Roman Coins Thought for Centuries to Be Fakes Get a Fresh Appraisal – by April Rubin (New York Times – November 27, 2022)

https://www.nytimes.com/

New research suggests that the gold coins, which were found in 1713 and long dismissed as forgeries, may be authentic.

In 1713, a medals inspector documented the acquisition of eight gold Roman coins that had been buried in Transylvania. For centuries, experts believed them to be forgeries — and poorly made ones, at that.

The coins featured the image of an otherwise unknown leader and characteristics that differed from other mid-third century Roman coins. But now researchers who have re-examined the coins, which were in a collection at the University of Glasgow, say they may, in fact, be authentic.

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The dirty road to clean energy: how China’s electric vehicle boom is ravaging the environment – by Antonia Timmerman (RestofWorld.org – November 28, 2022)

https://restofworld.org/

In neighboring Indonesia, nickel extraction is causing environmental and social devastation.

This March, a group of women gathered under the roof of a modest wooden shop in the Kurisa fishing village on Sulawesi, an Indonesian island east of Borneo. They held iced drinks in their hands and babies to their breasts.

It was a hot, dusty afternoon, and some of the older children were playing tag. The women were gossiping, but mostly, they talked about how there were no fish for their husbands to catch these days. “Making a living from the sea isn’t enough anymore,” said one woman. “Kurisa is dying.”

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Uranium-rich Niger struggles despite nuclear resurgence (RFI.fr/en- November 29, 2022)

https://www.rfi.fr/en/

Niamey (Niger) (AFP) – Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power. But its mining industry is in the doldrums.

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Burkina Faso’s vanishing gold boom puts livelihoods at risk – by Anne Mimault and Helen Reid (Reuters – November 28, 2022)

https://www.reuters.com/

OUAGADOUGOU, Nov 28 (Reuters) – A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market stall to running a meat business supplying a mine near Ouahigouya, his home town in the north of the country.

But as the West African country loses territory to Islamist militants and lurches from coup to coup, threatening to turn the boom to bust, Diallo is concerned he will be unable to retain all of his ten employees.

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Nickel processing goes on – by Editorial (Jakarta Post – November 25, 2022)

https://www.thejakartapost.com/

The recent decision of the panel of the World Trade Organization (WTO) Dispute Settlement Body against Indonesia’s policy of banning raw nickel export should not in any way distract the government’s focus on its well-designed strategy to develop the processing of nickel and other minerals in the country.

The government should instead appeal against the verdict of the panel which ruled in favor of the European Union’s complaint that the Indonesian raw nickel export ban imposed since January 2020 violated WTO rules.

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Bankers pour cold water on red hot coal – by Sarah Mcfarlane and Clara Denina (Reuters – November 24, 2022)

https://www.reuters.com/

LONDON, Nov 24 (Reuters) – It’s the best of times, it’s the worst of times. At least when it comes to mining coal. After years of decline, demand for the polluting fossil fuel has surged this year as Europe scrambles to replace Russian gas, and coal miners are making money hand over fist.

With coal prices hitting record highs, companies would normally expand their operations, but projects are being left on the table as most Western banks stand by climate pledges to restrict lending to the sector, according to a dozen mining company executives and investors.

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‘Others buy, Barrick builds’ – Bristow – by Staff (MiningWeekly.com – November 21, 2022)

https://www.miningweekly.com/

Bullion major Barrick Gold’s portfolio of gold and copper assets is projected to show strong growth over the next five to ten years, president and CEO Mark Bristow said at an investor meeting in New York on Friday.

The unlocking of value at the Pueblo Viejo gold mine in the Dominican Republic, following the finalisation of the location for the new tailings storage facility, would support that growth, he said.

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BHP, World’s Top Miner, Nears Biggest Acquisition in a Decade – by Rhiannon Hoyle (Wall Street Journal – November 17, 2022)

https://www.wsj.com/

Australia’s OZ Minerals says it intends to recommend BHP’s revised offer valuing its equity at $6.34 billion

ADELAIDE, Australia—BHP Group Ltd.; green up pointing triangle raised its offer for OZ Minerals Ltd. to value the Australian miner at $6.34 billion, as it seeks to produce more copper and nickel needed for electric vehicles, wind turbines and solar farms.

