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Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Peabody’s North Goonyella Mine Renamed Centurion Mine
December 19, 2023
Peabody said its North Goonyella Mine will now be known as the Centurion Mine. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit adjacent to the existing North Goonyella Mine. The
WA Government Approves Alcoa’s Five-year Plan for Its Bauxite Mining and Downstream Alumina Refining
December 19, 2023
Alcoa Corporation said the Western Australian (WA) Government will allow the company to continue bauxite mining and downstream alumina refining in the state, while also pledging to enhance the way it operates to meet evolving requirements and expectations. The government
Australian Pacific Coal Secures $90 Million to Restart Dartbrook Coal Mine
December 18, 2023
Australian Pacific Coal and joint venture partner Tetra Resources have received major new funding support for their plan to restart the world-class Dartbrook coal mine in New South Wales’ Hunter Valley. Leading global energy and commodities company Vitol Asia has
Soma Gold Receives Prestigious Environmental Award for El Bagre Gold Complex in Colombia
December 12, 2023
Soma Gold Corp. said its subsidiary Operadora Minera SAS (Operadora) has been awarded the highest sustainability seal certification from the regional environmental authority Corantioquia. This recognition is a testament to the company’s commitment to sustainability and responsible practices at its
First Quantum Minerals Cuts 4,000 Jobs After Panama Supreme Court Rejects Mine Operations
December 11, 2023
Canadian firm First Quantum Minerals (FQM) said Friday it was laying off more than 4,000 workers after a court prohibited it from operating the largest open-air copper mine in Central America. The company’s Panamanian subsidiary said in a press release
Lynas Feeds First Material to Its Kalgoorlie Rare Earths Processing Facility, Australia
December 8, 2023
Australia-based Lynas Rare Earths has introduced the first feed of material into the Kalgoorlie rare earths processing facility located in Western Australia from the company’s Mt. Weld rare earth mine. The first feed to the facility comes after the completion
Deep-sea Mining in Arctic Ocean Gets Green Light from Norwegian Lawmakers
December 8, 2023
Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area.
Venezuelan Presiden Maduro Orders Immediate Exploitation of Oil, Gas and Mines in Guyana’s Essequibo
December 8, 2023
Venezuelan President Nicolás Maduro on Tuesday ordered the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezuela
Barrick Named Tanzania’s Employer of the Year
December 8, 2023
The North Mara Gold Mine has been crowned Employer of the Year at the prestigious 2023 Association of Tanzania Employers (ATE) Awards ceremony. North Mara is operated by Barrick and is jointly owned with the Tanzanian Government through Twiga Minerals
