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November 16th - According to Russian state media reports on Sunday, Russian President Vladimir Putin met with Rosneft CEO Igor Sechin during the visit of the Kazakh president to Moscow this week. Sechin, who has headed Rosneft since 2012, previously worked with Putin in St. Petersburg and later served under Putin at the Kremlin. Last month, US President Donald Trump imposed sanctions on Russia for the first time during his second term regarding Ukraine, including Rosneft and Lukoil on the sanctions list.The Russian Ministry of Defense stated that Russian forces shot down six Ukrainian drones in the Bryansk, Belgorod, and Kursk regions.Ukrainian President Zelensky: Ukraine is working to resume prisoner exchanges with Russia.On November 16th, according to a report by the US-based "Defense News" website on November 14th, US Army Secretary Driscoll stated on the 12th that the US defense industry, especially major arms contractors, has "deceived" the American people, the Department of Defense, and the Army, resulting in damage to the interests of the US military. Reuters pointed out that for a long time, US government accountability officials and some members of Congress have believed that contractors are overcharging the military. Under the current supply method, the US Army cannot purchase a single screen control knob for a Black Hawk helicopter separately; it must spend $47,000 to purchase the entire set including the knob, while manufacturing the knob separately would only cost $15. The report noted that it is rare for a current US government official to use "unusually blunt" language to publicly criticize arms contractors.On November 16, it was reported that the U.S. Navy, together with the forces of Trinidad and Tobago, will conduct military exercises in waters near Venezuela from November 16 to 21. Venezuelan President Maduro stated on November 15 that this move was "irresponsible" and called on the public to mobilize against the U.S. military threat.

Chinese Companies Want More Mining to Boost Supplies

Haiden Holmes

Nov 10, 2022 14:38

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China's top copper producers are urging the government to mine more of the metal locally and internationally, China Nonferrous Metals News said Wednesday.


Jiangxi Copper Co Ltd, Zijin Mining, Tongling Nonferrous Metals Group Co Ltd, and others urged authorities on Tuesday to start new mineral exploration and mine development.


Concerns are growing regarding the global supply of copper, which is utilized in transportation, construction, renewable energy, and electric cars.


Las Bambas copper mine in Peru, operated by Chinese miner MMG Ltd, has scaled down operations due to blockades by local organizations.


Chile's Codelco will extend smelter maintenance from 90 to 135 days.


China imports 25% of its copper needs.


At the meeting, Chinese corporations allegedly suggested mining companies should dig deeper and broader to lengthen mine life, while smelting companies should expedite foreign resource development and optimize their design across the industrial chain.


Chinese miners face growing competition for rare minerals elsewhere.


Canada ordered three Chinese corporations to withdraw from Canadian resources this week, citing security concerns.


China imported 23.40 million tons of copper ore and concentrate last year.