OZ Minerals said it intends to recommend shareholders vote in favor of BHP’s revised offer of 28.25 Australian dollars, the equivalent of about $18.90, a share. A completed deal would represent BHP’s largest acquisition since 2011 when it bought Petrohawk Energy Corp. for more than $12 billion.

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It’s Costing Peanuts for the US to Defeat Russia – by Timothy Ash (CEPA.org – November 18, 2022)

Home

Former President Trump, and others in the US including some Democrats as well as Republicans, have criticized continued US support for Ukraine in its war with Russia. They have called for military and financial support to Ukraine to be cut, even ended. They downplay the risk from Russia and argue that the money should be spent at home.

Yet from numerous perspectives, when viewed from a bang-per-buck perspective, US and Western support for Ukraine is an incredibly cost-effective investment.  Altogether, the Biden administration received Congressional approval for $40bn in aid for Ukraine for 2022 and has requested an additional $37.7bn for 2022. More than half of this aid has been earmarked for defense. 

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Rio to pursue Turquoise bid after ending talks with minority shareholders – by Melanie Burton (Reuters – November 18, 2022)

https://www.reuters.com/

MELBOURNE, Nov 18 (Reuters) – Rio Tinto Ltd (RIO.AX) said on Friday it would plough ahead with a $3.3 billion bid to buy the 49% of Canada’s Turquoise Hill Resources (TRQ.TO) that it does not already own, after it ended separate talks with dissenting minority shareholders.

The Anglo-Australian miner is seeking to simplify its management of the giant Oyu Tolgoi copper mine in Mongolia that it operates, but shares ownership through Turquoise Hill and the Mongolian government.

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Argentina could help the world by becoming a big lithium exporter (The Economist – November 15, 2022)

https://www.economist.com/

But can exports of the metal help sort out the country’s economic woes?

Picture a country in South America that is pro-business, is attractive to foreign capital and offers political stability for long-term investment. Most people would think of Chile. But when it comes to mining lithium, a light, salt-like metal used for batteries in electric vehicles and mobile phones, the country in question is its dysfunctional neighbour, Argentina.

Better known for triple-digit inflation and railing against the International Monetary Fund, Argentine officials have gone on a charm offensive to Washington, DC and London with a boosterish message: the mining sector is open for business.

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EU levels playing field as Chinese, Asian exporters are required to provide emissions data ahead of carbon tax – by Eric Ng (South China Morning Post – November 16, 2022)

https://www.scmp.com/

Manufacturers in China and elsewhere in Asia will have to furnish carbon emissions data to EU customers from next year ahead of the launch of the world’s first carbon tariff, according to a European Parliament member.

Regulations to level the playing field for imports and domestic products in terms of greenhouse gas emissions kick in next year, when disclosure of emissions of imported goods will be required. From 2026, a carbon tax will be charged in the EU based on the goods’ emissions.

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Investing in lithium mines may shield electric-vehicle makers from rising prices – by Anthony Barich (SP Global – November 2022)

https://www.spglobal.com/

It is time for electric-vehicle makers to go beyond lithium off-take agreements and get more involved in mining and processing, industry observers said.

Recent price increases for certain metals showed their vulnerability to supply chain disruptions, which threaten to boost the cost of clean energy technologies and slow their deployment, the International Energy Agency, or IEA, said in its World Energy Outlook 2022, published Oct. 27.

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World Population hits 8 billion, creating many challeges – by Dan Ikpoyi and Chinedu Asadu (Associated Press – November 16, 2022)

https://apnews.com/

LAGOS, Nigeria (AP) — The world’s population will likely hit an estimated 8 billion people on Tuesday, according to a United Nations projection, with much of the growth coming from developing nations in Africa.

Among them is Nigeria, where resources are already stretched to the limit. More than 15 million people in Lagos compete for everything from electricity to light their homes to spots on crowded buses, often for two-hour commutes each way in this sprawling megacity. Some Nigerian children set off for school as early as 5 a.m.

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Indonesia proposes to Canada setting up OPEC-like group for nickel – by Staff (Reuters – November 16, 2022)

https://www.reuters.com/

JAKARTA, Nov 16 (Reuters) – Indonesia has proposed in talks with Canada establishing an OPEC-like organisation for nickel producing countries, the Southeast Asian nation’s investment ministry said in a statement on Wednesday.

Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively. The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali.

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