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Freeport delays Grasberg full restart to early 2028

Freeport delays Grasberg full restart to early 2028

PT Freeport Indonesia has announced a further delay in the full restart of its Grasberg mine in Central Papua, Indonesia, pushing the target to early 2028. This postponement follows a severe mudflow incident in September last year that halted operations and claimed seven lives, significantly impacting global copper and gold supply chains. The revised timeline, attributed to additional work on logistics and ore handling infrastructure, sees a reduction in projected 2026 copper output and compounds pressures on an already tight global copper market.

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Focus Graphite in Quebec boasts world’s fifth-largest resource

Focus Graphite in Quebec boasts world’s fifth-largest resource

Focus Graphite's Lac Tetepisca project in central Quebec has significantly updated its resource estimate, establishing it as the world's fifth-largest graphite deposit and North America's largest by measured and indicated resources. This milestone, boasting 14.7 million tonnes of contained graphite at 10.2% graphitic carbon, firmly positions Quebec as a critical hub in the global battery metals supply chain, offering a substantial domestic alternative to China for advanced technological applications. The project's high grade, open-pit potential, and strategic location underscore its importance for North American critical mineral independence.

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Energy Department to Invest $36 Million in Enhanced Oil Recovery Program at the University of North Dakota

Energy Department to Invest $36 Million in Enhanced Oil Recovery Program at the University of North Dakota

The U.S. Department of Energy (DOE) is investing $36 million in the University of North Dakota’s Energy & Environmental Research Center to advance carbon dioxide-based Enhanced Oil Recovery (EOR) in the Bakken shale formation. This funding, part of the $145 million Bakken EOR–Cracking the Code program, aims to unlock billions of additional barrels of oil by integrating laboratory research, AI modeling, and six field pilot projects. The initiative also leverages captured CO2 from coal-fired power plants, connecting energy production with carbon utilization strategies, thereby supporting domestic energy security and innovative resource management.

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EGA partners with ADNOC to boost aluminium supply chain

EGA partners with ADNOC to boost aluminium supply chain

<p></p> <p>Emirates Global Aluminium (EGA) and ADNOC Logistics & Services (ADNOC L&S) have forged a significant strategic alliance aimed at bolstering the resilience and efficiency of the global aluminium supply chain. Announced on May 8, 2026, at the "Make it in the Emirates" event, this high-level agreement will explore enhanced commercial ties across logistics, transportation, fleet management, and infrastructure, with the potential for a dedicated joint venture. The collaboration leverages ADNOC L&S's extensive maritime capabilities and EGA's substantial global shipping requirements, promising enhanced operational synergies and support for the UAE's industrial diversification goals.</p> <p>

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Rolls-Royce to test hybrid trucks for mining operations

Rolls-Royce to test hybrid trucks for mining operations

Rolls-Royce Power Systems announced on May 8, 2026, plans to commence field testing of an innovative hybrid drive system for mining haul trucks in autumn 2026. Integrating mtu Series 4000 engines with an electric drivetrain, this technology is projected to reduce fuel consumption and CO2 emissions by up to 30% by recapturing braking energy during downhill travel. This initiative directly addresses the global mining industry's urgent need for enhanced operational efficiency and significant decarbonization in response to growing critical mineral demand and ambitious sustainability targets.

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Gold Reserve launches American Heralds in the US

Gold Reserve launches American Heralds in the US

Gold Reserve has announced the formation of American Heralds Mining Corporation, a new US-based entity, and plans a strategic spin-out to transfer its Venezuelan mining interests, including the Siembra Minera project, and its Alaskan property to American Heralds. This initiative, targeting a Q3 2026 completion, aims to bolster US critical mineral supply chains, aligning with national security objectives and setting the stage for American Heralds' potential US IPO, while Gold Reserve transitions to an investment holding company under a new name, Hamilton American Holdings.

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Trafigura to build new aluminium smelter in Egypt

Trafigura to build new aluminium smelter in Egypt

Trafigura, a global commodity trading giant, has signed a term sheet with the Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding (MIH) to develop a new primary aluminium smelter and an adjoining anode plant at Egyptalum’s Nag Hammadi site. This significant initiative, estimated to cost between $750 million and $900 million, will nearly double the location's current production capacity to 300,000 tonnes per annum of primary aluminium, strategically enhancing global supply chain diversification amidst tightening inventories.

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Gold price rebounds on US-Iran deal hopes

Gold price rebounds on US-Iran deal hopes

Gold prices experienced a significant rebound on May 5, 2026, surging by 3.6% to over $4,700 per ounce, as optimism surrounding a potential US-Iran peace deal alleviated concerns over inflation and a prolonged period of high interest rates. This upswing, which also saw silver climb over 6%, marks a reversal after a 10-week conflict had previously caused bullion to decline by 11%. The market now shifts its focus to upcoming US economic data and the Federal Reserve's monetary policy, though official-sector gold purchases continue to underpin a positive long-term outlook for the metal.

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Trafigura in talks to build aluminum smelter in Egypt

Trafigura in talks to build aluminum smelter in Egypt

Commodity trading heavyweight Trafigura is in advanced negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a new 300,000-tonne-per-annum (tpa) primary aluminum smelter and an associated 150,000-tpa anode plant in Egypt. This significant project, estimated at $750-$900 million, aims to nearly double Egyptalum’s existing production capacity and provide a critical new source of primary aluminum amidst global supply shortages and geopolitical disruptions in the Middle East.

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CIM appoints Lucy Potter as 2028-29 president-elect

CIM appoints Lucy Potter as 2028-29 president-elect

The Canadian Institute of Mining Metallurgy and Petroleum (CIM) has announced the appointment of Lucy Potter as its president-elect for the 2028-2029 term, effective May 2028. Potter, currently General Manager, Technical and Sustainability, at Rio Tinto Iron & Titanium and Diamonds, brings over 25 years of extensive experience across the mining value chain, including senior leadership roles at major global miners. Her appointment signals a strategic focus on balancing growing global demand with sustainable development and fostering operational excellence within the Canadian minerals and metals industry.

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