NEWS — Click on text to read news by category: General | Product | People | Worldwide
Trafigura Appoints Richard Holtum as CEO, Jeremy Weir as Chairman
September 25, 2024
Trafigura Group has appointed Richard Holtum as chief executive officer (CEO) effective January 1, 2025 and will join the Trafigura board of directors on October 1, 2024. Jeremy Weir, executive chairman and CEO, will step down from his executive responsibilities
Newmont Lines Up Asset Sales Valued at $2 Billion or More
September 19, 2024
Newmont Corporation is in the process of selling a series of non-core assets so that it can focus on its major operations. That is, those that produce over half a million ounces of gold equivalent per annum. The company’s chief
Barrick Suspends Operations at Papua New Guinea Mine After Violence Kills at Least 20
September 19, 2024
Barrick Gold has suspended operations at its Porgera Gold Mine in Papua New Guinea until Thursday after tribal violence in the region killed at least 20. Papua New Guinea has granted police emergency powers, including the use of lethal force,
Lithium Ionic Completes $20M Royalty Agreement to Advance Its Bandeira Lithium Project, Brazil
September 19, 2024
Lithium Ionic Corp. has successfully completed a royalty agreement with Appian Capital Advisory. Lithium Ionic Bandeira Corp. has executed a definitive royalty agreement with an affiliate of Appian, granting a 2.25 percent gross revenue royalty in exchange for upfront cash
Polymetals Secures $20 Million for Endeavor Mine Restart, Australia
September 18, 2024
Polymetals Resources has secured a pre-payment / loan facility to fund the Endeavor Mine restart along with favorable offtake terms for delivery of zinc and silver-lead concentrates commencing during Q1 2025. Following a competitive project funding process, Polymetals Resources has
Indonesia’s Adaro to Spin Off Thermal Coal Holding Firm, Will Create New Business Entity
September 18, 2024
Indonesian coal producer Adaro Energy Indonesia is planning to sell shares in a subsidiary that serves as a holding company for its thermal coal mining concessions. Adaro said that it aims to sell its shares in Adaro Andalan Indonesia (AAI)
UK High Court Rules to Uphold Legal Challenges Against West Cumbria Mining’s Coal Mine
September 17, 2024
Two legal challenges against plans for the first UK coal mine in 30 years to be built in Whitehaven have been upheld. It follows a three day hearing at the High Court in London in July, when legal challenges to
Alcoa Sells Its Stake in Saudi Mining Company Ma’aden for $1.1 Billion
September 16, 2024
Alcoa has entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden), were Alcoa will sell its full ownership interest of 25.1 percent in the Ma’aden joint venture to Ma’aden for approximately $1.1 billion. The
Australian Pacific Coal Produces First Coal in 17 Years at Dartbrook Mine
September 12, 2024
Australian Pacific Coal Limited said the Dartbrook joint venture has produced coal to surface at the Dartbrook Mine. Run of Mine (ROM) coal was successfully produced to surface following the completion and testing of the newly installed 4 km conveyor
Atlantic Lithium Receives Environmental Permit for Ewoyaa Lithium Project, Ghana
September 12, 2024
Atlantic Lithium Ltd. has received its environmental permit (EPA permit) for the Ewoyaa Lithium Project from Ghana’s Environmental Protection Agency (EPA). The permit serves as the EPA’s approval for the company’s proposed activities at the project, said the statement, and
