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International Media Resource Articles

Renard Diamond Mine to Be Repurposed for Lithium – by Leah Meirovich (Rapaport Magazine – April 4, 2024)

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Winsome Resources has signed an agreement to acquire the Renard diamond mine and its infrastructure, with plans to convert it into a processing facility for its Adina Lithium project. Subject to approval by a Quebec Court, Winsome will pay Renard owner Stornoway Diamonds a total of CAD 52 million ($38.5 million) in cash, shares in the company, or a combination of both, it said Wednesday.

The lithium miner will have until September 30 to gain approval, with the option to extend to February 28, 2025. Winsome will not assume any of Stornoway’s financial obligations other than mine rehabilitation, it noted. Stornoway will keep any remaining diamond inventory and equipment directly associated with diamond mining.

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A Nuclear Power Revival Is Sparking a Surge in Uranium Mining – by Jim Robbins (Yale Environment 360 – April 4, 2024)

https://e360.yale.edu/

A push for nuclear power is fueling demand for uranium, spurring the opening of new mines. The industry says new technologies will eliminate pollution from uranium mining, but its toxic legacy, particularly in the U.S. Southwest, leaves many wary of an incipient mining boom.

After sitting dormant since the 1980s, the Pinyon Plain uranium mine began operating in January on the Kaibab National Forest in Arizona, about seven miles south of the Grand Canyon. Thanks to new interest in expanding nuclear power, the price of uranium is on a tear, making undeveloped and long-shuttered mines viable. Pinyon Plain, which has some of the highest-grade uranium ore in the country, is one of the first uranium mines to open in the United States in eight years.

It will not be the last. In the U.S. and around the world, uranium mining is experiencing a revival. At least five producers in the U.S. are reactivating mines in Texas, Utah, Wyoming, and Arizona, all of which closed after the 2011 disaster at Fukushima sent the price of uranium plummeting. Other projects are underway internationally, including new mines planned in Canada, India, and Mongolia.

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War a real threat and Europe not ready, warns Poland’s Tusk – by Paul Kirby (BBC News – March 2024)

https://www.bbc.com/

Polish Prime Minister Donald Tusk has delivered a blunt warning that Europe has entered a “pre-war era” and if Ukraine is defeated by Russia, nobody in Europe will be able to feel safe.

“I don’t want to scare anyone, but war is no longer a concept from the past,” he told European media. “It’s real and it started over two years ago.” His remarks came as a fresh barrage of Russian missiles targeted Ukraine. Russia has intensified its bombardment of Ukraine in recent weeks.

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Russia’s Nornickel: Some EU clients refuse to buy products made of Russian metal (Reuters – March 30, 2024)

https://www.reuters.com/

MOSCOW, March 29 (Reuters) – Russia’s Nornickel, the world’s largest palladium producer and a major producer of high-grade nickel, said on Friday that some clients in the European Union had refused to buy products made with Russian metals.

Although Nornickel itself and its metals is not a target of Western sanctions some consumers are voluntarily shunning deals for its metals and of products made from Russian raw materials, said Anton Berlin, vice president for sales.

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The Sahel’s ‘Axis of Resistance’ – by Pepe Escobar (The Cradle – April 1, 2024)

https://thecradle.co/

The African Sahel is revolting against western neocolonialism – ejecting foreign troops and bases, devising alternative currencies, and challenging the old multinationals. Multipolarity, after all, cannot flower without resistance paving its path.

The emergence of Axes of Resistance in various geographies is an inextricable byproduct of the long and winding process leading us toward a multipolar world. These two things – resistance to the Hegemon and the emergence of multipolarity – are absolutely complementary.

The Axis of Resistance in West Asia – across Arab and Muslim states – now finds as its soul sister the Axis of Resistance spanning the Sahel in Africa, west to east, from Senegal, Mali, Burkina Faso, and Niger to Chad, Sudan, and Eritrea.

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Uranium mined near Grand Canyon as prices soar, US pushes more nuclear power – by Susan Montoya Bryan (Associated Press/Arizona Capital Times – March 31, 2024)

Arizona Capitol Times

The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that largely has sat dormant since the 1980s. The work is unfolding as global instability and growing demand drive uranium prices higher.

The Biden administration and dozens of other countries have pledged to triple the capacity of nuclear power worldwide in their battle against climate change, ensuring uranium will remain a key commodity for decades as the government offers incentives for developing the next generation of nuclear reactors and new policies take aim at Russia’s influence over the supply chain.

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Like Jewels, Will Travel – by Amy Elliot (New York Times – April 2, 2024)

https://www.nytimes.com/

Gem- and jewelry-themed tours and excursions mix treasure hunting with adventure and cultural experiences.

Last year, when Roberto Ruiz visited the Carbonera mine in Querétaro, Mexico, he cracked open a grapefruit-size piece of rhyolite with a hammer. When he looked inside, “it was like finding a fire fossil,” he said during a recent phone interview from his home in San Antonio. Inside was an orangey-red fire opal that he likened to a flame, forever preserved in the sphere of igneous rock.

Mr. Ruiz and his wife, Erika Rodriguez, are among the few people who have traveled to the mine, a desolate spot located in Carbonera in central Mexico, a destination that’s well off the beaten tourist track, some 20 miles from the nearest city.

