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    Tag: Investment

    Mixed smelter for Tennessee

    Korea Zinc says it will partner with the US government to construct a critical minerals smelter in Clarksville, Tennessee, producing zinc, lead, and copper. Korea Zinc will begin site preparation next year, followed by phased commercial operations from 2029. The plant is planned to process around 1.0 million t/a of raw materials and turn out 540,000 st/a of finished products. Processing of gold, silver, and key strategic minerals such as antimony, indium, bismuth, tellurium, cadmium, palladium, gallium and germanium, are also planned in what is being touted as a "state-of-the-art" facility. Sulphuric acid and semiconductor-grade sulphuric acid will also be produced. The output will include 300,000 t/a of zinc production, 200,000 t/a of lead, 35,000 t/a of copper and 5,100 t/a of rare and strategic metals. Development will be through Korea Zinc’s US subsidiary, Crucible Metals.

    Arianne to receive government support

    Arianne Phosphate says that the government of Canada has approved contribution funding of up to C$735,000 to support the company’s ongoing work on processing phosphate rock and optimising its purified phosphoric acid (PPA) process. The funding, provided through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme, is part of a C$80.3 million investment announced by Prime Minister Mark Carney to help build secure critical minerals supply chains in Canada. Phosphate was added to the Canadian critical mineral list in 2024. Arianne’s Lac à Paul project is the only fully permitted phosphate mine in the country. Arianne is now actively pursuing opportunities for the downstream production of PPA, a necessary ingredient for lithium-iron-phosphate batteries.

    Green ammonia project “economically unfeasible”

    World Energy GH2 has shelved its 1.2 GW green hydrogen and ammonia project in Stephenville, Newfoundland, after failing to secure offtake agreements. Project Nujio’qonik was conceived as a major green hydrogen/ammonia scheme backed by 2 GW of new wind capacity, intended to export green ammonia to Europe. However, despite a $50 million investment from South Korea’s SK Eco-plant and high-profile endorsement by then German chancellor Olaf Scholz, the developer has confirmed that the project is being replaced by a new initiative, called Clean Grid Atlantic, which will use the wind resource to power domestic markets instead.

    Metso expands technical service centre

    Metso has completed the expansion of its service centre in Antofagasta, Chile, adding an additional 1,200 m² of operational capacity, totalling 4,800 m² of technical workspace. Strategically located in the La Negra industrial district, at the heart of northern Chile’s mining area, the service centre has tripled its technical-commercial agreements in recent years, becoming a key strategic partner for major mining companies in the country. Following the expansion, the centre can now repair and refurbish large-scale equipment including HRC™ and high pressure grinding roll units, Vertimill® grinding technology, and mills for mining customers. It also supports beneficiation and dewatering technologies, such as filter plate pack service offerings. In addition, the centre provides service capabilities for mining crushers, grinding mills, screens, and car dumpers.