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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...
...Martens expressed confidence that magnesium mining would restart, despite local opposition and environmental challenges that have plagued previous projects....
...The hedge fund has waged successful activist campaigns against other mining groups, asking BHP to sell US shale assets and Teck Resources to split up its metals division and energy operations made up of...
...Others say that Chinese mining groups — hungry to secure copper and better positioned to handle the tricky situation with the South African government — should not be ruled out....
...INA is in talks with foreign companies for joint investments in nickel mining, smelting and battery manufacturing, Porwanto added....
...The metal is heavily used in renewable energy projects and electric vehicles....
...of the world’s rare-earth mining and close to 90 per cent of processing and refining, according to the International Energy Agency....
...But I think the price of renewable energy is in a long-term downtrend, led by China. And that is great for commodities,” Forrest said....
...Much like the Chinese, the Gulf states are promising resource-rich nations an investment package centred around mining; Zambia expects the UAE to invest in agriculture, tourism and energy....
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...The move on Anglo represents the latest attempt by Melbourne-based BHP — known colloquially as “The Big Australian” in its home market — to reshape the global mining industry....
...For the White House, tackling Chinese dominance is a strategic priority: China is home to 70 per cent of rare earths mining and 90 per cent of processing capacity, according to the International Energy Agency...
...Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again....
...Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion....
...Endeavour Mining said an investigation into former chief executive Sébastien de Montessus had discovered two more “deliberately disguised” payments totalling $15mn to an unnamed third party....
...Smaller producers such as Canada’s Lucara and UK-listed Petra and Gem Diamonds have market values at about $100mn or less — worth three or four of the mega-gems they aim to find....
...Barclays, meanwhile, recommends an overweight position in European mining stocks, which will benefit from rising metals prices and fresh “signs of life” in China....
...That headline price and premium are already down slightly, thanks to Amplats and Kumba shares falling on Thursday. Cost savings could be another issue....
...The country’s production capacity for battery-grade nickel is expected to quadruple to 1mn tonnes by 2030, said Septian Hario Seto, the deputy co-ordinating minister for investment and mining....
...Diamonds of the kind that come from mines, not laboratories, got a fine endorsement last week from LVMH, the French luxury group that owns Bulgari and Tiffany & Co....
...“Steel mills are running flat out, demand is strong and you see a pick-up in demand in copper and aluminium from the very massive development of renewable energy and electrical vehicles [in the country]....
...A key feature of all things energy transition, demand is expected to roughly double by 2040....
...Indonesia’s ministry for energy and mineral resources did not respond to a request for comment....
...Trained as a geologist and first working in the Australian mining sector, Weir traded metals derivatives at NM Rothschild....
...Mining is consistently underestimated and undervalued despite the fact that without it the green energy transition will not happen....
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