Mining industry
Bank Nizwa has joined forces with Mazoon Mining, a subsidiary of Minerals Development Oman (MDO), to finance Oman's largest integrated copper concentrate project. The project, valued at $270 million, includes a $35 million contribution from Bank Nizwa. This significant investment reflects the bank's commitment to supporting
Mining industry
Azerbaijan-focused gold, copper, and silver miner Anglo Asian Mining PLC has reported a strong start to 2025 trading, despite a weaker revenue in 2024. The company posted a pretax loss of USD21.3 million in 2024, narrowing from USD32.0 million a year earlier, due to careful cost control and
Mining industry
BASF has announced a strategic shift in its copper hydrometallurgy business, acknowledging the growing demand for copper and the need for sustainable and resource-efficient processing. The company is advancing its LixTRAtm product line and intensifying efforts to develop the next generation of leaching aids with enhanced efficiency. By integrating its
Mining industry
Sprott Asset Management USA, Inc. announced that the Sprott Copper Miners ETF (COPP) will include an allocation to physical copper, effective June 23, 2025. This change will make COPP the only ETF to provide exposure to physical copper and the only ETF to provide pure-play exposure to large-, mid-, and
Mining industry
Rio Tinto has agreed to pay up to $900 million to acquire a 49.99% interest in Chile's Salar de Maricunga lithium mine, the second-largest lithium reserve in Chile. This deal marks a significant investment in the country's mining industry, with Rio Tinto doubling down on
Mining industry
Researchers at Jiangxi University of Science and Technology in China have made significant progress in copper sulfide mine reclamation and ecological restoration. A study published in the Kuangchan zonghe liyong journal details a novel method for remediating acidic wastewater and utilizing solid waste from copper sulfide mines. The research aimed
Mining industry
Codelco, the Chilean state-owned mining company, has taken a significant step towards innovation in the mining sector by partnering with I-Pulse to explore the use of pulsed power solutions in mining. This strategic partnership aims to develop and implement sustainable and efficient solutions to address the challenges faced by large-scale
Mining industry
The Reko Diq gold and copper mining project, considered Pakistan's largest investment project to date, has revealed key details about its timeline, production targets, and financial benefits for Balochistan. Minister of State for Petroleum Ali Pervez Malik shared the information during a National Assembly session, outlining the project&
Mining industry
American Rare Earths has made two strategic appointments as it advances its U.S.-based rare earths strategy: Brian Arkell as a U.S.-based Non-Executive Director and Megan McPherson as Chief Financial Officer (CFO), effective May 5, 2025. The company's Chairman, Richard Hudson, commented that the appointments
Copper industry
Philex Mining Corp. has secured the future of its Padcal mine in Tuba, Benguet, by extending its life until 2027, thanks to favorable gold and copper prices. According to Philex president and CEO Eulalio Austin Jr., the firm is optimistic about the mine's future due to prevailing world
Mining industry
Base metals started the year on a relatively firm footing, with copper, aluminum, and zinc prices increasing amid equity gains and a weaker dollar. The dollar's decline against the euro provided support to dollar-denominated assets like metals, making them appear cheaper to other currency-holders. Recent better-than-expected Chinese and
Mining industry
A tumultuous year in the global mining sector came to a close with record commodity prices, despite a downturn in prices as 2011 drew to a close. Chile's Codelco has exercised an option to acquire a stake in Anglo American's Sur mining complex, while union disputes
