Indonesia has issued a new mining permit for nickel miner PT Vale Indonesia, its investment minister said on Monday.

Over a three-year period, the company sold more than 11.9 million tons of high-quality steel products, with approximately 4.8 million tons exported worldwide.

ADDITIONAL OFFTAKE MOU SIGNED WITH MAJOR VFB PRODUCER

Horizon Minerals Limited: Quarterly Activities Report 31 March 2024

The exports increased by 49% year on year to 1.28 million tonnes in 2022, but dropped slightly by 4% to 1.23 million tonnes in 2023.

Shougang has exported its electrical steel to more than 24 countries and regions.

Canadian miner First Quantum Minerals (TSX: FM) has decided to shut down its Ravensthorpe nickel operation in Western Australia.

Members of the European Parliament (MEPs) have adopted Net-Zero Industry Act, which plans to allocate funds towards the production of net-zero technologies.