Australia's financial services regulator has broadened a probe into miner TerraCom and assayer ALS Ltd over inflating coal quality in export documentation, information provided to an Australian Senate committee showed.
Australian mining magnate Andrew Forrest's Wyloo Metals said on Tuesday it would launch an unsolicited bid for the shares in nickel-copper miner Noront Resources it does not already own, an offer valuing the company at C$133 million (US$110 million).
A union representing workers at BHP Group’s Escondida and Spence copper mines has rejected the company´s contract offer, it told Reuters, and called on members to walk off the job from Thursday.
The union of remote operations workers at BHP´s Spence and Escondida copper mines in Chile has rejected the company´s labor contract offer, the union told Reuters, adding that it would launch a strike from Thursday. (Reporting by Fabian Cambero; Writing by Dave Sherwood;.
Project aims to produce 120,000 T nickel, 15,000 T cobalt a year Huayou to hold 20%, EVE 17% and Tsingshan unit 31%
May 24 (Reuters) - China’s Zhejiang Huayou Cobalt Co said on Monday it would partner with companies including a unit of battery maker EVE Energy to set up a $2.08 billion nickel and cobalt smelting project in Indonesia.
Huayou will hold 20% of the venture and it is the cobalt supplier’s third major investment in a smelter in top nickel ore miner Indonesia, which is becoming an important centre for the nickel and cobalt chemicals used in electric vehicle batteries.
The latest site will be at Weda Bay on the island of Halmahera in North Maluku province where Huayou already partners with Tsingshan Holding Group in a nickel sulphate project. The project aims to produce around 120,000 tonnes of nickel and 15,000 tonnes of cobalt on a metal content basis, Huayou said in a filing to the Shanghai Stock Exchange.