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Rio Tinto and Hancock Prospecting to Invest $1.6 Billion to Develop Hope Downs 2 Project, Australia
June 24, 2025
Rio Tinto and Hancock Prospecting will invest $1.61 billion (Rio Tinto share $0.8 billion) to develop the Hope Downs 2 Iron Ore Project in Western Australia’s Pilbara region. The Hope Downs 2 project, to mine Rio Tinto and Hancock Prospecting’s
Fatality at First Quantum Minerals’ Trident Operation, Zambia
June 24, 2025
First Quantum Minerals said an employee at the Trident Pperation passed away following an incident involving a dump truck at the Sentinel pit. The relevant local authorities have been notified about the accident and the company will fully cooperate in
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont
June 20, 2025
Inflection Resources has entered into definitive agreement to acquire an 100 percent interest in a portfolio of Australian copper-gold exploration projects in New South Wales and the Northern Territory from subsidiaries of Newmont Corporation. “We are pleased to announce the
Rio Tinto Reaches $138.75 Million Settlement Over Mongolian Mine
June 19, 2025
Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A
President Trump Approves Historic Partnership Between U. S. Steel and Nippon Steel
June 17, 2025
United States Steel Corporation and Nippon Steel Corporation said President Trump has approved the companies’ historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs. On May 30, 2025, the
South32 Plans CEO Transition, Matthew Daley Named New CEO
June 17, 2025
South32 Limited said Matthew Daley will join the company as deputy chief executive officer on February 2, 2026 and will assume the role of chief executive officer when Graham Kerr steps down from the role later in 2026. Matthew Daley
Critical Metals Corp. Secures $120M LOI from EXIM for Its Tanbreez Rare Earth Project, Greenland
June 16, 2025
Critical Metals Corp. said it has received a letter of interest from the Export-Import Bank of the United States (EXIM), for a total non-dilutive funding package of $120 million. This funding package from the U.S’s official export credit agency is
World’s Largest Iron Ore Mine Discovered, $6 Trillion Find Could Boost Australia’s Global Position
June 9, 2025
Western Australia has become the center of global mining attention after discovering the world’s largest known iron ore reserve. The find, estimated at 55 billion metric tons, is located in the Hamersley region and carries a market value of approximately
Ceibo Successfully Launches Copper Production at Compañía Minera San Gerónimo, Chile
June 4, 2025
Ceibo, a company reinventing copper production and CMSG, a Chilean copper producer, has successfully launched the demo plant using Ceibo’s proprietary sulfide leaching technology. Located at CMSG’s mine in Northern Chile, the on-site facility has delivered its first copper cathodes,
Aura Minerals to Acquire AngloGold Ashanti’s Mineração Serra Grande Gold Mine, Brazil
June 3, 2025
Aura Minerals has entered into a share purchase agreement (SPA) where Auro will acquire from AngloGold all of the issued and outstanding securities of Mineração Serra Grande S.A. (MSG), owner of the Mineração Serra Grande Gold Mine located in Crixás,
