Results for: Mining

China has solidified its dominance in the rare earth industry by implementing comprehensive regulations that control mining, processing, and distribution of these critical minerals. The new rules emphasize state ownership and management, introducing strict penalties for illegal activities and a traceability system to monitor their usage. This move strengthens China’s position as a global leader in the supply of rare earths, which are vital for high-tech manufacturing and green energy transition.

Rare Earths Norway announced the discovery of Europe’s largest deposit of rare earth elements within the Fen Carbonatite Complex, an ancient volcano southwest of Oslo. The estimated 8.8 megatons of rare earth oxides, including significant amounts of neodymium and praseodymium used in magnets, could transform Europe’s rare earths value chain. The company plans further drilling and a pilot plant for ore processing. This discovery highlights the global importance of secure domestic supply chains for rare earth elements, which are essential for technologies like touch screens and batteries.

**Montage Gold Corp. (TSXV: MAU) (OTCQX: MAUTF)** has obtained a signed Ministerial Order from the Ministry of the Environment, Sustainable Development and Ecological Transition of Côte d’Ivoire, granting the necessary environmental approvals for the development of its Koné project. The Environmental Permit includes approval for in-pit tailings disposal, making Koné the first mine in Côte d’Ivoire to receive this approval. Montage has also submitted the mining permit applications for the Koné project and anticipates receiving all necessary approvals during H2-2024.

Silver is a crucial resource in the game. To mine it, you need the Crescent Pick, which you can unlock through the Cauldron and Silver Pool. Once you have the pick, look out for glowing silver rocks and interact with them to collect Silver.

Anglo American has dismissed a takeover bid from BHP Group, claiming it significantly undervalues the company and its prospects. While BHP offered an all-share deal worth £31.1 billion, Anglo American’s board unanimously rejected the proposal. The offer included a demerger of Anglo American’s stakes in Anglo American Platinum and Kumba Iron Ore, which Chairman Stuart Chambers deemed unattractive and risky. Shares of both Anglo American Platinum and Kumba Iron Ore rose in early trading following the rejection.

Vortex Metals Inc. announced the closing of its previously announced non-brokered private placement of 19,369,411 units at a price of $0.068 per unit, resulting in aggregate gross proceeds of $1,325,882. Each unit consists of one common share and one-half of a non-transferable share purchase warrant. The warrants entitle holders to purchase an additional share at a price of $0.10 per share for 24 months from the date of issuance. The proceeds will be used for general working capital and exploration expenses.

Mining giant BHP is in talks to acquire London-listed miner Anglo American in a potential mega-deal that would significantly reshape the global mining landscape. Anglo American has been considered a potential takeover target due to its weak production forecasts and declining share price. The acquisition would give BHP the largest share of global copper production, boosting its exposure to low-cost, long-life assets in iron ore and metallurgical coal. However, analysts caution that such complex transactions often carry the risk of value destruction. The deal is contingent on Anglo American divesting its South Africa-based platinum and iron ore divisions. Analysts believe the deal highlights concerns about an exodus from the London Stock Exchange, potentially shrinking the UK-listed large-cap mining sector but also changing its perceived industry breakdown.

In order to establish its budding lithium mining and electric vehicle industries, India is actively pursuing collaborations with several nations for specialized assistance in lithium processing. According to sources familiar with the situation, the Ministry of Mines initiated discussions with Australia and the United States last year. India has also sought assistance from Bolivia, Britain, Japan, and South Korea, reflecting its efforts to reduce reliance on China and develop a sustainable supply chain for its growing EV sector.

Australian mining giant BHP Group has offered to acquire its U.K.-based rival Anglo American in a deal valued at approximately $38.9 billion. The proposed all-share transaction would create the world’s largest copper mining company, with a combined global copper output of around 10%. The offer comes amid surging copper prices driven by increased demand for the metal used in electric vehicles and renewable energy. Anglo American’s board is currently reviewing the offer, which includes a condition to spin off two of its South African units.

Mining giant Anglo American has seen its shares soar following a £31.1 billion takeover approach from rival BHP Billiton. The potential deal, if it goes ahead, would create the world’s largest copper miner and significantly boost BHP’s presence in the growing copper market. The move has sparked concerns about the shrinking size of the London stock market, with Anglo American a major FTSE 100 mainstay. Anglo American’s board is currently reviewing the proposal with its advisors.