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Australia Invests $550 Million in Arafura’s Critical Minerals Mine and Processing Plant
March 18, 2024
The Albanese Government will provide up to $840 million (US$550 million) to help deliver Australia’s first combined rare earths mine and refinery in the Northern Territory, creating local jobs and securing Australia’s position as a renewable energy superpower. The refinery
Liontown Resources Secures $363 Million Debt Facility for Kathleen Valley Lithium Project, Australia
March 14, 2024
Liontown Resources Limited has entered into a $363 million (A$550 million) debt facility agreement which is designed to ensure the company’s Kathleen Valley Lithium Project is funded through first production and ramp-up to the 3Mtpa base case. “Liontown is very
Polish Court Allows Turow Coal Mine to Stay Open for Now
March 14, 2024
A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported on Wednesday, following the latest in a series of contradictory court rulings. The previous nationalist Law and Justice
MC Mining Confirms Takeover Bid of Up to $54 Million from Vulcan Resources
March 11, 2024
MC Mining, an Australia-based coal miner, has confirmed receipt of a takeover bid valued in the range of $45.9 million-$54 million (A$69.34 million-A$81.58 million) from Vulcan Resources, a fully-owned subsidiary of Vulcan International. Vulcan Resources operates the Moatize coal mine,
U.S. Court of Appeals Sides with Apple, Tesla, Other Tech Companies Over Child Labor in Africa
March 8, 2024
A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo. In a 3-0 decision, the
Sinomine Resource Group to Acquire Dundee Precious Metals’ Tsumeb Smelter for $49 Million
March 8, 2024
Dundee Precious Metals (DPM) has entered into a definitive share purchase agreement (SPA) with a subsidiary of Sinomine Resource Group for the sale of its interest in the Tsumeb smelter located in Namibia, including all associated assets and liabilities for
Hitachi Energy Appoints Andreas Schierenbeck as Chief Executive Officer
March 8, 2024
Hitachi Energy has appointed Andreas Schierenbeck as the new Chief Executive Officer, effective July 1, 2024. Claudio Facchin, Hitachi Energy CEO, will step down at the end of June 2024. Schierenbeck will engage with the Hitachi Energy board, executive team,
Uranium Firms Revive Forgotten Mines as Price of Nuclear Fuel Soars
March 5, 2024
Across the U.S. and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five U.S. producers are reviving mines in states including Wyoming, Texas, Arizona, and Utah, where
Canada and Australia Boost Collaboration on Critical Minerals
March 5, 2024
Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday. The announcement came on the sidelines of the annual Prospectors and Developers Association
Fatality at Newmont’s Ahafo North Project, Ghana
March 1, 2024
Newmont has confirmed a fatality at its Ahafo North Project in Ghana due to a weather related incident. The incident took place on February 27, 2024. The incident occurred in the maintenance area of the Ahafo North Project, where the