Tag: metal

Thailand backtracks on scope of discovered lithium deposits

BANGKOK, Jan 22, 2024 (AFP) – Thailand has backtracked on an announcement that it found millions of tonnes of lithium deposits last week, with the government downgrading the scope of its discovery. On Friday, Bangkok announced it had found nearly 15 tonnes of lithium deposits at two sites in the southern province of Phang Nga, which would have ranked its reserves third in the world. But officials had instead discovered 14.8 million tonnes of mineral […]

NASA set to journey to a metal-rich asteroid

By Chandan Khanna with Issam Ahmed in Washington KENNEDY SPACE CENTER, United States, Oct 12, 2023 (AFP) – It’s a world like no other: a metal-rich asteroid that could be the remnants of a small planet, or perhaps an entirely new type of celestial body unknown to science. A NASA probe is set to blast off Friday bound for Psyche, an object 2.2 billion miles (3.5 billion kilometers) away that could offer clues about the […]

Riot at Chinese-funded nickel plant in Indonesia kills two

Jakarta, Indonesia (AFP) Two workers including a Chinese national were killed at a nickel smelting plant in Indonesia at the weekend after a riot broke out during a protest over labour conditions, officials said Monday. The clashes began Saturday evening at the facility on Indonesia’s Sulawesi island operated by PT Gunbuster Nickel Industry (GNI), a local unit of China’s Jiangsu Delong Nickel Industry. The island is a hub for the mineral-rich country’s production of the […]

Chile court freezes multi-million dollar lithium deal

SANTIAGO, Chile (AFP) – A Chilean appeals court on Friday suspended a million-dollar state lithium tender issued two days earlier that had generated controversy for coming just two months before the end of conservative President Sebastian Pinera’s term. “Bearing in mind that the contested act is in full execution, it is agreed not to innovate, paralyzing the bidding and award process for the lithium, while this appeal is resolved,” said the court in Copiapo in […]

US bill aims to end China’s ‘chokehold’ on America’s rare earth supplies

WASHINGTON, D.C., United States (AFP) – Two US senators have proposed a law aiming to end China’s alleged “chokehold” on rare-earth metal supplies, a statement by the lawmakers said Friday. The law — proposed by Democrat Mark Kelly and Republican Tom Cotton — would aim to ensure the United States can guarantee its supplies of rare-earth minerals. “The Chinese Communist Party has a chokehold on global rare-earth element supplies, which are used in everything from batteries […]

Mining firm, eco-activists battle over unique Chile archipelago

by Pablo COZZAGLIO / Alberto PEÑA Agence France-Presse LA HIGUERA, Chile (AFP) – The Humboldt archipelago off the northern Pacific coast of Chile is a “natural treasure” and refuge for unique species of fauna, including a particular type of penguin and an otter on the brink of extinction. But its fragile ecosystem is under threat, say environmentalists, from a $2.5 billion mining project on the nearby mainland that has stirred the debate in Chile between […]

Taliban inherit untapped $1 trillion trove of minerals

The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could power the world’s transition to renewable energies, but Afghanistan has long struggled to tap its vast deposits. The Taliban are already in a financial bind since they returned to power 20 years after their ouster, as major aid donors halted their support for Afghanistan. Endless wars and poor infrastructure have prevented the country from getting its hands on […]

Mystery stones spark diamond rush in poor South African region

by Claire DOYEN KWALHATHI, South Africa (AFP) — Single mother Lihle Magudulela spat out a mouthful of dirt as she sucked on a stone dug up from a hillside in South Africa’s KwaZulu-Natal province, convinced she might have found a diamond. Thousands have flocked to the outskirts of KwaHlathi village, more than 300 kilometres (186 miles) southeast of Johannesburg, after a cattle herder last week unearthed a handful of unidentified crystal-like stones. News of the […]

Putin declares state of emergency over Siberian fuel spill

MOSCOW, Russia (AFP) — Russian President Vladimir Putin on Wednesday ordered a state of emergency and criticised a subsidiary of metals giant Norilsk Nickel after a massive diesel spill into a Siberian river. The spill of over 20,000 tonnes of diesel fuel took place on Friday. A fuel reservoir collapsed at a power plant near the city of Norilsk, located above the Arctic Circle, and leaked into a nearby river. The accident is the second largest […]

US delays metals tariffs on EU, Canada, Mexico for 30 days: W. House

WASHINGTON, United States (AFP) — US President Donald Trump opted Monday to hold fire on imposing steel and aluminum tariffs on the European Union, Canada, and Mexico for 30 days, the White House announced — offering key allies a reprieve during ongoing negotiations. Washington has also reached a deal with South Korea on steel imports, and “agreements in principle” with Argentina, Australia, and Brazil, “the details of which will be finalized shortly,” the White House […]