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Indonesia vows to speed up nickel output despite global glut – by A. Anantha Lakshmi (Australian Financial Review – Apr 1, 2024)

https://www.afr.com/

Jakarta | Indonesia will press on with plans to expand nickel output despite a supply glut that is forcing rivals to shut down mines, as the world’s top producer aims to keep prices low and protect long-term demand for the metal crucial to electric car batteries, a senior government official has said.

The country’s production capacity for battery-grade nickel was expected to quadruple to 1 million tonnes by 2030, said Septian Hario Seto, the deputy co-ordinating minister for investment and mining. Capacity for nickel pig iron, which is used to make stainless steel, was projected to expand by up to 15 per cent in three years from the current 1.9 million tonnes, he added.

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How Gulf states are putting their money into mining – by Harry Dempsey and Chloe Cornish (Financial Times – March 31, 2024)

https://www.ft.com/

Hungry to diversify their economies beyond fossil fuels, Middle Eastern powers are investing in the resources needed to produce clean energy

In the summer of 2023, Rothschild bankers working for Zambia’s government were close to finalising a shortlist of buyers for a prized copper mine.

Mopani, a troubled but rare asset formerly owned by resources giant Glencore, had drawn offers worth hundreds of millions of dollars from big names in the mining world eager to gain access to a metal that is crucial to clean energy technologies of the future.

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‘A 1939 moment’: Jim Sciutto on Russia, China and the threat of war – by David Smith (The Guardian – March 10, 2024)

https://www.theguardian.com/

At CNN in Washington, Jim Sciutto’s dimly lit office is both man cave and shrine to a foreign correspondent who has reported from more than 50 countries. A typewriter he bought on Portobello Road during a decade in London. Photos he took in Afghanistan and Ukraine.

A Vietnamese newspaper account of the time he rode over the South China Sea on a US spy plane. A corked bottle of water from his trip to the north pole in a US nuclear submarine. A fragment of the Black Hawk helicopter destroyed in the raid that killed Osama Bin Laden. “I’m not sure I should have that,” Sciutto confesses, “but I do.”

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America’s lithium laws fail to keep pace with rapid development – by Ernest Scheyder (Reuters – March 25, 2024)

https://www.reuters.com/

March 25 (Reuters) – Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China’s control of the critical minerals sector.

Across Texas, Louisiana and other mineral-rich states, it’s unclear who owns the millions of metric tons of lithium locked in salty brines underneath U.S. soils, how the battery metal should be valued by regulators and who ultimately should pay to process it into a form usable by manufacturers.

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Signet Says Shoppers Getting Wiser on Falling Lab-Grown Prices – by Joshua Freedman (Rapaport Magazine – March 21, 2024)

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Deep discounting by independent jewelry, especially on lab-grown, impacted Signet’s average transaction value in the fiscal fourth quarter that ended February 3, Drosos explained.

The retailer’s sales fell 6% year on year to $2.5 billion during the period, it reported Wednesday. The average transaction value slipped 0.6% in North America and slumped 10% in other regions as the jeweler sold some of its prestige watch locations.

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Cleveland Cliffs gets part of $6 billion funding to slash emissions in industrial facilities – by Rick McCrabb (Dayton Daily News/Associated Press – March 25, 2024)

https://www.daytondailynews.com/

Middletown steel plant among projects that will slash planet-warming greenhouse gas emissions.

MIDDLETOWN — Cleveland-Cliffs Middletown Works is expected to receive a major investment up to $500 million to overhaul the ironmaking systems and install a new environmentally friendly system.

The 100% hydrogen-ready, flex-fuel direct reduction plant will be directly coupled to two electric melting furnaces to produce iron with nearly zero greenhouse gas emissions, according to U.S. Sen. Sherrod Brown’s (D-OH) office.

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Canada leads on critical minerals while the U.S. falters – by Barry Butterfield Nebraska Examiner – March 22, 2024)

https://nebraskaexaminer.com/

While the United States dawdles, Canada has quietly taken the lead in countering China’s grip on the global supply of critical metals. Both the United States and Canada have raised the alarm over China’s control of mineral supply chains, but only our northern neighbors are taking decisive action to do something about it.

It is not rocket science to figure out how to solve the crisis. Nor is it hard to tell whether a country is serious when it proposes a solution. Canada wants to slash the time it takes to get new mines up and running, and it’s zeroing in on streamlining regulatory review and improving its mine permitting process.

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This refurbished mine in Wales is the world’s ‘deepest’ hotel – by Vibhuti Pathak (Eastern Eye – March 22, 2024)

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The mine where the hotel is built was shut down and left empty in the 1900s.

The rugged peaks of Snowdonia National Park in Wales are a haven for hikers and nature enthusiasts. Lush valleys unfurl beneath dramatic mountains, promising breathtaking vistas and crisp mountain air. But for the truly adventurous, a different kind of escape awaits—an escape not into the wild, but deep beneath it. Nestled a staggering 1,375 feet underground, the Deep Sleep Hotel beckons slumberers with a unique proposition: the world’s deepest sleep experience.

You will forget the usual hotel lobby hustle. Here, check-in transforms into an Indiana Jones-esque prelude to your slumber. Helmets, headlamps, and sturdy boots replace room keys.

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