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Sinomine Resource Group to Acquire Dundee Precious Metals’ Tsumeb Smelter for $49 Million
March 8, 2024
Dundee Precious Metals (DPM) has entered into a definitive share purchase agreement (SPA) with a subsidiary of Sinomine Resource Group for the sale of its interest in the Tsumeb smelter located in Namibia, including all associated assets and liabilities for
Hitachi Energy Appoints Andreas Schierenbeck as Chief Executive Officer
March 8, 2024
Hitachi Energy has appointed Andreas Schierenbeck as the new Chief Executive Officer, effective July 1, 2024. Claudio Facchin, Hitachi Energy CEO, will step down at the end of June 2024. Schierenbeck will engage with the Hitachi Energy board, executive team,
Uranium Firms Revive Forgotten Mines as Price of Nuclear Fuel Soars
March 5, 2024
Across the U.S. and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five U.S. producers are reviving mines in states including Wyoming, Texas, Arizona, and Utah, where
Canada and Australia Boost Collaboration on Critical Minerals
March 5, 2024
Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday. The announcement came on the sidelines of the annual Prospectors and Developers Association
Fatality at Newmont’s Ahafo North Project, Ghana
March 1, 2024
Newmont has confirmed a fatality at its Ahafo North Project in Ghana due to a weather related incident. The incident took place on February 27, 2024. The incident occurred in the maintenance area of the Ahafo North Project, where the
South32 to Divest Its Illawarra Metallurgical Coal Operation for Up to $1.65 Billion, Australia
February 29, 2024
South32 has agreed to divest the Illawarra Metallurgical Coal operation in New South Wales (NSW), Australia to an entity owned by Golden Energy and Resources (GEAR) and M Resources in a deal worth up to $1.65 billion. The consideration includes
AngloGold Ashanti to Invest $16.7 Million in G2 Goldfields
February 21, 2024
AngloGold Ashanti (AGA) said that it intends, subject to execution of definitive documentation and satisfaction of customary conditions, to subscribe for 24,500,000 common shares in G2 Goldfields at C$0.90 per share for total consideration of C$22,050,000 (US$16,748,288). Following completion of
Volt Resources Passes First Phase of DOE Bid for Funding Opportunity
February 16, 2024
Volt Resources Ltd., an established graphite producer and natural graphite anode developer, continues to make progress in its bid to secure non-dilutive funding. In response to a funding opportunity announcement from the U.S. Government, Volt subsidiary, Volt Energy Materials, submitted
Stanmore Resources to Acquire South32’s 50% Interest in Eagle Downs Coal Project for $135 Million
February 16, 2024
Australia-based Stanmore Resources has agreed to acquire South32’s 50 percent interest in the Eagle Downs metallurgical coal project in Queensland, Australia in a deal worth up to $135 million. Under the terms of the agreement, Stanmore Resources will also take
Sigma Lithium to Invest $100 Million on New Lithium Concentrate Production Plant, Brazil
February 16, 2024
Sigma Lithium, a leader in Brazil’s budding lithium sector, said on Monday it planned to invest $99.4 million ($492.4 million reais) on a previously announced plant in the country, to be backed by financing from the national development bank. Sigma,
