Indonesia's government is seeking to reduce Chinese participation in new nickel projects to help the industry qualify for US government subsidies, the Financial Times reported, citing a person familiar with the matter.
China has built up stakes in more than two dozen Canadian mining companies, including some of the industry's biggest names. Canada's latest crackdown on foreign investments in critical minerals is about to put a chill on such activity. At least 27 public companies including Teck Resources Ltd., Ivanhoe Mines Ltd. and First Quantum …
Indonesia aims to secure its position in the global chain of EV production with help from a powerful partner, China. Now, instead of exporting raw nickel ore, Chinese companies are partnering with Indonesian companies to export refined nickel products, such as nickel matte, which is a crucial component of many EV batteries.
After decades of hesitancy, the Canadian government is now vigorously pursuing relations with Indonesia, the largest member of the Association of Southeast Asian Nations (ASEAN). Officials are negotiating a bilateral comprehensive economic partnership agreement (CEPA).
This report documents the findings of CLW's investigation in nickel production plans in Indonesia. It aims to magnify Chinese overseas workers' voices by diving into their lived experiences in some of the largest nickel production industrial projects in Indonesia backed by ill-regulated Chinese capital. Nickel is a key material in the …
A Canadian unit of Vale Base Metals, Vale's (NYSE:VALE) copper and nickel spinoff, has agreed to sell a 14% stake in Vale Indonesia (PT Vale) to align with Indonesian ownership rules, it said Friday. Under the agreement, signed during the Asia-Pacific Economic Co-operation Leaders' Meeting this week with Indonesian President …
1 of 3 | . FILE - A man wears a one dollar bill on a miner's helmet painted in gold color in Bucharest, Romania, Sept. 21, 2013, during a protest against the exploitation of gold by by Gabriel Resources, a Canadian mining company, at Rosia Montana, the site of ancient Roman mining galleries in a mountainous western Romanian region and …
Canadian miner Ivanhoe has completed a feasibility study at its Platreef mine in South Africa, a project in which it owns a 64% stake, and aims to produce 219,000 ounces of platinum a year. Similarly, the Lac Des Illes mine in Canada restarted production in 2010 after a two year hiatus due to resurgent prices.
Indonesia's low-cost nickel suppliers will wipe out rivals in the next few years, cementing the country as the world's dominant producer of the metal vital to electric car batteries, the head ...
Rio Tinto IOC célèbre ses 70 ans dans la fosse du Labrador. Sept-Îles, CANADA – La Compagnie minière IOC de Rio Tinto (IOC) célèbre son 70e anniversaire, marquant sept décennies en tant que producteur et fournisseur nord-américain de premier plan de concentré et de boulettes de minerai de fer de haute qualité.
Michael Merwin is a retired EY partner who analyzed hundreds of global supply chains during a 30-year international consulting career. He is currently an adjunct professor in George Washington University's Elliott School of International Affairs, where he applies his business experience, PhD in economics, and master's in international affairs …
The federal government says it's monitoring a Chinese investment in a struggling Australian firm that owns Canada's only operating rare earths mine.. According to a release on the company's ...
Australia's Nickel Mines Ltd said on Wednesday it would acquire a 70% stake in the Oracle Nickel project in Indonesia in a $525 million deal, as it sets its eyes on becoming a global top-10 ...
As the world moves toward cleaner forms of energy, specific minerals and metals that support this transition have become "critical." Nickel — a major component used in electric vehicle (EV) batteries — is one such critical mineral. Demand for battery metals is forecast to increase 60-70 percent in the next two decades. This may be a boon for …
Last week Anglo American took a $500 million writedown on its nickel business. This week, BHP's CEO Mike Henry said the company will have to decide whether to shutter its flagship nickel ...
The mining industry in Indonesia has played a pivotal role in shaping the nation's economy and global resource market. In this series of Major Industries in Indonesia, we delve deep into the fascinating world of the mining industry in Indonesia, exploring its history, the types of minerals mined, environmental concerns, economic …
In its 20th edition, PwC's 2023 Mine: The era of reinvention, an annual review of the Top 40 mining companies globally, examined trends in the mining industry. In this report, PwC found market capitalisation of the Top 40 miners tripled from US$400bn in 2003 to US$1.2trn in 2022.
Minerals including lithium, copper, nickel and cobalt are key components of electric vehicles, solar panels and wind turbines, though countries like Canada and the U.S. have pushed to build a domestic supply chain to reduce China's dominance in the global mining industry.
China has found an ally in Canada's cash-strapped junior mining firms, some of which have called on Ottawa to relax tougher rules on Chinese investment while the sector struggles to raise capital while commodity prices are low.
Indonesia is the world's third-largest producer of coal, after India and China, and its mines are a fast-growing source of methane, a potent heat-trapping gas found in pockets alongside coal seams. But Indonesia has significantly underestimated the amount of methane unleashed for every ton of coal produced at surface mines, …
Global Critical Minerals Outlook 2024 - Analysis and key findings. A report by the International Energy Agency. ... This trend is most pronounced for nickel and cobalt, where the rise of Indonesia has significantly boosted the level of supply concentration. Between 2020 and 2023, Indonesia's share of mined nickel production increased from 34% ...
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Companies typically mine in order to make money, but China's also have grander concerns. Take China Minmetals, a state-run giant that has an exploration licence for about 7.3m hectares of ocean ...
Canadian law will be upheld in SRG Mining attempt to skirt security review for deal with China buyer, says industry minister Niall McGee Mining Reporter Published March 4, 2024
Global mine production of nickel in 2022 was estimated at 3.3 million tonnes, which is an increase of 20% from 2021. ... Indonesia was the largest producer at 1.6 million tonnes, or 49% of global mined production. Canada ranked sixth, producing 4% of the global total. ... Canadian mine production of nickel, by province, 2022 (p)
In 2022, Canada had a negative trade balance for minerals and metals of -$5.7 billion with China. The value of mineral exports to China increased by 11% to $10.5 billion in 2022. Mineral exports to China are predominantly stage 1 products, which accounted for 90% of the value in 2022. The top exports were: Coal ($3.5 billion or 33% …
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold's new record ...
The Canadian Trade Commissioner Service in Indonesia is recruiting Canadian mining supply and services companies to participate in the Canadian Trade Delegation to Indonesia Miner 2024 from June 3-6, 2024 in Jakarta, Indonesia.
Today, a majority of Indonesia's nickel mines, processing sites and supply deals are controlled by Chinese groups. This has led to nickel production increasing fourfold over the last decade — but not without criticism.
China and India will boost Indonesia's coal production in 2024, even beyond the target set this year, according to the Indonesia Mining and Energy Forum (IMEF). Indonesia plans to produce 710 million tons of coal in 2024. Government data shows that Indonesia's coal production hit a record high of 775 million tons last year.