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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...
...He said it was trying to do in subsea mining what it had done in terrestrial mining, which was to “gain greater control of critical minerals for the future”....
...EU member Romania on Friday awarded a mining concession to Verde Magnesium, a Bucharest-based company backed by US private equity investor Amerocap....
...Some other western miners have secured supply purchase deals with companies: Australia’s Lynas, which received concessional financing from Japanese government entities, reached one with Japan’s Sojitz conglomerate...
...The Australian mining billionaire Gina Rinehart has built a nearly 6 per cent stake in rare-earth developer Lynas, strengthening her hand in the contest to build a non-Chinese supply of critical minerals...
...by either western colonialism or Chinese debt....
...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 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....
...In his new role, Raab will chair an Appian partnership with Safe, formerly known as Securing America’s Future Energy, that aims to advise western and Middle Eastern governments on how to boost critical mineral...
...Shares in a Glencore-backed nickel mining group fell 65 per cent on Tuesday after the company said the cost to build its flagship project in Brazil had jumped 87 per cent, shrinking its market capitalisation...
...But rich deposits of minerals critical to the energy transition are likely to drive miners and regulators forward....
...of the Manara Minerals joint venture last year....
...Australia’s Wyloo Metals is shutting down nickel mines in Western Australia, while BHP has said it is considering the closure of some nickel operations....
...The California-based company is valued at $1.15bn, and also counts BHP, the world’s largest mining group, and oil major Equinor, as investors....
...Mineral Resources backed out of an Australian refinery joint venture with Albemarle this year, citing the difficulty in competing with Chinese companies on cost....
...And that is great for commodities,” Forrest said....
...Glencore-backed nickel miner Horizonte Minerals has warned it needs another financial injection after reporting a more than doubling in the cost to build its flagship project in Brazil....
...But the plans are deeply controversial, with companies such as Google, BMW, Samsung and Volvo Group signing a WWF call for a stop to deep-sea mining....
...sector is a matter of great concern,” she said in a statement....
...Menell’s concern about critical mineral supply has since become mainstream among western governments....
...Shares in First Quantum Minerals have plunged as much as 28 per cent after Panama’s government pledged a public referendum on a deal struck with the Canadian mining group following a week of protests....
...BHP said it was reassessing a nickel project it acquired last year with Oz Minerals. Yet again, a cycle of heavy miner investment and bullish promises could be followed by insufficient reward....
...From an energy and national security perspective, we can now add deficits in uranium (particularly enriched uranium) to deficits in the mining and processing of rare earth minerals, EV metals, and computer...
...Mining companies have been battling surging cost inflation for key inputs such as diesel and explosives....
...Nickel, once a great “green” hope for miners, instead is one of the world’s worst-performing commodities over 12 months....
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