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Glencore Discloses Investigation by Swiss AG
June 26, 2020
Mining and commodities marketing company Glencore says it has been informed that it is under criminal investigation by Switzerland’s attorney general in connection with alleged corruption in Congo. The company said in a statement Friday that the attorney general was
Tanzanian Small-scale Miner Gets $4.5M After Mining Biggest-ever Tanzanite Gemstones
June 26, 2020
A Tanzanian small-scale miner has just become a millionaire after unearthing some of the largest rare gemstones ever recorded. Fifty-two-year-old Sainiu Laizer was working in a mine in northern Tanzania when he came across two massive tanzanite gemstones. Tanzanite is
Sandvik Acquires Indian Company Miranda Tools’ Business
June 24, 2020
Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. “The acquisition is aligned with Sandvik
New South Wales’ WHS Adds Law to Include Gross Negligence for Senior Mining Officers
June 24, 2020
New amendments to the New South Wales work health and safety laws now include gross negligence under a category one offense. A category 1 offense is the most serious breach of responsibility by a person who has a health and
Latin Resources to Form JV for Catamarca Lithium Projects in Argentina
June 24, 2020
Australian mineral exploration company Latin Resources has signed a joint venture (JV) agreement with Integra Capital on the company’s Catamarca lithium pegmatite projects. The signing of the JV agreement follows an extensive negotiation on Latin’s concessions, which includes over 70,000ha
Western Australian Gov’t Launches Mining Workplace Audit for Mental Health
June 24, 2020
The Western Australian Government has launched the Mentally Healthy Workplaces Audit for mining workplaces, while Mitsubishi is supporting a program to improve mental health services in Queensland. The audit is designed to allow employers to easily meet their legal requirements
Caldas Gold Enters $110 Million Streaming Agreement for Marmato Gold Mine Expansion
June 23, 2020
Caldas Gold has signed a non-binding term sheet to receive total cash consideration of $110 million pursuant to a precious metals purchase agreement to be entered into with Wheaton Precious Metals International Ltd. (WPMI). The proceeds from the precious metals
BHP to Acquire Norilsk’s Honeymoon Well Nickel Project in Western Australia
June 22, 2020
Australian mining and resource firm BHP has signed an agreement with Norilsk Nickel Australian Holdings’ subsidiary MPI Nickel to acquire the latter’s Honeymoon Well nickel project in Western Australia (WA). The Honeymoon Well nickel project comprises the Honeymoon Well development
Shandong Gold Mining to Acquire Cardinal Resources for $221 Million
June 22, 2020
China-based gold producer Shandong Gold Mining has agreed to acquire Cardinal Resources, a Ghana-focused miner, for around A$321 million ($221 million) in cash. The directors of Cardinal Resource who own a total of 6.37 percent stake in the company intend
New South Wales Mines Undertakes COVID-19 Emergency Exercises
June 22, 2020
The NSW Resources Regulator has completed a virtual emergency response exercise with mines from the Cobar and Nyngan areas in New South Wales. The first session of exercise “pandemineium” was undertaken in April through a combined effort between the regulator,
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