Tag: Nickel

The head of Glencore Plc’s huge coal-trading operation is leaving in the biggest shake-up of the trading unit in years, at a time when the commodity giant is struggling to revive its share price.

French mining group Eramet reported a sharp decline in first-half results on Wednesday and warned that macroeconomic conditions should remain difficult for the rest of the year, prompting a downward revision to its 2025 production targets.

China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions.

Jakarta – Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations with Washington, its senior economic minister said on Monday

Indonesia’s nickel smelters association has requested the government delay its new mineral royalty fees until nickel prices on the London Metal Exchange have risen to $17,000 per metric ton, its chairman said on Thursday.

Gold was once again the dominant theme of mergers and acquisitions (M&A) deals within the precious and base metals mining space in 2024, accounting for 70% of the year’s transaction count and total value, says S&P Global.

Canadian opposition leader Pierre Poilievre says he would give federal approval for the contentious Ring of Fire development in northern Ontario within months if he takes power after an imminent election.

Nickel producer PT Merdeka Battery Materials has obtained a $1.4 billion loan to fund the construction of a plant located on Sulawesi island, according to a company statement.

One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company.

Tanzania signed a $2.15 billion deal with two Chinese firms to construct a railway linking its main port of Dar es Salaam to a nickel mine in neighboring Burundi.

First Quantum Minerals (TSX: FM) has cut its copper guidance by 3.5% at the midpoint, citing Zambian mine sequencing, while politics has kept Cobre Panama idle.

Indonesia has set a quota of around 200 million metric tons for nickel ore mining this year, a senior mining ministry official said on Friday, adding this could be cut if miners failed to comply with environmental and other rules.