NEW YORK & SANTIAGO, Chile--(BUSINESS WIRE)--Ceibo, a clean copper extraction technology company, and Glencore‘s (GB:GLEN) Lomas Bayas Mining Company have entered into a partnership to deploy Ceibo's proprietary leaching technologies that enable a more effective extraction of copper from low-grade sulfides at one of Chile's leading mines. Lomas Bayas has validated Ceibo's technology and is movi...
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner, sources familiar with the matter said.
Nickel spot prices were lower the last month. Nickel market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. US Treasury allows miners to access clean energy manufacturing subsidy. Nickel company news - Eramet revises downwards its 2024 production targets for Comilog and PT Weda Bay Nickel.
Glencore PLC (LSE:GLEN) has maintained its production forecast for the current year even though most of its mining operations saw modestly lower output in their latest quarter. Cobalt saw the biggest drop, at 18% but copper, zinc, nickel and silver were also down with gold flat.
Cobalt spot prices were generally flat for the month. Cobalt market news: The US government is reportedly examining price support mechanisms for domestic critical mineral projects. S&P Global: Cobalt market expected to stay balanced 2024f-2028f. Cobalt miners news: Congo's state miner bids for Trafigura-backed Chemaf cobalt projects in the DRC.
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) has announced the signing of definitive agreements to amend the terms related to the earlier sale of Glencore PLC (LSE:GLEN)'s Bolivian mining assets to Santacruz. The agreements, effective from October 3, 2024, include an omnibus agreement and an amended security agreement, following negotiations with Glencore.
ST. LOUIS , Sept. 12, 2024 /PRNewswire/ -- US Strategic Metals ("USSM" or the "Company") is pleased to announce it has entered into a strategic partnership with Glencore AG, a wholly-owned subsidiary of Glencore plc (together, with its subsidiaries, "Glencore") and Chilean Cobalt Corp. (OTCQB: COBA) ("C3") to explore domestic United States ("US") downstream processing of cobalt and copper inter...
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