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Recovery Mission to Resume After Mine Collapse at Hefty Gold Mine, Australia
January 27, 2020
Tasmania Police has stated that it was “highly unlikely” that the missing PYBAR contract worker at the Henty gold mine in Tasmania could have survived a mine collapse. Police were continuing to work with Henty mine operator Diversified Minerals and
Vale to Spend $8.4 Billion for Damage Repair at Brumadinho Disaster, Brazil
January 27, 2020
Vale has reserved $8.4 billion for reparation actions and indemnities due to the 2019 Brumadinhno dam collapse in Brazil. The company’s number one priority is to finish the search for 11 people still missing. To date, 259 victims have been
Mining Executives Face Homicide Charges in Brazil Dam Disaster
January 23, 2020
Brazilian prosecutors have charged 16 people — including the former CEO of mining giant Vale – with murder and environmental crimes over the collapse of a tailings dam which killed 270 people on January 25, 2019. The charges were announced
Anglo American and Sirius Minerals Agree to $527 Million Takeover Deal
January 23, 2020
Anglo American has agreed to pay $527 million in a takeover deal for Sirius Minerals – presenting a lifeline to the firm operating the UK’s largest mining project. The deal, which has yet to be ratified by shareholders, would rescue
Coronado’s Curragh Coal Mine to Resume Operations After Fatal Accident, Australia
January 21, 2020
Operations at Curragh, owned by US-based Coronado Global Resources, have been suspended since January 12 after an accident killed an employee of mine contractor Thiess during tyre replacement activity in the main workshop. The Queensland Mines Inspectorate issued a directive
Kinross Acquires N-Mining’s Chulbatkan Project for $283 Million, Russia
January 21, 2020
Canada-based gold mining firm Kinross Gold has completed the acquisition of Chulbatkan development project, owned by Australian mining company N-Mining, for a total consideration of $283 million. Chulbatkan is a high-grade, open-pit, heap leachable project, which holds a near surface
India Aims to Tighten Coal Reform Plans
January 21, 2020
India’s coal ministry is seeking the view of stakeholders on its proposed auction of coal blocks for commercial mining. This is part of plans to further tighten its reform agenda that aims to boost domestic coal output and reduce imports.
China Commits to Buy $52 Billion in Coal, LNG, Crude, and LPG in Trade Deal
January 20, 2020
China has committed to buying significant amounts of commodities such as crude, natural gas, coal and LPG from the US under the “phase one” trade deal that was signed in Washington yesterday. The deal document lists a handful of energy
Resolute Mining to Sell Ravenswood Gold Mine for $208 Million, Australia
January 20, 2020
Australian mining company Resolute Mining has signed definitive agreements to sell its Queensland-based Ravenswood gold mine to a consortium for $207.54 million in cash. The consortium is comprised of fund managed by private equity manager EMR Capital, along with Golden
Indian Mining Sector Breathes Sigh of Relief After Government Amends Mining Law
January 20, 2020
Steel companies and mining companies in India have heaved a sigh of relief after the federal government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic
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