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The United Kingdom recently imposed a 35% duty on all platinum and palladium imports from Russia and Belarus.

Oil Price

How The UK’s 35% Duty On Russian Platinum And Palladium Will Impact Markets

The conversion of coal to clean liquid fuels, which are mainly synthesized by crude oil, has received much attention in China...

Tech Xplore

Novel catalysts promote industrial production of clean liquid fuels from syngas

La Plata has previously been identified by Ecuador President Guillermo Lasso as a "strategic project".

Mining.com

Atico Mining receives EIA approval for La Plata project in Ecuador

Mineral explorers and developers often see substantial projects halted in their tracks by staunch community-level opposition, even when projects had passed regulatory muster.

Colombia, Ecuador & Peru: Social engagement can make or break mining investment

According to Barrick, the sustainability-linked metrics incorporated into the revolving credit facility are made up of annual environmental and social performance targets directly influenced by its actions.

Barrick extends credit facility, adding in sustainability-linked metrics

Environmental regulator has asked Gold Fields to implement four “urgent” and “transitory” measures following the death of three specimens of culpeo fox in the area.

Foxes add to Gold Fields headaches in Chile

Fed Jerome Powell pledged that the US central bank would ratchet interest rates as high as needed to kill a surge in inflation.

Copper price down on bets of big US rate hikes

The MRE amounted to 22 million tonnes averaging 0.79 g/t gold and 26.7 g/t silver in the inferred category.

TDG releases initial resource for former Shasta gold-silver mine in BC

Banyan Gold delivers AurMac resource update.

AurMac could achieve Tier 1 status in the Yukon this fall, says Banyan Gold CEO

Copper prices climbed on Tuesday as easing lockdown restrictions in China stoked hopes for improving demand.

Copper price rises on China covid-19 restrictions easing

Not only have gasoline prices hit all-time highs, but prices of some minerals critical to our clean energy future have also soared.

GreenBiz

Will U.S. copper supply meet energy transition demands? Only if we take these steps

The US government's recent announcement to invest $5 billion in a national EV charging network is emblematic of the latest sustainable business wave sweeping across the automotive industry worldwide. Another was General Motors' recent announcement to invest $7 billion in EVs, including building a battery plant in the US. 

Forbes

Hyperconnected Auto Supply Chains Give Electric Vehicles A Jolt Of Sustainable Mobility

According to Champion, the pellet plant could provide the company with a relatively rapid opportunity for commercial production.

Champion Iron acquires pellet plant in Quebec, partners with international steelmaker on FS

Drilling to date has tested four of the 16 target areas identified on the property, with three of those returning kimberlite intersections.

Mountain Province discovers kimberlite in three target areas at Kennady North

The bank is seeking to recoup $690mn that Bluestone Resources owes some of its wealthiest clients

Financial Times

Credit Suisse nears settlement with West Virgina governor’s mining group

Markets continue to struggle as more experts warn of a looming downturn.

Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession Risks

Dan Vandal, the federal northern affairs minister, has 90 days to either side with the review board or Baffinland Iron Mines.

Review board rejects Baffinland expansion plans in Canada’s Nunavut

Pine Point is a zinc and lead mine project in the Northwest Territories, Gaspé is a former-producing copper mine recently in Quebec.

Osisko Metals announces $7.8m bought deal to fund Pine Point, Gaspé exploration

The property covers 40 sqkm and has a resource estimate of 65.5 million tonnes grading 17.2% graphitic carbon.

Nouveau Monde and Mason Graphite set to form JV to advance Lac Guéret in Quebec 

Ounces in the indicated category increased by 56% and in the inferred by 19%.

Revival Gold boosts Beartrack-Arnett gold resource in Idaho  

Mining People: Copper Mountain, Hudbay Minerals, McEwen, Northcliff, Wesdome

The Asia-Pacific region's greenhouse gas emissions could be reduced by 8.6% if Australia moves away from fossil fuel-intensive exports.

Green metals exports could help Australia lower carbon emissions – study

The US Court of Appeals for the Ninth Circuit has declined to overturn a 2019 decision that blocked Hudbay Minerals' Rosemont copper project in Arizona.

