Vale closes Brazil transaction with Anglo American

Vale announced it has fulfilled all conditions precedent in its partnership with Anglo American, where the company has acquired a 15% equity interest in Minas-Rai mine complex owner Anglo American Minério de Ferro Brasil. Considering the closing of the transaction, Anglo American will now own the Serra da Serpentina assets previously owned by Vale in Brazil. Under the terms of…

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India, U.S. sign critical mineral supply chain pact

The Commerce and Trade Minister of India, Piyush Goyal, and U.S. Commerce Secretary Gina Raimondo signed their names to an agreement last week promising to cooperate on strengthening supply chains in the two countries for lithium, cobalt and other critical minerals. The Commerce Department said in a statement October 3 that the now-inked memorandum of understanding aims to build resilience…

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Metso expands VSF lineup with modular plant

Metso has expanded its solvent extraction offering with a wider capacity range and improved features, and is now also introducing the VSF X solvent extraction plant with extended scope. The modular VSF X plant, part of Metso’s Planet Positive offering, allows copper, cobalt, nickel and manganese producers, among others, to purify desired metals from the leach solution in a safe,…

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Metso upgrades Finland research facility

Metso said it has modernized its pilot facility at the Metso Research Center in Pori, Finland, with expanded capabilities for lithium hydroxide (LiOH) and other battery chemicals process testing. The unique pilot line serves mining and battery industry customers processing battery minerals. In connection with the expansion, Metso has also opened a battery materials precursor (pCAM) pilot plant, available now…

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Saudi Arabia to invest in mining assets

State-owned Saudi Arabian Mining Co. (Ma’aden) has agreed to form a joint venture with the kingdom’s sovereign wealth fund to invest in mining assets globally, reported Reuters. Ma’aden will own 51% in the venture while the Public Investment Fund will own 49%, the company said in a regulatory filing. The miner said the new venture’s strategy “will initially be to…

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