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Coal’s Future: New Report Charts Path to Sustainability
December 12, 2024
Modern coal technologies, outlined in FutureCoal’s Sustainable Coal Stewardship, have the ability to deliver global climate goals while continuing to foster socio-economic growth. Given the growing demands of a digital and electrified world, FutureCoal’s new report, “Roadmap for a Sustainable
Syrah Resources Declares Force Majeure at Balama Graphite Mine, Defaults on U.S. Loans, Mozambique
December 12, 2024
Syrah Resources has declared a force majeure for its Balama Graphite Mine in Mozambique due to ongoing civil unrest, causing it to default on U.S. government-backed loans. Mozambique has been rocked by protests against a disputed election since early October.
Sibanye-Stillwater Sells Its Beisa Uranium Project in Africa to Neo Energy for $28 Million
December 11, 2024
Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, which includes the Beisa uranium project, to Neo Energy Metals. The transaction that will allow the Beisa uranium project to be developed by Neo Energy, while Sibanye-Stillwater will retain exposure to
Newmont to Cut Management Jobs, Merge Business Units
December 10, 2024
U.S. mining operator Newmont has reportedly initiated corporate restructuring that involves cutting nearly a dozen management positions, including an executive team member. This move is part of company’s strategy to streamline operations following its acquisition of Newcrest Mining, according to
Lundin Mining to Sell Its Neves-Corvo and Zinkgruvan Mines to Boliden for $1.37 Billion
December 10, 2024
Lundin Mining has signed a definitive agreement to sell its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden for up to $1.52 billion in total consideration. Under the terms of the agreement, Lundin Mining will receive upfront
Zijin Mining Completes $245 Million Aquisition of Pan American Silver’s La Arena Mine, Peru
December 10, 2024
Jinteng Mining, a subsidiary of Zijin Mining Group, took over as new owner of Pan American Silver‘s La Arena open-pit mine in Peru. The story of the acquisition started in May, and only received approval from Investment Canada in Ottawa
Allied Gold Secures $175 Million Streaming Agreement to Advance Kurmuk Project, Ethiopia
December 9, 2024
Allied Gold Corporation has entered into final documentation for a streaming transaction with Wheaton Precious Metals (WPMI). Allied will receive an aggregate $175 million upfront cash payment to support the funding of its growth strategy underpinned by the development of
Northern Star Resources to Acquire De Grey Mining in $3.2 Billion Deal
December 5, 2024
Northern Star Resources has agreed to acquire rival Australian gold miner De Grey Mining in a deal valuing the latter at around $3.25 billion (A$5 billion). The merger of both Australian Securities Exchange (ASX)-listed gold producers will create a combined
McEwen Copper Secures Environmental Permit for Construction, Operation of Los Azules Mine, Argentina
December 5, 2024
McEwen Coppe, a subsidiary of McEwen Mining, has received the approval of the environmental impact assessment (EIA) for its Los Azules Copper Project. The environmental impact statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting
Silvercorp Metals Releases Plan to Develop Condor Gold Project as Underground Mine, Ecuador
December 5, 2024
Silvercorp Metals has released its plans to develop the Condor gold project, located in southern Ecuador. A preliminary economic assessment (PEA) was completed on the project by a previous operator, which outlined a high tonnage, low-grade, open pit gold project.