Hudbay suffers major Rosemont setback

The US is not opposed to China investing in Africa if the investments are centred on upholding human rights, democracy and jobs.

Mining Indaba: America touts green energy as key to bridging Africa’s growth gap

Infographic: The importance of the minerals and mining sector to British Columbia’s economy

The latest drilling at Cordero continued to intercept high grades in and around the open pit defined in the 2021 preliminary economic assessment.

Discovery Silver drills 234 g/t Ag over 18 metres below open pit at Cordero

Demand for metals involved in the energy transition is set to surge over the coming decades, which is likely to push prices much higher, according to a new report from the World Bank.

Market Watch

Metal Prices Set to Rise Amid Energy Transition, World Bank Says

Coal in South Africa is rather like the Parktown Prawn - a giant cricket - hard to kill, dirty when you do, but also somewhat useful as it eats pests such as snails.

Reuters

A 'just energy transition' is code for keeping coal

The PEA showed robust project economics of $486 million in after-tax net present value.

Manganese X PEA outlines Battery Hill mine with $486m NPV, 25% IRR

Mining is probably the most vital sector to the global energy transition and the success of the much-vaunted net-zero carbon emissions by 2050 targets, but it's currently the laggard in the process

Mining is key to the energy transition, but it's still unloved

Unbeknown to many, the mining sector holds the key to the technological development needed make the globe greener.

Lexology

The future of mining - the green revolution's sharp end

A coal-mining community that has elected the same political party for more than a century could decide Australia’s next government this month in an election that has divided the nation over how to battle climate change.

Bloomberg Green

A Coal Mining Hub Could Decide Australia’s Future

Investors are waiting the US inflation data due later in the day that could have an impact on the Federal Reserve’s policy stance.

Copper price recovers ahead of US inflation data

Bullion has been under pressure as the Federal Reserve tightened monetary policy to fight accelerating consumer-price gains.

Gold price moves higher after US inflation report

The 2022 resource, according to Maritime, demonstrates an "extensive gold resource" suited for potential underground mining.

Maritime posts resource estimate for Lac Pelletier gold project in Quebec

Early development of the Umwelt underground could add over 80,000 oz. a year of gold production to the Back River project.

Sabina drills high-grade gold at Umwelt deposit in Nunavut

Africa has a generational opportunity to partake in the emerging green economy, the African Mining Indaba hears.

Mining Indaba: African leaders talk up policy reform and regional cooperation

Per capita, Svalbard produces more than five times the amount of CO2 than mainland Norway. However, that statistic is about to change...

 The Arctic Institute 

Norway’s commitment towards a new energy solution on Svalbard

The mining firm plans to boost production at the demonstration plant, which has a 3tpa capacity of scandium oxide.



Mining Technology

Rio Tinto starts production of scandium oxide in Canada

The experience of one mining company in rural North Carolina suggests the road ahead will be hard to navigate [...]

Powering electric cars: the race to mine lithium in America’s backyard

The US Federal Reserve approved a half-a-point interest rate hike, leading to a significant decline in commodities prices denominated in US dollars.

Iron ore price at near 4-month low on interest rate, demand concerns

Iron ore concentrate expansion part of a high-grade Marampa Blue product that could help reduce carbon emissions.

Mining Indaba: Marampa Mines commissions 3.25mtpa iron ore con expansion

Electricity has been getting increasingly scarce in India. In a recent survey two-thirds of households said they had been facing regular power cuts. Residents of some rural areas in the northern states report receiving only a few hours of electricity a day. The shortage has even reached posh parts of Delhi, the capital, whose pampered residents are usually insulated from many of the discomforts suffered by their compatriots.



The Economist

Indian power plants are running out of coal

Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush.



BHP vows to stay out of lithium rush with shortages set to fade

Miner to spend $1.25bn on copper project expansion as country’s president seeks to revive economy

First Quantum to make biggest foreign investment in Zambia in a decade

Stocks are on track for another bad month.

