Cobalt
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Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to US$10.4 million. In a report for clients, Lewis said it…
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All the mines Tesla needs to build 20 million cars a year
MINING.COM executive editor Frik Els takes a look at how much metal Tesla will actually need to meet its ambitious production plans.
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Power Play: CMJ and Mining Intelligence take a look at Canada’s top undeveloped battery minerals projects
The largest undeveloped battery projects in Canada
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First Cobalt secures five-year cobalt sulphate offtake contract
As First Cobalt (TSXV: FCC) readies for a restart of its Ontario refinery next year, the company has announced a five-year offtake agreement with London-based metals trader Stratton Metals for the sale of cobalt sulphate from the Temiskaming Shores hydrometallurgical…
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Wheaton enjoys record 2020 revenue of $1.1B
Wheaton Precious Metals (TSX: WPM) has reported record 2020 revenues of US$1.1 billion with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22.9 million oz. silver, and 22,187 oz. palladium. Operating cash flow for the year…
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Generation Mining feasibility defines 13-year open pit mine
A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 t/d open pit operation producing a copper-PGM (platinum group metal) concentrate for sale to an off-site smelter. In its first…
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Seafloor miner DeepGreen plans listing through merger with SPAC
Seafloor mining hopeful DeepGreen Metals is planning to go public through a merger with Sustainable Opportunities Acquisition Corp. (NYSE: SOAC), a special purpose acquisition fund (SPAC) focused on ESG, energy and metals. The combined company will be called The Metals…
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Interview: Clean TeQ’s Sunrise battery materials complex in Australia is construction ready
Clean TeQ’s (ASX: CLQ; US-OTC: CTEQF) Sunrise project in New South Wales, Australia, is one of the largest nickel/cobalt deposits in the world and one of the largest and highest grade accumulations of scandium ever discovered. The project has proven…
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Glencore inks ‘ethical cobalt’ deal with Norway’s FREYR
Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes. The cobalt, which will be produced at the Swiss company’s Nikkleverk facility…
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First Cobalt starts pre-construction work on Ontario refinery
First Cobalt has begun pre-construction work at its permitted cobalt refinery in Ontario. The company is now working on detailed engineering and procurement of long lead-time items, including a cobalt crystallizer and solvent extraction and filtering equipment. Pilot plant test…
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Canada Nickel reports high-grade concentrate from Crawford testing
Canada Nickel has announced processing test results from its Crawford nickel-cobalt sulphide project in the Timmins-Cochrane mining district. The latest processing data suggests a 52% nickel recovery, with 46% of the recovered nickel splitting into a high-grade nickel concentrate, at…
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Clean Air Metals tables resource for Thunder Bay North based on underground scenario
Clean Air Metals has released updated resources for the PGM-cobalt-copper-nickel Current Lake and Escape Lake deposits within its Thunder Bay North project in Ontario, 50 km from Thunder Bay. The company now plans to advance Current Lake towards a preliminary…
