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NEWS Click on text to read news by category: General | Product | People | Worldwide

FLSmidth to Acquire thyssenkrupp’s Mining Business for $386 Million

August 27, 2021

FLSmidth and thyssenkrupp Industrial Solutions AG have reached an agreement where FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining) for a total consideration of EUR$325 million ($386,265,163 million) corresponding to approximately DKK$2.4 billion. Closing of the transaction is expected in

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USA Rare Earth Exercises Option to Acquire 80% of Round Top Project, Texas

August 27, 2021

USA Rare Earth has fully funded its $10 million commitment to earn its 70 percent interest in the Round Top Critical Minerals Project in Hudspeth County, Texas and has exercised its option to acquire an additional 10 percent of the

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Murray & Roberts Secures Underground Development Contracts for Rio Tinto’s Kennecott Copper Mine

August 27, 2021

Murray & Roberts said its mining platform’s Cementation Americas business has won two contracts worth R$1.2 billion ($84 million) from Rio Tinto and BHP. Cementation USA has received the underground characterization development and infrastructure project for Rio Tinto’s Kennecott Utah

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San Juan Coal Plant Stays Open for CCS Conversion

August 27, 2021

The coal-fired San Juan Generation Station in New Mexico will not close within two years as expected, but could operate for several years beyond that, as its new owners raise funds for a giant carbon-capture facility on the site. Various

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Element79 Gold to Acquire Plutus Gold, Snowbird High-Grade Gold Project

August 27, 2021

Element79 Gold has signed a binding letter of intent to acquire 100 percent of the issued and outstanding shares in Plutus Gold Corp., which holds the option to acquire the Snowbird High-Grade Gold Project. The Snowbird High-Grade Gold Project consists

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American Resources Finalizes Site Selection for Rare Earth Element Purification, Isolation Facility

August 26, 2021

American Resources Corporation has finalized its site selection to build its first commercial scale rare earth element purification and isolation facility in the United States. The secured site provides 6.9 acres of developable land with the goal of scaling into

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American Resources Selected by DOE to Assess Critical and Rare Earth Elements in Coal Resource Feeds

August 26, 2021

American Resources Corporation has been named to a U.S. Department of Energy (DOE) Federal Demonstration Partnership award for the sorting for critical mineral-rich coal resource feedstock in a support role. Under the agreement, American Resources will provide support to the

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Perfect Storm Leads to Coal Rebound

August 26, 2021

The president of the West Virginia Coal Association says a “perfect storm” has led to increased use of coal. While countries have been shifting away from coal for years, use in the United States, Europe, and China has grown recently

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Wajax and Hitachi Expand Direct Distribution Strategy

August 26, 2021

Wajax Corporation and Hitachi Construction Machinery Loaders America said, effective March 1, 2022, the companies plan to expand their current Canadian direct distribution relationship to include construction excavators, mining equipment, and related aftermarket parts. Since 2001, these products have been

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NMA: Americans Concerned About Grid Reliability, Urge Caution in the Transition

August 26, 2021

Seventy-two percent of Americans are concerned that the speed of the transition to variable sources of power is coming at the cost of grid reliability, according to new polling conducted by Morning Consult for the National Mining Association (NMA). The

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