NATURAL RESOURCES News March 2022 The Bank of Russia Resumes its Purchase of Gold Bullion The Bank of Russia has announced its plans to start purchasing gold after two years of refraining from purchasing bullion. The announcement follows from the sanctions imposed on...
NATURAL RESOURCES News March 2022 Andrew Forrest of Squadron Energy Invests Heavily in Renewable Energy in Queensland, Australia Andrew Forrest, Australian mining billionaire, stated on 26 February 2022 that he was investing USD $2.2 billion in renewable energy in...
NATURAL RESOURCES News March 2022 Europe Invests Heavily in African Green Hydrogen Projects African countries captured 11% of the green hydrogen projects announced in 2021. Bridget van Dorsten, hydrogen and emerging technologies research analyst of consulting firm...
NATURAL RESOURCES News March 2022 Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia Due to the Russo-Ukrainian War, Japan’s Nippon Steel stated that it is currently looking at alternative sources of iron ore from...
NATURAL RESOURCES News March 2022 Korea and Australia Sign a MoU for Increased Investment in Australian Mining The Korea Mine Rehabilitation and Mineral Resource Corporation (KOMIR) and the Minerals Council of Australia (MCA) have signed a memorandum of understanding...
NATURAL RESOURCES News February 2022 MMG’s Las Bambas Copper Mine Faces New Round of Blockades MMG Limited, listed on the Hong Kong Stock Exchange (1208:HK) announced on 07 February 2022 that it would have to stop production at its Las Bambas copper mine by the 20th...
NATURAL RESOURCES News February 2022 Mining Companies Look to Udokan, Siberia for Untapped Copper Forecasting rising demand in copper, Russian mining companies have invested heavily into opening mining operations in Udokan and another remote Siberian copper reserve to...
NATURAL RESOURCES News February 2022 Blockchain Certification Scheme for Rare Earths Used in the Production of EVs Electric vehicle manufacturers may be subject to an EU-funded certification scheme using blockchain technology to certify that rare earths used in the...
NATURAL RESOURCES News February 2022 EV Demand Caused Global Cobalt Production to Hit Record High in 2021 The global production of cobalt hit a record high of 170,000 tonnes in 2021 according to preliminary data released by the US Geological Survey (USGS), a 20%...
NATURAL RESOURCES News February 2022 Australia and South Korea to Strength the Supply and Demand of Critical Minerals The Australian government has penned a strategic cooperation agreement with South Korea, covering rare earths, lithium, graphite, cobalt and nickel...
