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BHP Walks Away from $49 Billion Pursuit of Rival Anglo American
May 30, 2024
Mining group BHP Group on Wednesday walked away from its $49 billion plan to takeover rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. Anglo had granted BHP a one-week extension until
Arafura Rare Earths Secures $300 Million to Advance Its Nolans Project, Australia
May 30, 2024
Australian mineral exploration company Arafura Rare Earths has secured conditional approval for up to $300 million in debt finance from Export Development Canada (EDC), for its Nolans Project. The 12-year debt facility is a result of a geostrategic partnership between
IEF Report: EV Transition Targets Out of Reach Without More Copper Mines
May 29, 2024
Targets for 100 percent electric vehicle adoption by 2035 cannot be achieved without an unprecedented acceleration in copper mining, according to the Secretary General of the International Energy Forum Joseph McMonigle. Copper is the most essential mineral for societal development,
DHL Industrial Projects Strengthens Logistics Support for Mining Sector
May 28, 2024
DHL Industrial Projects, a unit of DHL Global Forwarding specializing in complex project logistics, deep sea chartering activity, and heavy-lift cargo, is relocating Gavin Erasmus to Phoenix, Arizona. This relocation is part of a broader strategy that includes the expansion
Rio Tinto and BHP Collaborate on Battery-electric Haul Truck Trials in the Pilbara
May 28, 2024
In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. The two companies will work with manufacturers Caterpillar
Happy Memorial Day!
May 24, 2024
In honor of Memorial Day, our offices will be closed on Friday and Monday. We will reopen the office on Tuesday, May 28. May we never forget those who made the ultimate sacrifice for our freedom. This weekend, we honor
Anglo American Rejects Third Proposal from BHP But Grants One-week Extension
May 23, 2024
Anglo American rebuffed an improved $49.87 billion takeover proposal from rival BHP Group, following two prior rejections over the last month, in what would have been the largest-ever mining deal. Despite the rejection, Anglo’s board said it is willing to
Gibb River Diamonds to Reopen Ellendale Diamond Project, Western Australia
May 22, 2024
Gibb River Diamonds (GIB) has received three mining leases, marking a significant step towards reviving the Ellendale Diamond Project in Western Australia. These leases encompass the primary sections of the historic E4 and E9 pipes, as well as the extensively
Iberdrola to Acquire Remaining Stake in U.S.-based Avangrid for $255 Billion
May 21, 2024
Iberdrola has signed an agreement to acquire the 18.4 percent minority stake in its U.S. subsidiary Avangrid, which it previously did not own. The board of directors of Avangrid has approved the transaction, following the recommendation of a committee made
Australian Vanadium Wraps Government-funded Work at Its Vanadium Electrolyte Manufacturing Facility
May 21, 2024
Australian Vanadium Ltd. (AVL) has completed the work for which it received a grant under the Australian Government’s Modern Manufacturing Initiative, awarded in 2021. The company has now received the final payment of $615,000 (A$922,000) from the $247 million (A$3.69
