Mining)
Lundin Mining Corporation (Lundin Mining or the Company) announces that the report for the fourth quarter and full year ended December 31, 2022 will be published on Wednesday, February 22, 2023.
URU Metals : Annual Report 2022 (MarketScreener)
URU Metals Limited. Chairman’s Statement. For the Year Ended 31 March 2022. I am pleased to present to our shareholders and stakeholders the consolidated financial statements of the Group for the year ended 31 March 2022.
Management Change
Evrima plc, the investment issuer focused on structuring investment transactions in the mining and junior exploration and development industries wishes to notify its shareholders that with effect of the 3rd February, Mr Guy Miller, presently a Non-Executive Director of the Company will resign his post as Director of Evrima plc
Merger/Acquisitions
Mich Resources Ltd. (CSE: MICH) (the “Company”) is pleased to announce, further to its news release dated November 14, 2022, that it has entered into a definitive agreement (the “Definitive Agreement”) with Pavey Ark Minerals Inc. (“Pavey”), in connection with the acquisition
Interra Copper Corp. Closes Subscription Receipt Financing for Alto Verde Copper Acquisition (TheNewsWire)
Interra Copper Corp. is pleased to announce the closing of its previously announced non-brokered private placement in conjunction with the Company’s announced acquisition of Alto Verde Copper Inc. (the Alto Verde Transaction).
Mosaic Acquires 5,650 Hectares in the East Extension of Patriot Battery Metals Corvette Lithium Project (MarketScreener)
Mosaic Minerals Corporation (CSE: MOC) (Mosaic or The Company) announces the acquisition of 110 mining claims adjacent to the eastern edge of Patriot Battery Metals Corvette, located in James Bay, Quebec. Recent drilling on Corvette has intersected high grade Lithium
Business Partnership
Val-d’Or Mining Closes on Transactions and Completes Strategic Partnership with Gold Royalty Corp. (Yahoo)
Val-d’Or Mining Corporation (TSXV: VZZ) (“Val-d’Or Mining” or the “Company”) is pleased to report, further to its December 2, 2022 news release, that it has received conditional approval of the TSX Venture Exchange for, and consequently completed, the transaction (the “Transaction”)
Silver Elephant Mining Corp.: Silver Elephant Signs Agreement to Sell 15,000 Tonnes of Ulaan Ovoo Coal To a Hong Kong Coal Buyer by March End (Finanznachrichten.de)
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQX: SILEF) (FSE: 1P2) (“Silver Elephant” or “the Company”) announces that a sales and purchase agreement (“SPA”) has been entered between Silver Elephant’s Mongolia subsidiary (the “Seller”) and a Hong Kong commodity trading and logistics company
Production/Operations
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (“Electric Royalties” or the “Company”) is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: “It’s a great start to 2023 with nine royalty asset updates setting the stage for an exciting year
Inomin Secures Beaver Discovery Team (inomin MINES)
Inomin Mines Inc. (TSX.V: MINE), (Inomin, MINE or the Company) reports signing a drilling agreement for the Company’s Beaver-Lynx critical minerals property, an emerging magnesium-nickel-chromium-cobalt discovery located in south-central British Columbia.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the “Company” or “Benz”) is pleased to provide an update on exploration activities in the Upper Eastmain Greenstone Belt, located in the James Bay area of Quebec.
Global Energy Metals Corporation, a multi-jurisdictional, multi-commodity critical mineral exploration and development company focused on growth-oriented battery metal projects supporting the global transition to clean energy, is pleased to provide a recap of its activities
Anglo American PLC on Thursday reported a rise in fourth-quarter production of most of its commodities compared with the same period a year earlier, with the exception of iron ore and platinum group metals. Here’s what the FTSE 100-listed mining company had to say:
Mosaic Starts a New Drilling Campaign on Gaboury (MarketScreener)
Mosaic Minerals Corporation (CSE: MOC) (Mosaic or The Company announces the start of a new drilling program on the Gaboury project, located in the Temiscamingue region of Quebec. This program of four holes totaling approximately 1,200 meters will target fold hinges as well as the continuity at depth of hole GA-21-07
For 32 years, FDK has been manufacturing and selling rechargeable nickel-metal hydride batteries for a variety of applications, including security, in-vehicle applications, medical and household electric appliances.
Steadright Critical Minerals (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce plans for a Versatile Time Domain Electromagnetic (“VTEM”) airborne geophysical survey to be flown over the RAM Mineral claims, which will be conducted by Geotech Ltd.
Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (“Gungnir” or the “Company”) is pleased to report final assay results from the central part of the Company’s Lappvattnet nickel deposit in northern Sweden. New results include hole LAP22-23 which drilled 12 metres grading 1.02% Ni at a down-hole depth of 38 metres.
Investor Relations
Mosaic Announces Warrant Extension (GlobeNewswire)
Mosaic Minerals Corporation (CSE: MOC) (Mosaic or The Company). The Company proposes to amend the expiry date (the Extension) of 3,575,00 outstanding share purchase warrants (the “Warrants”) that were issued pursuant to a private placement completed in February 2021.
