Genesis and Vault agree to $12.6b merger

Metso launches modernised anode furnace   Metso is launching a next-generation Anode Furnace for reducing carbon dioxide emissions, improving impurity removal capabilities and bringing flexibility in treating secondary materials.   The upgraded Anode Furnace features the latest design, advances in process safety, and ease of maintenance. It also presents two exciting methods for reducing carbon dioxide emissions.  Metso anode casting and anode furnace technologies senior sales manager Miikka Marjakoski says this makes the new Anode Furnace unique.   “The process is fully prepared to utilise...

Gold prices pushed to their peak by US Government shutdown The US Government shut down yesterday amid a funding standoff, temporarily shuttering government agencies and leaving about 750,000 workers facing furlough. Immediately following the shutdown, the spot price for gold reached a record high of $5904.61/oz. The spot price for gold has climbed nearly 50% since this time last year. US Government shutdowns occur when there is a funding gap — when Democrats and Republicans cannot pass a bill funding government services into the new fiscal year...

MinRes: record lithium shipments in Q4 Mineral Resources (MinRes) (ASX: MIN) reports a productive Q4, with record lithium shipments and high lithium prices across all operations. WA lithium operations Wodgina and Mt Marion both reported record shipments up 41% and 46% respectively from Q4 of 2023. Lithium operations benefitted from high prices, with a weighted average realised price across all operations of about $1479/dmt (US$970/dmt) in Q4, an increase of 15% from Q3. Total quarterly iron ore shipments increased by 6% from Q3 to 18.1Mwmt within guidance, with MinRes delivering its first iron ore on ship ahead of schedule from Onslow iron in WA. MinRes...

Continuing fuel supply constraints tied to the war in Iran are impacting Australia’s exploration and mining sector, with smaller operators now halting operations.