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...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic mining blocks as it seeks to expand industries such as electric...
...US claims to a swath of mineral-rich seabed are being challenged by China and Russia because Washington has failed to ratify a treaty that governs access to resources in international waters....
...The company is likely to apply to EU funding mechanisms, after it was named as a key investment by the European Raw Materials Alliance — an industry network backed by the European Commission....
...In the midst of some of the fiercest attacks by the M23, the EU in February agreed to source critical minerals from Rwanda....
...China also controls the supply of other clean energy resources such as graphite, cobalt and nickel. Washington has been seeking to invest in its own future supply....
...Glencore-backed Horizonte Minerals has failed to secure financing to complete its nickel mine in Brazil following soaring costs and rising investor concern that Indonesia is flooding the market for the electric...
...However, the company warned that it “does not believe that any of these options are likely to recover any value for the company’s shareholders”. The shares fell 84 per cent in early trading in London....
...“I cannot see Anglo existing as an independent company by the end of the year in its current form,” said one top-10 Anglo shareholder....
...Weir said the price of critical minerals has started to rise, and saw future shortfalls in copper, which is used in electrification; aluminium, which features heavily in green technologies; and zinc, which...
...The Australian government’s classification of nickel as a “critical mineral” will make companies eligible to access the A$6bn facility, which offers low-interest loans and grants to support industry....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...This disrupted plans by foreign companies to acquire the companies, and she is now seen as a significant force in the development of lithium, a key material for electric vehicles, in Australia....
...The jump in costs leaves Horizonte scrambling to find a financing solution and comes as a blow to Glencore, which holds 17.7 per cent of Horizonte’s shares....
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...similar-sized industry peers such as Teck Resources, Freeport-McMoRan or South32....
...Why does BHP want to own Anglo American? It doesn’t, it wants to own some of Anglo American, specifically the bits that don’t need fixing....
...Both are rich in natural resources. Miners plan to exploit them. Deep sea mining is closest to reality. The Norwegian government pushed ahead with plans for mining in its waters in December....
...Investors who agree with Menell and want to emulate his strategy will need strong stomachs, after the battering that shares of listed companies in this space have taken this year, as higher interest rates...
...Panama will shut one of the world’s largest copper mines, its president said on Tuesday, after the country’s Supreme Court struck down a Canadian company’s contract to operate it amid large protests....
...China has shifted its investments in Latin America towards strategic sectors such as critical minerals, technology and renewable energy as it challenges the US and Europe in crucial 21st-century economic...
...South Africa’s minerals resources minister said he was not in favour of a deal between BHP and Anglo American because the country’s previous experience with the Australian miner was “not positive”....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic production....
...Exclusive: India is seeking to shore up its access to critical minerals such as lithium, a government official said, as the world’s most populous country rushes to catch up with rivals including China in...
...The discovery comes as the US government embarks on a charm offensive and infrastructure push in Africa in an effort to compete with China’s control over minerals that are critical for defence, renewable...
...In response to Glass Lewis, Abrdn said: “Jason provides significant experience as a CFO who has spent several years working in large public companies....
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