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Marathon Oil Announces LNG Sales Agreement for Alba Gas in E.G.

Retrieved on:

Monday, October 16, 2023

Transfer, MRO, TTF, NYSE, Henry Hub, GLEN, European, EBITDA, Marathon Oil, Natural gas, Oil, Growth, LSE, Methanol, Glencore, LNG

HOUSTON, Oct. 16, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced that through its wholly-owned subsidiaries it has entered into a five-year firm LNG sales agreement with Glencore Energy UK Ltd, a subsidiary of Glencore PLC (LSE: GLEN), for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO 64% working interest) in Equatorial Guinea (E.G.), effective Jan. 1, 2024. The pricing structure for the LNG sales agreement is linked to the Dutch Title Transfer Facility (TTF) index, less a fixed transportation fee, providing Marathon Oil with significant incremental exposure to the European LNG market.

Key Points:

The pricing structure for the LNG sales agreement is linked to the Dutch Title Transfer Facility (TTF) index, less a fixed transportation fee, providing Marathon Oil with significant incremental exposure to the European LNG market.
Separately, due to the expected arbitrage between LNG and methanol pricing, Marathon Oil announced it expects to optimize its E.G.
integrated gas operations in 2024 by redirecting a portion of Alba Unit natural gas from the local methanol facility (MRO 45% working interest) to the LNG facility (MRO 56% working interest).
Alex Sanna, Head of Oil and Gas Marketing, Glencore PLC, said: "We are delighted to further expand our cooperation with Marathon Oil.

World's Mineral Leaders Gather in Riyadh to Attend Third Edition of Future Minerals Forum

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Tuesday, October 3, 2023

RIYADH, Saudi Arabia, Oct. 3, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Recourses announced that over 200 speakers, including CEOs from the world's foremost mineral companies, are set to attend the third edition of the Future Minerals Forum (FMF), which is scheduled to take place from January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh.

Key Points:

"FMF is a government-led initiative, serves as a vital platform for fostering partnerships among global investors, mining firms, and stakeholders.
With a focus on the super region covering Africa, Western and Central Asia, FMF amplifies the voices of mineral suppliers, facilitating their pivotal role in the global green transition.
In doing so, FMF supports economic development by uniting decision makers, driving investment, and promoting responsible mining, processing and manufacturing industries needed for supplying clean energy and goods."
said His Excellency the Vice-Minister of Industry and Mineral Resources for Mining Affairs, Khalid Al-Mudaifer.

World's Mineral Leaders Gather in Riyadh to Attend Third Edition of Future Minerals Forum

Retrieved on:

Tuesday, October 3, 2023

RIYADH, Saudi Arabia, Oct. 3, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Recourses announced that over 200 speakers, including CEOs from the world's foremost mineral companies, are set to attend the third edition of the Future Minerals Forum (FMF), which is scheduled to take place from January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh.

Key Points:

"FMF is a government-led initiative, serves as a vital platform for fostering partnerships among global investors, mining firms, and stakeholders.
With a focus on the super region covering Africa, Western and Central Asia, FMF amplifies the voices of mineral suppliers, facilitating their pivotal role in the global green transition.
In doing so, FMF supports economic development by uniting decision makers, driving investment, and promoting responsible mining, processing and manufacturing industries needed for supplying clean energy and goods."
said His Excellency the Vice-Minister of Industry and Mineral Resources for Mining Affairs, Khalid Al-Mudaifer.

Li-Cycle Celebrates the Opening of One of the Largest Lithium-Ion Battery Recycling Facilities in Europe in Saxony-Anhalt, Germany

Retrieved on:

Wednesday, September 27, 2023

View the full release here: https://www.businesswire.com/news/home/20230927626410/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230927626410/en/
Ribbon cutting at Li-Cycle’s grand opening event at its Spoke recycling facility in Saxony-Anhalt, Germany.
Germany also represents the largest market for both battery manufacturing scrap and end-of-life lithium-ion batteries in Europe.
Our first Spoke in Europe is supporting our growing customer base in Germany, the largest battery market on the Continent.
The full-scale Phase 2 of the Portovesme Hub is expected to be one of the largest sources of sustainable recycled battery materials in Europe.

Copper Cathode Market to grow by USD 7.82 million during 2022-2027 | Rising demand for copper cathode from construction, electronics, and automotive industries to drive the growth - Technavio

Retrieved on:

Wednesday, September 27, 2023

Rising demand for copper cathode from the construction, electronics, and automotive industries drives the copper cathode market.