Why Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Is One to Watch (StreetInsider.com)
Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is focused on advancing the next generation of nickel-sulfide projects to deliver metals needed to power the electric vehicle revolution and feed the high-growth stainless steel market.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (“Flying Nickel” or the “Company”) announces that it proposes to reprice: (i) an aggregate of 5,047,016 outstanding common share purchase warrants of the Company (the “Warrants”) issued pursuant to a warrant indenture dated November 29, 2021 between the Company and Computershare Trust Company of Canada
Premium Nickel Resources Ltd. Announces Best Efforts Private Placement Financing of up to CAD $27 Million and Provides Update on Bridge Loan (GoldSeiten.de)
Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (“PNRL” or the “Company”) announces a brokered private placement, on a “best efforts” basis, of up to 15,430,000 common shares of the Company (the “Common Shares”) at a price of CAD$1.75 per common share for gross proceeds of up to CAD$27,002,500 (the “Offering”).
Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) provides the following update to shareholders from its Executive Chairman, Mr. Anthony Milewski. As the Company continues to approach repayment of its share of the outstanding Ramu construction debt, management is increasingly asked by shareholders
Video
Production/Operations
Future Metals NL (ASX:FME) managing director Jardee Kininmonth joins Proactive after the company hit broad zones of disseminated nickel-copper sulphides outside the existing high-grade platinum group elements (PGE) reef system at its Panton Project in WA.
Interview
Studies/Surveys
Ten Questions About the Disruptive Materials at the Center of the Clean Energy Transition (Global X ETFs)
The world is rapidly embracing clean technologies like electric vehicles (EVs), battery energy storage systems, hydrogen fuel cells, wind power systems, and solar power systems. Core to the manufacturing and performance of these technologies are 10 key disruptive minerals and materials, listed in the table below.
Blogs and Forums
Investor Relations
There are many instances on the ASX where quality might prove more important than quantity. One such instance was presented to fund manager Allan Gray last quarter when it sold out of one S&P/ASX 200 Index (ASX: XJO) mining giant and poured the proceeds into another materials stock.
Investment
The world’s top five miners are looking again at the Philippines for possible investments even as the Department of Finance (DOF) is set to review the revenue-sharing in the mining industry, according to the Chamber of Mines of the Philippines (COMP).
Research Paper
Studies/Surveys
This research is focused on the drilling of Nickel based super alloy with diamond metal core drill and identified the significant parameters of rotary ultrasonic machining that optimise the machining rate (MR) and surface quality. Four general parameters: workpiece material, workpiece thickness, tool material, and tool size; and four RUM parameters
Journal
Studies/Surveys
Nickel Cobalt LDH/Graphene Film on Nickel-Foam-Supported Ternary Transition Metal Oxides for Supercapacitor Applications (Energy Fuels)
Layered double hydroxides (LDHs) of transition metals have attained significant attention for supercapacitor applications due to their excellent charge storage, low internal resistance, and superior electrochemical stability. Here, a nanocomposite of reduced graphene oxide/nickel cobalt layered double hydroxide
Modulating stereoselectivity in allylic C(sp3)-H bond arylations via nickel and photoredox catalysis (Nature Communications)
While significant progress has been made in developing selective C-H bond cross-couplings in the field of radical chemistry, the site and stereoselectivity remain a long-standing challenge. Here, we present the successful development of stereodivergent allylic C(sp3)-H bond arylations through a systematic
Photoinduced Nickel-Catalyzed Selective N-Demethylation of Trialkylamines Using C(sp2) Bromides as HAT Reagents (Journal of the American Chemical Society)
N-Demethylation of trialkylamines is a useful transformation, but typically requires harsh reaction conditions and stepwise procedures, as well as judicious protection of labile functional groups. Herein we report a mild, catalytic approach for the demethylation of trialkylamines by utilizing photoinduced
Monitoring the Formation of Nickel-Poor and Nickel-Rich Oxide Cathode Materials for Lithium-Ion Batteries with Synchrotron Radiation (Chemistry of Materials)
The syntheses of Ni-poor (NCM111, LiNi1/3Co1/3Mn1/3O2) and Ni-rich (NCM811 LiNi0.8Co0.1Mn0.1O2) lithium transition-metal oxides (space group R3-m) from hydroxide precursors (Ni1/3Co1/3Mn1/3(OH)2, Ni0.8Co0.1Mn0.1(OH)2) are investigated using in situ synchrotron powder diffraction and near-edge X-ray absorption fine structure spectroscopy.
Patent
Intellectual Property
Dongguan Huadeep Jintai New Material Science and Tech Submits Patent Application for Nickel-Free Hole Sealing Agent Feeding Device (China Patent News)
Beijing, Feb. 4 — Dongguan Huadeep Jintai New Material Science and Tech has submitted a patent application for nickel-free hole sealing agent feeding device. Liu Xiaoping developed the invention.
