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Babcock & Wilcox Sell Its Italian and Swedish Businesses for $40 Million
October 16, 2024
Babcock & Wilcox Enterprises has reached an agreement to sell its Italy-based SPIG group of companies and Sweden-based Babcock & Wilcox Vølund AB to funds managed by AUCTUS Capital Partners for approximately $40 million, subject to customary adjustments and expenses.
Peabody Releases Update on Centurion Metallurgical Coal Mine Development, Australia
October 15, 2024
Peabody released an investor presentation on project development and the related integrated mine plan at Centurion, the company’s premium low volatile hard coking coal project located in Australia’s Bowen Basin. Centurion is quickly becoming the cornerstone metallurgical coal asset in
Newmont to Divest Its Akyem Operation to Zijin Mining Group for $1 Billion, Ghana
October 15, 2024
Newmont Corporation said it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group $1 billion. The sale is part of Newmont’s ongoing program to divest non-core assets as the company makes a strategic shift to
Mining Connection Offices Will Be Closed Due to Hurricane Milton
October 8, 2024
Today, Tuesday October 8, we have mandatory evacuation orders. We will be prepping our offices this morning and leaving in the afternoon. Daily news posts will be scattered this week and back full time on Monday, October 14. We’ll be
One Fatality, One Injured at Glencore’s Oaky Creek Coal Mine in Queensland, Australia
October 4, 2024
A man in his 30s has died and a man in his 20s is clinging to life with injuries suffered in a “machinery incident” at a Queensland coal mine. One man died instantly from head injuries at the Oaky Creek
Velocity Minerals to Sell Its Bulgarian Assets to Türkerler for $59 Million
October 3, 2024
Velocity Minerals Ltd. has entered into a binding letter agreement with Türkerler. Türkerler has agreed to purchase 100 percent of the Rozino gold project, together with certain licenses, license applications, and associated tenures and rights and certain other Bulgarian mineral
Rio2 Receives All Key Sectorial Permits for Construction of Fenix Gold Mine, Chile
October 3, 2024
Rio2 Limited said its Chilean subsidiary, Fenix Gold, has received the principal sectorial permits it requires to begin construction at its Fenix Gold Project located in the Maricunga Gold Belt of the Atacama Region, Chile. The sectorial permits include: mining
Capstone Copper Achieves Commercial Production at Its Mantoverde Project, Chile
October 2, 2024
Capstone Copper Corp. said the Mantoverde Development Project (MVDP) has achieved commercial production and, following this major corporate milestone, has outlined its leadership succession plan. On September 21, 2024, the MVDP achieved commercial production defined as the achievement of reaching
Charles Darwin University: New Study Shows AI Can Forecast Mining Disasters
September 30, 2024
Artificial Intelligence can forecast gas-related incidents in coal mines within half an hour, according to a new study exploring how the technology can reduce the risk of disasters. The study was conducted with Charles Darwin University, the University of Technology
Fortescue Signs $2.8B Green Equipment Partnership with Liebherr for Zero Emission Mining Solutions
September 25, 2024
During an impressive event at this year’s MINExpo in Las Vegas, Liebherr and Fortescue announced a significant expansion of their partnership and unveiled the jointly developed autonomous battery-electric T 264 truck. Both Dr. Andrew Forrest and Dr. Willi Liebherr attended