Dow Drops 400 Points, Stock Sell-Off Continues As Fed ‘Hangover’ Slams Markets

Although the future is looking bright for EV sales, there are concerning shortages of vital materials which may limit automakers’ ability to meet demands while keeping prices down.

2022: The Great Boom or Great Bust for Electric Vehicles

Coming off a run of three straight weekly losses, gold prices declined another 1%.

Gold price extends decline as dollar rallies to 20-year high

Cash-strapped Pure Gold Mining (TSXV: PGM; LSE: PUR) is making a non-brokered private placement of 200 million units at a price of [&#8230;]

Pure Gold to raise $30M to ramp up mine output, cut costs in Red Lake

The copper price fell on Friday as the US dollar rose to a 20-year high and as global equities tumbled on worries over a higher interest rate environment hurting global growth.



Copper price slips as US dollar hits 20-year high

Mining | Policy & Regulation

Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia's invasion of Ukraine.

Unloved since Fukushima, uranium is hot again for miners

Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum [...]

Mining Weekly

Platinum jewellery continuing to drive 25% of platinum demand

In PR, as in life, the best medicine is usually the preventative kind. That’s why, after more than a few decades in this business, I keep my focus as much as possible on the horizon. But I wonder: Do companies in the green economy, and throughout the supply chain that support it, see the same looming vulnerability that I do?

The Green Economy's Looming PR Risk

The Korean auto giant joins General Motors, Ford, Volkswagen and other global rivals looking to dethrone Tesla as the world’s top EV brand.

Hyundai Is Tesla’s Latest Challenger With Plans For $5.5 Billion U.S. EV, Battery Plant

Mining People: Great Bear Royalties, Group Eleven, Lundin Mining, Monarch Mining

The lithium battery, a key component of electric vehicles, ushered in a miraculous reversal. The proportion of lithium iron phosphate batteries reached 52% last year, surpassing that of ternary batteries. In the first quarter of this year, it continued to grow. Analysts estimate that its market share will exceed 60% in 2024.

Energy Trend

EV Lithium Iron Phosphate Battery Battles Back, Market Share to Exceed 60% in 2024

The Canadian explorer has secured an initial 51% stake in Russell Lake, located next to its Moore property.

Skyharbour buys into Rio Tinto’s Russell Lake uranium project

Chinese banks cut a key interest rate for long-term loans by a record amount on Friday.

Iron ore price up as Chinese banks cut interest rate

Amid rising gas prices and climate change, car giants are in a fierce contest to perfect the solid-state battery, long viewed as a ‘holy grail’ for electric vehicles

The Washington Post

Inside the race for a car battery that charges fast — and won’t catch fire

Fitch notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.

Chinese lockdowns dragging aluminum prices down, no respite before H2 — report

The recent retreat in gold prices has helped its appeal among investors as they continue to seek safety from riskier assets, analyst said.

Gold price rallies to weekly high as both dollar, yields dip

“Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said.

Copper price rebounds as China eases covid restrictions 

The new facility will be used by UBC geology, earth science and geological engineering students to gain critical field skills and for sustainability research.

Teck, University of British Columbia open $1.8 million geological field station in south Okanagan

Solar panel market penetration requires hundreds of millions oz. more silver production, VRIC hears.

VRIC: Metals scarcity could slow energy transition

BHP would bring forward first potash production at Jansen, in the Canadian province of Saskatchewan, to 2026 from 2027.

BHP to speed up Jansen potash mine as Ukraine war weighs on supplies

Researchers suggest that mining companies should focus on achieving ambitious yet realistic sustainability targets.

How ‘weak sustainability’ helps miners contribute to the UN development goals

For the first time, cobalt demand from electric vehicles (EVs) overtook other battery applications to become the largest end-use sector accounting for 34% of total cobalt demand in 2021.

Cobalt for use in EVs outstrips other end uses for first time in 2021

Uranium has strong fundamentals in place, with political support growing worldwide, VRIC hears.

VRIC: US, Canadian companies set to soar on Russian uranium ban

It might seem paradoxical, but producing oil and gas from shale reservoirs could actually help the world transition to cleaner energy sources.