Beijing, Feb. 4 — Middle and South Univ has sought patent for nickel-cobalt-manganese ternary MOF (metal organic framework) positive electrode material precursor with element gradient distribution and preparation method of nickel-cobalt-manganese ternary MOF positive electrode material precursor. This invention was developed by Ou Xing, Qin Haozhe, Ming Lei and Zhang Bao.
Jiangsu Meterineae Special Alloy Files Chinese Patent Application for Production Method of High-Purity Nickel-Niobium Intermediate Alloy (China Patent News)
Beijing, Feb. 4 — Jiangsu Meterineae Special Alloy has filed a patent application for production method of high-purity nickel-niobium intermediate alloy. This invention was developed by Sun Yuelai, Wang Xiaorong, Jia Ming, Deng Jun and Ma Buyang.
Shanxi Taiji Stainless Steel Submits Patent Application for Welding Material Suitable for Iron-Nickel Alloy Welding and Application Thereof (China Patent News)
Beijing, Feb. 4 — Shanxi Taiji Stainless Steel has submitted a patent application for welding material suitable for iron-nickel alloy welding and application thereof. Wang Yan, Han Dong, Gu Yu and Zeng Li developed the invention.
Dongguan Huadeep Jintai New Material Science and Tech Files Chinese Patent Application for Stirring Device for Processing Nickel-Free Hole Sealing Agent (China Patent News)
Beijing, Feb. 4 — Dongguan Huadeep Jintai New Material Science and Tech has filed a patent application for stirring device for processing nickel-free hole sealing agent. This invention was developed by Liu Xiaoping.
Beijing, Feb. 4 — State Intellectual Property Office of China has received Xian Europe Zhongzhong Mat Science’s patent application for equipment and method for improving batch stability of nickel-based metal spherical powder components. Ma Kuan, Lei Liming, Tang Hongkui, He Yanli, Qu Zonghong, Shi Lei, Lai Yunjin, Zheng Yinlan, Wang Qingxiang and Liang Shujin developed the invention.
Beijing, Feb. 4 — State Intellectual Property Office of China has released Weiffang College’s patent application for metal oxide-organic ligand composite electrode material and preparation method thereof. This invention was developed by Wu Qian, Li Dan, Guo Huanmei and Chai Zhenquan.
Ti Unic Biotech Applies for Patent on Composition Containing Nickel-Superoxide Dismutase and the Like Useful for Haircare (Taiwan Patent News)
Taipei, Feb. 3 — Ti Unic Biotech has applied for Taiwan patent for composition containing nickel-superoxide dismutase and the like useful for haircare. Pan Li-Chi, Wang Tzu-Li, Shih Mei-Wen, Chen Chi-Yao and Hong Ming-Siang developed it.
Taiwan Patent Office Publishes YMT Co Ltd’s Patent Application for Release Layer for Metal Foil with Carrier and Metal Foil Comprising the Same (Taiwan Patent News)
Taipei, Feb. 3 — Taiwan Patent Office has published YMT Co Ltd’s patent application for release layer for metal foil with carrier and metal foil comprising the same. The invention was developed by Chun Sung-Wook, Chung Bo-Mook, Kim Dae-Geun, Park Myong-Whan, Ko Nak-Eun and Sim Ju-Yong.
Geneva, Feb. 2 — Harbin Inst Technology Weihai and Harbin Institute of Tech Weihai Innovation Park Weihai have submitted a patent application for full slag covering, spatter-free flux-cored welding wire. This invention was developed by Guo Ning, Zhang Xin, Xu Changsheng, Tan Yanbo, Luo Wenxue and Fu Yunlong.
ATI Properties Submits Patent Application for Nickel-Base Alloys (US Patent News)
Alexandria, Feb. 1 — ATI Properties has submitted a patent application for nickel-base alloys. Jankowski Joseph a developed the invention.
Safran Aircraft Engines Submits WIPO Patent Application for Process for Manufacturing a Nickel-Based Alloy Product (WIPO Patent News)
Geneva, Jan. 31 — Safran Aircraft Engines has submitted a patent application for process for manufacturing a nickel-based alloy product. This invention was developed by Vincent Maxime and Ferrer Laurent.
Geneva, Jan. 31 — Toda Kogyo has sought patent for method for manufacturing high-purity nickel sulfate. This invention was developed by Honda Tomohiro, Zhang Anyu, Yokota Masayuki and Tagami Nobuyuki.
De Nora Permelec Files WIPO Patent Application for Method for Manufacturing Electrode, and Electrode (WIPO Patent News)
Geneva, Jan. 31 — De Nora Permelec has filed a patent application for method for manufacturing electrode, and electrode. This invention was developed by Zaenal Awaludin, Kato Akihiro, Nakai Takaaki, Arimoto Osamu, Madono Akihiro and Fukuda Sayaka.