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Newmont to Ramp Up Operations ‘In a Timely Manner’
May 8, 2020
Newmont has minimized staffing levels at its operations significantly, stating that the health and safety of its people and host communities is “paramount” to the company. The company’s Australian gold production dropped by 24 percent in the first quarter of
Barrick to Sell Its Share of Kalgoorlie Consolidated Gold Mines for $750 Million, Australia
May 7, 2020
Barrick Gold Corporation has reached an agreement to sell its 50 percent interest in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia to Saracen Mineral Holdings Limited for a total consideration of $750 million in cash. “The sale of our
Lundin Gold Receives Key Permits for Its Fruta Del Norte Gold Project, Ecuador
May 7, 2020
Lundin Gold has received the Industrial Water Permit and Administrative Act from La Secretaría Nacional del Agua (SENAGUA) for its Fruta del Norte gold project in Ecuador. These two permits are required in order to move Fruta del Norte into
Condor Gold Secures Mining Permit for Mestiza Open Pit, Nicaragua
May 4, 2020
UK-based gold exploration and development company Condor Gold has obtained an environmental permit for the development and exploitation of gold from the high grade Mestiza open pit mine. The Mestiza open pit hosts 92 thousand tonnes (Kt) at a grade
Peabody Enters Agreements to Reduce Port and Rail Costs at North Goonyella Mine, Australia
May 4, 2020
The company, which said it was responding to the COVID-19 crisis with rigorous protocols, controls, and prevention measures, was still in talks with possible buyers of North Goonyella as it struggled to maintain productivity in its export metallurgical business segment.
Mining Companies in Australia Pitch in to Beat Virus Challenges
May 4, 2020
Glencore and BHP have ramped up their efforts to prevent and treat coronavirus in Australia. Glencore provided the Mount Isa Hospital with $45,000 to acquire a new instrument, cartridge and nasal swab collection kit that will enable local testing, a
Anglo American and Komatsu Team Up to Restore Formerly Mined Lands
May 1, 2020
Leading global miner Anglo American and Komatsu have formed a new mine rehabilitation partnership that will see more than 9,000 trees planted at Anglo American’s Dawson Mine in Central Queensland’s Bowen Basin. The partnership, Growing Together, aims to return mined
Silvercorp Metals to Acquire Guyana Goldfields Creating a Diversified Precious Metals Producer
April 29, 2020
Silvercorp Metals Guyana Goldfields have entered into a definitive agreement where Silvercorp will acquire all of the issued and outstanding shares of Guyana Goldfields by way of a plan of arrangement under the Canada Business Corporations Act. The transaction will
BHP Invests in COVID-19 Centers in Queensland
April 28, 2020
BHP has struck a partnership with health care providers in Queensland to support the capacity of on the ground health services by developing and servicing Covid-19 testing centers in Central Queensland. The company will allocate $7.6 million from its recently
MHPS to Change Its Name to Mitsubishi Power
April 24, 2020
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, today announced its new company name, Mitsubishi Power, and will also adopt a new corporate brand logo. Under its new name, Mitsubishi Power will work to
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