Vale to break out base metals business, sell stake in 2023

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PLUS: Rio awaits Turquoise Hill vote results | JPMorgan helps MineSense raise $42m | UK approves first coal mine in decades


December 7th, 2022
Vale to break out base metals business, sell stake in 2023
Vale will separate the base metal assets from its iron ore operations and unveil a strategic partner in the first half of 2023.
Rio Tinto plays chancy round of Mongolian roulette
December 9 is shaping up to be a big day for Rio Tinto chief executive Jakob Stausholm.
JPMorgan helps MineSense raise $42m to close copper gap
Funds raised will help MineSense to speed up the commercial release of a solution that could help close an expected copper deficit.
Britain approves first new coal mine in decades
The Woodhouse Colliery would take two years to build at a cost estimated in 2019 of 165 million pounds.
Mosaic cuts back production at Colonsay potash mine
The US fertilizer producer said the temporary measure at the Canadian potash mine reflected slower-than-expected demand.
Geotechnical instability forces Teck to suspend Highland Valley pit ops
Teck said the Valley Pit would reopen after remediation, and the area was confirmed safe.
LME draws takeover interest from rivals after nickel crisis
Intercontinental Exchange made an approach to buy the LME earlier this year from owner Hong Kong Exchanges & Clearing, sources say.
Vale forsakes volume for value in boost to iron ore’s nascent price recovery
The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material.
Gold price hits record in Pakistan as economic woes spur buying frenzy
Gold demand in Pakistan jumped 34% to 13 tons between July and September from a year earlier, according to data from the World Gold Council.
China reveals gold buying after quarter of mystery purchases
China reported an increase in its gold reserves for the first time in more than three years.
CMOC pushes back as Congo’s Gecamines demands compensation in cobalt mine dispute
Congo suspects CMOC understated the mine’s reserves to reduce the amount of royalties it pays to Gecamines.
Red-hot lithium price rally cools as China’s BYD flags surplus
The battery material in China has continued to retreat from the all-time high hit last month as signs of demand weakness weigh on the market.
EU photovoltaics project pushes for transparency, literally
The IMPRESSIVE project has taken on the challenge of developing transparent photovoltaic cells that can be integrated into large surfaces.
Nyrstar’s Auby zinc plant on care and maintenance until further notice
High power prices have spurred suspensions and cutbacks by smelters throughout Europe.
Tianqi exploring battery minerals processing options in Australia
Australia is seeking overseas investment into its critical materials industry as it seeks to become a green energy superpower.

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