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Biden open to easing sanctions on billionaire Gertler in return for Congo exit
Published: 17 May 24
The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s interest in critical minerals has run up against his problematic royalties ownership. The Treasury Department is willing to grant limited sanctions relief to Gertler, an Israeli citizen, as a way to incentivize his complete exit from Congo, including relinquishing his royalty streams on three strategic projects, according to two US officials, who asked not to be identified as the talks are ongoing.
Polyhalite produced at Anglo American's Woodsmith mine Anglo American has sought fertiliser partners for months, says CEO
Published: 17 May 24
Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls. The London-listed miner outlined a radical plan on Tuesday to shrink by divesting less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's $43-billion takeover offer.
Copper plates produced in Chile Chile's Cochilco raises 2024, 2025 copper price estimates
Published: 17 May 24
The Chilean Copper Commission (Cochilco) on Thursday raised its average copper price estimates for both this year and next. Cochilco now sees average copper prices this year at $4.30/lb, from $3.85/lb before. For next year, Cochilco estimates average copper prices around $4.25/lb, up from $3.90/lb before.
Image of vanadium ore from the Steelpoort project Steelpoortdrift vanadium project, South Africa – update
Published: 17 May 24
Vanadium Resources has signed an offtake agreement with a China-based company.
Image of drill core from the Keliber lithium project Keliber lithium hydroxide project, Finland – update
Published: 17 May 24
Construction of the Keliber lithium refinery has progressed according to schedule.
Image of Australia flag and periodic table symbols for lithium and tatalum Kathleen Valley lithium/tantalum project, Australia – update
Published: 17 May 24
An engineering, procurement and construction contract has been awarded for two paste plants.
Process flowsheet for the Kasiya rutile project Kasiya rutile/graphite project, Malawi – update
Published: 17 May 24
Sovereign has reported “excellent” results from graphite testwork completed at four different laboratories.
Aerial view of the Hermosa gold project Hermosa zinc/lead/silver project, US – update
Published: 17 May 24
The federal permitting process for the project has started.
Image of lithium ore Goulamina lithium project, Mali – update
Published: 17 May 24
Leo Lithium announced its exit from the Goulamina project on May 8, 2024.
Central lime project, Papua New Guinea
Published: 17 May 24
The project will be Asia Pacific’s first carbon-neutral quicklime, clinker and cement project for supply to PNG, Australia and the South Pacific at much lower cost than Asian exporters.
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