Daily Newsletter

14 August 2023

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Daily Newsletter

14 August 2023

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Spotlight

Indonesia arrests former mining minister for enabling illegal licensing

The minister is alleged to have expedited contracts to companies that illegally mined on government land.

Latest news

Genmin enters offtake deal with Hunan Valin Steel for Gabon project

Over a period of two years, Genmin is expected to supply 2.4 million tonnes per annum of iron ore products to Hunan Valin Steel.

14 August 2023

Marula approves exploration programme at South Africa mine

The programme will include an airborne geophysics study, and 2,900m diamond drilling and geological modelling of the mine.

14 August 2023

U.S. Steel begins strategic review after rejecting Cleveland-Cliffs’ offer

The unsolicited offer from Cliffs valued U.S. Steel at $7.3bn.

14 August 2023

Lightning Minerals intends to acquire two Canadian lithium projects

Lightning Minerals intends to acquire Lithium Rabbit’s 47km² Dalmas Project and 32km² Hiver Project.

14 August 2023

Rio Tinto to build Canada’s largest solar plant to power a diamond mine

The plant will cover a quarter of the electricity needs of the Diavik diamond mine by generating around 4,200 megawatt-hours of electricity annually.

14 August 2023

Nevada Zinc partners with BelZinc to produce zinc oxide

BelZinc will transfer its zinc processing technology in exchange for a 10.8% stake in Nevada Zinc.

14 August 2023

Codelco in talks with Anglo American to boost copper production in Chile

The companies are considering optimising mineral-rich grades between Codelco’s Andina mine and Anglo’s Los Bronces mine.

14 August 2023

Infrastructural development projected to drive growth in the Industrial Minerals market

Industrial minerals consumption patterns are primarily dependent on the movement of the global construction sector. Despite sluggish growth estimated in the global construction sector in 2023, the momentum is expected to pick up in 2024 with an annual average growth rate of 3.9% from 2024 to 2027. In addition, the changing geopolitical dynamics especially related to oil and gas trade around the globe are likely to further hamper confidence levels over the short-term period. Per GlobalData, the industrial minerals market volumetric demand is projected to reach 2,377.7 million tonnes in 2023, registering a CAGR of 2.8% (2023 - 2030).