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Nippon Steel Extends Deadline for U.S. Steel Acquisition Amid Political Opposition

Last December, Japanese steel giant Nippon Steel announced plans to acquire U.S. Steel for 2 trillion yen (approximately $14.9 billion). The deal met bipartisan opposition in the U.S., and one year later, its fate remains uncertain. The original deadline for the acquisition is set for the end of December. As the date approaches, Nippon Steel […]

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Panama’s President Says Copper Concentrates at Closed Cobre Panama Pose No Environmental Threat

According to a report by Mining.com citing Reuters, Panama’s President Jose Raul Mulino stated on Thursday that over 100,000 tons of copper concentrate stored at the closed First Quantum mine pose no immediate environmental risk. The Cobre Panama copper mine was shut down in November last year after Panama’s Supreme Court ruled the contract between

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Biden Administration Split on Nippon Steel’s Acquisition of U.S. Steel; Biden Likely to Block Deal

According to media reports, the Biden administration is divided over Nippon Steel’s acquisition of U.S. Steel. The U.S. Department of State, Department of the Treasury, and Department of Defense believe the deal does not pose a national security risk, but President Biden is still expected to block the transaction. In December last year, Nippon Steel

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India’s Copper Demand Expected to Rise 13% in FY2024 to 1.7 Million Tons

According to a report by the International Copper Association (ICA) India chapter, India’s copper demand is forecast to rise by 13% year-on-year to 1.7 million tons in FY2024, driven by overall economic expansion. Notably, during the post-COVID period of FY2021-24, average annual copper demand grew by 21%. The ICA India chapter highlighted an 8% growth

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Aurubis Reports 19% Profit Growth Amid Optimism for Copper Demand Prospects

Aurubis AG, a leading European copper producer, reported a 19% increase in pre-tax operating profit for the 2023/2024 fiscal year, reaching €413 million. The company confirmed its forecast for a €300–400 million reduction in operating profit for the 2024/25 fiscal year. Aurubis proposed a dividend of €1.50 per share, exceeding analysts’ expectations. CEO Toralf Haag,

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Indonesia to Review Mining Compliance and Reassess Output Quotas

According to foreign media on November 29, a senior mining official stated on Friday that Indonesia will inspect mining companies’ compliance with environmental regulations and other rules. The government will “reassess” output quotas for companies found in violation to ensure the sustainability of mineral reserves. Indonesia, rich in natural resources such as copper, gold, tin,

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Australia Announces Tax Incentives for Critical Minerals and Renewable Hydrogen

According to Mining.com, citing Reuters, the Australian government announced on Monday its intention to legislate tax incentives to encourage mining sector investments in expanding renewable hydrogen and critical mineral production, both of which are pivotal to its energy transition strategy. The government stated that the proposed legislation would provide a 10% cost deduction for the

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Artemis Gold Nears First Gold Pour at Blackwater Mine by Year-End

Artemis Gold announced that its Blackwater Mine, located in central British Columbia, is in the final stages of construction and commissioning, with the first gold pour expected by the end of this year. In a Thursday update, the company revealed that the first batch of ore has been introduced into the crushing circuit at the

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Far East Gold Announces Initial Resource Estimate for Idenburg Project in Indonesia

Far East Gold, a junior exploration company, has announced the first inferred resource estimate for its Idenburg project, located near the border of Indonesia and Papua New Guinea. Currently, the project’s inferred resources include 540,000 ounces of gold at a grade of 4.1 g/t and 468,000 ounces of silver at a grade of 3.6 g/t.

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Peru Aims to Double Copper Production, Challenges Chile as World’s Top Producer

According to foreign media reports on November 17, Victor Gobitz, President of Peru’s SNMPE, stated that Peru has the potential to double its copper production and compete with Chile for the top spot as the world’s largest producer. Currently, Peru produces 2.5 million tons of copper annually, while Chile, the largest producer, produces 5 million

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