Shale reservoirs could be a 'substantial source of lithium'

Scorpio investment a sign of manufacturers looking beyond car industry into new markets

Monaco shipping group takes stake in battery start-up Britishvolt

The famed investor aggressively bought the dip last quarter as markets tanked.

Warren Buffett’s $51 Billion Stock Market Shopping Spree: Here’s What He’s Buying

Shanghai set out plans on Monday for the return of more normal life from June 1.

Iron ore price up on supply woes, easing China covid curbs

Clouder will support Appian in Latin America and the opportunities in a Net Zero world linking energy, environment and mining issues.

Appian appoints Fiona Clouder as senior advisor

Two US-based companies joined forces to push for the use of zinc alkaline batteries in clean energy storage solutions.

Zinc joins battery race in the US

The EV sector consumed 59,000 tonnes of cobalt in 2021, or 34% of total demand, according to a report by the Cobalt Institute.

Electric vehicles surpass phones as top driver of cobalt demand

CEO Ewan Downie says listing will provide enhanced access to the world’s biggest and most liquid equity market.

i-80 Gold to trade on New York Stock Exchange

Polyus said Wandle Holdings donated shares to the Fund for support of Islamic foundations.

Russia’s biggest gold producer’s largest shareholder donates 100% of shares

As a result, the company has withdrawn its 2022 production guidance for the mine. 

Equinox Gold halts RDM mine in Brazil over permit delay 

Gold's rebound was attributable to a dip in Treasury yields and a small pullback in the dollar.

Gold price back above $1,800 as Treasury yield retreats

The Copper Producers Index ETF targets the copper mining industry by tracking the Solactive North American Listed Copper Producers Index.

Canada’s Horizons Copper ETF ready to trade live￼

Excellon will wind down operations at Platosa in the third quarter of the year due to a series of challenges that have affected the asset.

Excellon eyes new assets in Mexico ahead of Platosa closure

Scandinavian groups scouring locations in big vehicle markets such as Germany and France

Northvolt and Norsk Hydro to expand battery recycling JV in Europe 

CATL formally launched its EV battery swap business EVOGO this April 18. Earlier this January, CATL said that it will establish pilot sites for battery swap across 10 Chinese cities this year. Now, the company has set a more ambitious target of raising the number of cities under EVOGO’s coverage from the current four to 30 by the end of 2022. 

CATL’s EV Battery Swap Business Enters Operation with Aiways as Its First Client and Harmontronics as Equipment Provider

The egg-sized white diamond dubbed “The Rock” is said to be the largest of its kind to ever go under the hammer.

Largest white diamond ever auctioned goes for $21.8 million

Iron ore has fallen around a quarter from this year’s peak in early March as covid restrictions spread.

Iron ore price set for biggest weekly drop since February on covid restrictions

Mining | Finance

Researchers are analyzing individual hair samples from people living and working around the Witwatersrand basin to determine the degree of uranium contamination.

South Africans’ hair reveals heavy metal exposure from mining at Witwatersrand

Layman is the recipient of the Young Mining Professionals’ prestigious Eira Thomas Award and vice-president of exploration for Osisko Development.

Osisko VP Maggie Layman on the roots of exploration success: Exclusive Mining Legends Speaker Series interview

Definitive feasibility study for La India, which will provide a base for finance discussions, will come in the third quarter of the year.

Condor Gold says La India “construction ready”

The final value of the bid was a discount of approximately 29% to the value of Elemental’s shares.

Elemental shareholders reject Gold Royalties’ hostile takeover bid 

Veracity Worldwide does not see a neat resolution to Russia's war.

Mining Indaba: World order at a critical inflection point

Declines in gold were, however, capped by a slide in the benchmark 10-year Treasury yields.

Gold price retreats as dollar rally dims appeal of precious metals

Posse gold mine is expected to produce 102,000 ounces of gold per year in the first four years, dropping to 84,000 ounces after that.

Hochschild Mining earmarks $200m to build gold mine in Brazil

Pacific Ridge will initially have the right to earn a 51% interest in the Chuchi project.

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