Benjamin Hill Mining Corp. [CSE-BNN; OTCQB-BNNHF; FSE-5YZ0] provided an update on advancements Aion Mining’s fully permitted Colombian coal project, Colombia. Aion Mining reports significant progress in civil earth movement contract with completion reaching 88% and facilities works. Noteworthy achievements include the movement of approximately 10,170 m3 of earth material, the profiling of 1,929 m2 of slope, and the conformation of 2,091 m2 of the final platform at an elevation of 409 meters above sea level. These surface works for platform development have started to expose key ..read more

Teck Resources Ltd. (TSX-TECK.B, TSX- TECK.A, NYSE-TECK) has announced details of an agreement with Oldendorff Carriers GmbH & Co. KG that is designed to utilize wind power in shipping, a move that will reduce the carbon footprint of the mining giant’s supply chain. Oldendorff is a family-owned shipping company with a fleet of about 700 bulk carriers. The joint investment will see the vessel Dietrich Oldendorff, which carries shipments of Teck steelmaking coal from the Port of Vancouver, outfitted with a Flettner Rotor system by mid-2024. The Flettner Rotors generate lift from the wind, wh ..read more

By Eugene Gerden The Russian Sibanthracite Group, the world’s largest producer and exporter of high-quality Ultra High-Grade anthracite wants to increase production up to 30 million tons by 2025 and increase exports, that will be part of ambitious plans of Russian Federation to become the main coal supplier to the entire Asian Pacific region. In case of Sibanthracite, the plans for expansion of production (by at least 20%) have been recently announced by a new owner of the company – the Bashkir Industrial Holding. It is planned, production will be increased at the majority of main mining asset ..read more

Teck Resources Ltd.’s (TSX-TECK.B, TSX-TECK.A, NYSE-TECK) has agreed to sell its entire interest in its steelmaking coal business, Elk Valley Resources (EVR), via sale of a majority stake to Swiss metals trading giant Glencore Plc and a minority interest to Nippon Steel Corp. for an implied enterprise value of US$9.0 billion. Subject to the approval of the Canadian government, the Vancouver metals giant said the sale of the steelmaking coal business achieves a simple and complete separation of steelmaking coal from base metals. It also said Glencore will establish a Canadian head office for th ..read more

Teck Resources Ltd. (TSX-TECK.B, TSX-TECK.A, NYSE-TECK) has lowered its annual copper production outlook due to a localized geotechnical event at the Highland Valley operation in British Columbia that occurred in August 2023. The 2023 production targets for molybdenum and steelmaking coal have also been reduced, according to forecasts disclosed in the company’s third quarter results. Teck said its 2023 annual copper production guidance has decreased to 320,000 to 365,000 tonnes from 330,000 to 375,000 tonnes. However, this geotechnical event is not expected to impact its annual production beyo ..read more

Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) and Danish shipping company NORDEN have pledged to reduce carbon dioxide (C02) emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25%, or up to 6,700 tonnes of C02, equivalent to removing over 1,400 passenger vehicles from the road, Teck said in a press release. NORDEN will achieve emission reductions by utilizing a range of solutions, including the use of fuel-efficient ships and alternative fuels such as biofuel in combination with an intellige ..read more

Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) on Monday confirmed that Swiss metals trading giant Glencore Plc. is one of a number of proposals under consideration in relation to the possible sale of Teck’s steelmaking coal business. The update is contained in a press release in which Teck commented on its previously announced engagement with several parties that have submitted unsolicited indications of interest regarding various forms of potential transactions involving Teck’s steelmaking coal business. Teck said its Board of Directors and independent Special Committee, in accordan ..read more

Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said Monday it has rejected an unsolicited $23 billion takeover bid from Swiss metals trading giant Glencore Plc. “The board is not contemplating a sale of the company at this time,’’ Teck said in a press release Monday. “We believe that our planned separation creates a great spectrum of opportunities to maximize value for Teck shareholders,’’ said Teck Chair of the Board Sheila Murray. “The Special Committee of the Board remain confident that the proposed separation into Teck Metals and Elk Valley Resources (EVR) is in the best interests ..read more

https://resourceworld.com/wp-content/uploads/2023/02/Russian-mining-sector-targets-Asian-customers.-By.mp3   By Eugene Gerden Russia continues a re-direction of its hydrocarbons and minerals’ exports from Western states to the Asian region, as sanctions’ pressure from West tightens. As part of these plans, particular hopes are put on coal exports to the region, where the demand for it remains high, especially due to big discounts, provided by Russian suppliers. Russia has already been able to increase its coal deliveries to South Korea, overtaking Australia – the main player in this marke ..read more

By Bruce Lantz As if there wasn’t already enough confusion over the best ways to combat climate change — electric vehicles, hydrogen power, solar, wind and other methodologies — now the so-called ‘experts’ have raised the scepter of — dare we say it? — nuclear power as a potential solution to our energy woes. The pressure is on. In Canada, for example, by 2035 every new vehicle sold in the country must be electric, as mandated by federal law, even though only 5.2% of new cars sold in 2021 were electric. For some the shift is seen as devastating, since it will wreak havoc in Canada’s oil patch ..read more