Key Points:

Rising demand for copper cathode from the construction, electronics, and automotive industries drives the copper cathode market.
Various industries, namely construction, electronics, and automotive industries, are creating demand for copper cathodes.
The rising demand can be attributed to factors such as population growth, urbanization, technological advancements, and increased automobile production.
The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Pan American Silver completes the divestment of MARA and Morococha

Retrieved on:

Monday, September 25, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has completed the previously announced divestment of its 56.25% interest in the MARA project in Argentina and its 92.3% interest in the Morococha mine in Peru.

Key Points:

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has completed the previously announced divestment of its 56.25% interest in the MARA project in Argentina and its 92.3% interest in the Morococha mine in Peru.
The sale of these non-core assets is aligned with Pan American's stated aim of optimizing its portfolio following the acquisition of Yamana Gold Inc.
The transactions will allow Pan American to reduce its annual project development, reclamation and care and maintenance costs, which for the MARA project and Morococha amounted to US$15.7 million in the second quarter of 2023.
Under the terms of the agreement for the MARA sale, Glencore International AG ("Glencore") paid US$475 million, in cash and granted to Pan American a life-of-mine copper net smelter return royalty of 0.75%, with the right for Pan American to freely transfer the royalty.

Li-Cycle and Glencore Accelerate Operational Plans for European Recycling Hub

Retrieved on:

Monday, September 18, 2023

The previously announced Portovesme Hub project plan (now “Phase 2”) remains the same.

Key Points:

The previously announced Portovesme Hub project plan (now “Phase 2”) remains the same.
The Portovesme Hub is being designed to be able to process all forms of lithium-ion based black mass, including lithium iron phosphate (LFP) materials.
“We are excited to accelerate our plans with Glencore to establish clean, post-processing refining capacity for recycled lithium-ion batteries in Europe,” said Tim Johnston, Li-Cycle’s Executive Chair and co-founder.
Li-Cycle and Glencore anticipate forming a 50/50 joint venture for the Portovesme Hub, which also contemplates competitive long-term financing from Glencore to fund Li-Cycle’s share of the capital investment.

Metals Acquisition Limited Appoints Patrice Merrin as Chair of the Board

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Tuesday, September 5, 2023

Mining, Minerals, Natural Resources, CSA, Glencore, Nev Power, Stillwater Mining Company, MAC, Acquisition, Detour Gold, NYSE

Metals Acquisition Limited (NYSE: MTAL)(“MAC” or the “Company”) today announced the appointment of Ms. Patrice Merrin as Chair of the Board of Directors.

Key Points:

Metals Acquisition Limited (NYSE: MTAL)(“MAC” or the “Company”) today announced the appointment of Ms. Patrice Merrin as Chair of the Board of Directors.
Ms. Merrin replaces Mr. Neville Power who has resigned from the Board to pursue other opportunities.
Ms. Merrin chaired the predecessor company, Metals Acquisition Corporation, from its founding until August 2022, when she stepped out of that role as the Company pursued the acquisition of the CSA Copper Mine then owned by Glencore Plc on which board she served from June 2014 until May 2023.
Further information related to Ms. Merrin can be found at www.metalsacquisition.com
“It has been an honour and a privilege to Chair Metals Acquisition Limited through the CSA mine purchase and public listing process.

FREYR Battery Welcomes SAP to Energy Transition Acceleration Coalition

Retrieved on:

Tuesday, September 5, 2023

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).

Key Points:

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).
“We are delighted to welcome SAP, one of the world’s premier software companies, into the ETAC on behalf of our other partners.
“We are honoured to be part of the ETAC and to support FREYR in developing decarbonized solutions through clean batteries.
The collective challenge faced by all stakeholders within the battery value chain is the scaling of the battery business.

Stillwater Critical Minerals to Present at the Clean Energy Metals Virtual Investor Conference August 24th

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Tuesday, August 22, 2023

Metal, Kluane, Platinum, OTCQB, Palladium, Mineral, Treasury, Gold, Sibanye-Stillwater, Chromium, Nickel, PGE, Glencore, Copper, Cobalt, Conference, Rhodium

VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Stillwater Critical Minerals (OTCQB: PGEZF | TSX.V: PGE), based in Vancouver, Canada, today announced that Michael Rowley, President & CEO, will present live at the Clean Energy Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on August 24th , 2023.

Key Points:

VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Stillwater Critical Minerals (OTCQB: PGEZF | TSX.V: PGE), based in Vancouver, Canada, today announced that Michael Rowley, President & CEO, will present live at the Clean Energy Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on August 24th , 2023.
Stillwater Critical Minerals is focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA.
Drilling is currently underway, funded by a 9.99% strategic equity investment by Glencore, announced in Q2 2023.
Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA.