Glencore

Osisko and Glencore Receive Australian Foreign Investment Review Board Approval for Investment in Metals Acquisition Corp

Retrieved on: 
Tuesday, May 30, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, United States Army Acquisition Corps, CSA, MAC, Acquisition, Condition precedent, Condition, FIRB, NYSE, Osisko Gold Royalties, Metal, Glencore

Metals Acquisition Corp. (NYSE: MTAL.U) (“MAC” or the “Company”) is pleased to announce that both Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties (“Osisko”) and Glencore have received approval from the Australian Foreign Investment Review Board (“FIRB”) for their investment in Metals Acquisition Corporation as part of the proposed acquisition of the CSA Copper Mine (“CSA”).

Key Points: 
  • Metals Acquisition Corp. (NYSE: MTAL.U) (“MAC” or the “Company”) is pleased to announce that both Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties (“Osisko”) and Glencore have received approval from the Australian Foreign Investment Review Board (“FIRB”) for their investment in Metals Acquisition Corporation as part of the proposed acquisition of the CSA Copper Mine (“CSA”).
  • FIRB approval is a Condition Precedent to the acquisition of CSA from Glencore as announced by MAC on March 17, 2022.
  • As a result, the transaction is not subject to any further Australian foreign investment approvals.
  • Mick added: “This is another significant milestone for MAC as it nears the close of the transaction.

EQS-News: EcoGraf Limited:  EcoGraf Appoints Independent Non-Executive Director

Retrieved on: 
Saturday, May 27, 2023
National Energy Technology Laboratory, BHP, Resources Industry Development Board, Audit, ASX, FSE, FMK, EGR, Mining, Vulnerability and Risk Committee, OTCQX, Knowledge, Eurasian Resources Group, Rio Tinto, Security (finance), Rare-earth element, Management, Glencore

Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE:FMK; OTCQX: ECGFF) is pleased to announce that Keith F Jones has been appointed to the Board as an independent, non-executive director, effective from today.

Key Points: 
  • Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE:FMK; OTCQX: ECGFF) is pleased to announce that Keith F Jones has been appointed to the Board as an independent, non-executive director, effective from today.
  • Mr Jones is a former Chairman of Deloitte Australia and served on that board for 12 years.
  • He is founding Chairman of Coda Minerals which is currently developing the Elizabeth Creek Copper Cobalt Project in South Australia.
  • This announcement is authorised for release by Andrew Spinks, Managing Director.

Alamos Gold Announces Results of the Annual General Meeting of Shareholders and Changes to its Board of Directors

Retrieved on: 
Friday, May 26, 2023
Science, Business development, AGI, University, Senior, Miner, BHP, MBA, Meeting, Steel, Metallurgy, Audit committee, Stowe, Retirement, Acquisition, Mining, Ferroalloy, Corporate finance, Glencore, TSX, Barrick Gold, Northwestern University, NYSE, Holding company, Management, Xstrata

TORONTO, May 26, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported a summary of the voting results of its Annual General Meeting of Shareholders (the “Meeting”).

Key Points: 
  • TORONTO, May 26, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported a summary of the voting results of its Annual General Meeting of Shareholders (the “Meeting”).
  • The Company is also announcing the retirement of Kenneth Stowe from the Board of Directors, and the appointment of Shaun Usmar.
  • Ken has been a valued member of the Alamos Board since 2011 and we wish him every success in his future endeavours,” said John A. McCluskey, President and Chief Executive Officer.
  • Previously, Mr. Usmar served as Senior Executive Vice President and Chief Financial Officer of Barrick Gold Corporation, from 2014 to 2016.

Palladium One Announces Exercise of Anti-Dilution Right by Strategic Shareholder

Retrieved on: 
Monday, May 15, 2023
PDM, Exercise, Palladium, Indian stock exchange, Acquisition, FSE, Funding, Security (finance), Glencore

The Common Shares were issued at a price of $0.11 per Common Share for aggregate gross proceeds of $818,297.80 (the "Financing").

Key Points: 
  • The Common Shares were issued at a price of $0.11 per Common Share for aggregate gross proceeds of $818,297.80 (the "Financing").
  • Following the Financing, Glencore holds approximately 9.99% of the Company's equity on a partially diluted basis.
  • All Common Shares issued under the Financing are subject to a four-month hold period from the closing date.
  • No fees were paid in connection with Glencore's investment.

Li-Cycle Reports First Quarter 2023 Operational and Financial Results; Announces Plans for a Significant European Recycling Hub with Glencore

Retrieved on: 
Monday, May 15, 2023
Automotive Manufacturing, Technology, Manufacturing, Other Energy, Other Technology, Other Manufacturing, Alternative Energy, Environment, Energy, Engineering, Sustainability, Spoke, Letter, Building material, Partnership, Recycling, DOE, PAETEC Holding Corp., Nickel, Glencore, Webcast, Growth, LIB, Banyan, Cobalt, Hub, NYSE, DFS, Three Months, Lithium, Rare-earth element, Video game, Portoscuso

From 2024, Li-Cycle will become the strategic and preferred recycling partner for Vietnamese-sourced battery materials of VinES.

Key Points: 
  • From 2024, Li-Cycle will become the strategic and preferred recycling partner for Vietnamese-sourced battery materials of VinES.
  • The agreement further contemplates the possible construction of a dedicated Spoke located close to the VinES manufacturing site in Vietnam.
  • We continued to make great progress developing and operationalizing our network growth plans in both North America and Europe.
  • Company management will host a webcast and conference call on Monday, May 15, 2023, at 8:30 a.m. Eastern Time.

Li-Cycle and Glencore Announce Plans for a Significant European Recycling Hub

Retrieved on: 
Tuesday, May 9, 2023
Automotive Manufacturing, Alternative Energy, Green Technology, Energy, Manufacturing, Technology, Recycling, EV, Electric Vehicles, Batteries, Environment, Mining, Minerals, Natural Resources, Other Technology, Automotive, Other Energy, Utilities, Workforce, Letter, Spoke, Partnership, Metal, LON, Multimedia, PAETEC Holding Corp., Nickel, Kilowatt-hour, Growth, Ecosystem, OEM, Cobalt, NYSE, DFS, Lithium, Electric battery, European, Continent, Glencore, Portoscuso

Li-Cycle and Glencore also anticipate forming a 50/50 joint venture that would repurpose part of the existing Glencore metallurgical complex in Portovesme, Italy to create the Portovesme Hub.

Key Points: 
  • Li-Cycle and Glencore also anticipate forming a 50/50 joint venture that would repurpose part of the existing Glencore metallurgical complex in Portovesme, Italy to create the Portovesme Hub.
  • This also marks a significant step in our collaboration with Li-Cycle, a preferred partner in the lithium-ion battery recycling space.
  • Click here to access a short video about Li-Cycle and Glencore’s joint plans regarding the Portovesme Hub.
  • Li-Cycle expects to provide further commentary on the Portovesme Hub during its 2023 first-quarter earnings conference call on May 15, 2023.

Top Three Technologies Transforming The Mining Market In The Forecast Period- By The Business Research Company

Retrieved on: 
Wednesday, May 3, 2023
3D, Consultant, Coal India, Rio Tinto (corporation), Lidar, Vale S.A., Drone, Environmental monitoring, Acquisition, BHP Group Limited v Impiombato, HOOPS Visualize, Mining, Visualize, MCL, Glencore, Velodyne, Anglo American plc

LONDON , May 3, 2023 /PRNewswire/ -- As per The Business Research Company's Mining Global Market Report 2023, the global mining market will grow from $2022.6 billion in 2022 to $2145.1 billion in 2023 at a compound annual growth rate (CAGR) of more than 6%. The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%. Going forward, major mining industry drivers such as a rise in infrastructure development, increasing merger and acquisition activities, increasing implementation of autonomous equipment and increasing construction activities will drive the mining industry growth.

Key Points: 
  • The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%.
  • The global mining market is slightly fragmented, with a large number of small players, as per the mining industry overview .
  • Major mining industry companies are adopting the following technologies in their businesses:
    LiDAR is gaining popularity among the mining industry trends.
  • The mining market size will gain the most in China at $192.2 billion.

Top Three Technologies Transforming The Mining Market In The Forecast Period- By The Business Research Company

Retrieved on: 
Wednesday, May 3, 2023
3D, Consultant, Coal India, Rio Tinto (corporation), Lidar, Vale S.A., Drone, Environmental monitoring, Acquisition, BHP Group Limited v Impiombato, HOOPS Visualize, Mining, Visualize, MCL, Glencore, Velodyne, Anglo American plc

LONDON, May 3, 2023 /PRNewswire/ -- As per The Business Research Company's Mining Global Market Report 2023, the global mining market will grow from $2022.6 billion in 2022 to $2145.1 billion in 2023 at a compound annual growth rate (CAGR) of more than 6%. The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%. Going forward, major mining industry drivers such as a rise in infrastructure development, increasing merger and acquisition activities, increasing implementation of autonomous equipment and increasing construction activities will drive the mining industry growth.

Key Points: 
  • The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%.
  • The global mining market is slightly fragmented, with a large number of small players, as per the mining industry overview .
  • Major mining industry companies are adopting the following technologies in their businesses:
    LiDAR is gaining popularity among the mining industry trends.
  • The mining market size will gain the most in China at $192.2 billion.

Ivanhoe Mines and Gécamines Agree on Off-Take and Financing Terms to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production

Retrieved on: 
Thursday, April 27, 2023
Transfer, Amos, Female, Zinc, Technical report, Congo, Ventilation, Congolese, ITF Enhancing Human Security, Cairns Plywood Pty Ltd Sawmill Complex, Bay, News, Mining, Executive, Perimeter, Human back, Work, GM, SEDAR, TSX, International Women's Media Foundation, Injury, Congestion, Engineering, Cell, P5, Government, Kipushi Mine, NI, MOU, LHD, Partnership, ROM, Education, KICO, Bond Equipe, SOFR, LHD (load, haul, dump machine), SMPP, XRF, Democratic republic, Nature, FLSmidth, DMS, Uranium mining, Tunnel, Automotive industry, Typesetting, Cryptocurrency, Oil, Conveyor system, Iron ore, Prefabrication, Drug, Epiroc, Haut-Katanga Province, DRC, Ivanhoe Mines, Glencore

"The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.

Key Points: 
  • "The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.
  • "In partnership with Gécamines, we are closing in on a monumental achievement to return the great Kipushi Mine to production.
  • KICO is 68% owned by Kipushi Holding, a wholly owned subsidiary of Ivanhoe Mines, and the remaining 32% of KICO is owned by Gécamines.
  • Back (L-R): Ludovic Monga Banza Kabongo, Deputy GM, Gécamines; Olivier Binyingo, SVP Public Affairs DRC, Ivanhoe Mines; Jack Masangu A Mwanza, Deputy GM, Gécamines; Stephane Cormier, Advisor, Gécamines.

Norsk Hydro: Robust results, executing on strategy

Retrieved on: 
Friday, April 28, 2023
Lithium, Energi, Hydro, TRI, Shanghai Metals Market, Loss, Recycling, Trade union, EV, Bauxite, NHO, PAX, Strike, Annual, Health, Battery, Extrusion, Energy, LME, EBIT, Carbon, APM, USD, FLT, EVS, Share repurchase, Confederation of Vocational Unions, EBITDA, MRN, Acquisition, Investment, Risk, PCS, Glencore, CO2, Growth, Silicon, Transport, NOK, Safety, Renewable energy, Aluminium, Bank, Cryptocurrency, Video game, Arms industry, Nordic, Porsche, Industri Energi, European

“Hydro is delivering robust financial results and executing on our strategic objectives, despite volatile markets and weaker demand.

Key Points: 
  • “Hydro is delivering robust financial results and executing on our strategic objectives, despite volatile markets and weaker demand.
  • This 40 percent interest will be acquired by Hydro from Vale and immediately sold to Glencore on a back-to-back basis.
  • The transaction is an important step to deliver on Hydro’s strategy.
  • Hydro will continue to be long alumina, but now more balanced in relation to the demand from our aluminium smelter portfolio.