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Whitehaven Coal to Acquire Blackwater and Daunia Coal Mines in $3.2 Billion Deal
October 24, 2023
Whitehaven Coal said it has executed definitive sale agreements with BHP Group and Mitsubishi Development to acquire 100 percent of both the Daunia and Blackwater metallurgical coal mines for an aggregate cash consideration of $3.2 billion. Whitehaven said it has
Codelco Agrees to Acquire Lithium Power International for $244 Million
October 24, 2023
Corporación Nacional del Cobre de Chile (Codelco) has signed a binding scheme implementation deed (SID) to acquire 100 percent of Lithium Power International (LPI), under a scheme of arrangement. Under the terms of the SID, LPI shareholders will receive $0.36
Liontown Resources Secures $720 Million for Kathleen Valley Lithium Project, Western Australia
October 24, 2023
Liontown Resources has secured $720 million (A$1.14billion) financing to fully fund the Kathleen Valley lithium project in Western Australia to first production and beyond. The financing will come via a debt financing package, a fully underwritten equity raising, and a
Atlantic Lithium Granted Mining Permit for Ewoyaa Project, Ghana
October 23, 2023
Atlantic Lithium has been granted a mining lease for the Ewoyaa Lithium Project by Ghana’s Ministry of Lands and Natural Resources. It is the first mining lease to be granted for lithium in Ghana and carries exclusive rights to carry
U.S. Eases Sanctions on Venezuela Oil, Gas, and Gold Sectors after Election Deal
October 20, 2023
The United States is easing sanctions on Venezuela after the South American country’s government and opposition agreed to have next year’s election monitored by international observers. Sanctions will be eased on Venezuela’s oil, gas, and gold sectors. The next election
Fortuna Silver Mines Completes $57M Acquisition of Chesser Resources
October 19, 2023
Canadian precious metals mining company Fortuna Silver Mines has completed its $57.05 million (A$89 million) acquisition of Australian gold miner Chesser Resources. The transaction was implemented by way of a statutory scheme of arrangement pursuant to the Australian Corporations Act
MINExpo INTERNATIONAL Gears Up for Huge Show in 2024
October 19, 2023
MINExpo 2024 Las Vegas will be the world’s largest and most comprehensive global mining equipment, products and services exhibition. Organized by the National Mining Association (NMA), MINExpo INTERNATIONAL is a gathering place for all persons involved in mining equipment, safety
Lithium Americas Completes Reorganization, Creates Two Leading Lithium Companies
October 19, 2023
Lithium Americas, now Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. have completed the reorganization of Lithium Americas into two independent publicly traded companies, implemented by way of statutory plan of arrangement. “We look forward to seeing these
Freeport McMoRan Seeks to Extend Permit for Exporting Indonesian Copper
October 17, 2023
Freeport McMoRan will seek Indonesia’s approval to keep exporting mined copper beyond a May deadline to avoid building up stockpiles of concentrates as it ramps up output at a smelter it’s building at Jakarta’s request. The U.S. miner aims to
Nevada Gold Mines Signs Multi-year Agreement with Komatsu for 62 930E-5 Haul Trucks
October 16, 2023
Building on the proven success of Komatsu trucks at Barrick’s Lumwana Copper Mining Operation in Zambia, Nevada Gold Mines (NGM), signed a multi-year agreement with Komatsu to deliver 62 Komatsu 930E-5 haul trucks between 2023 and 2025. NGM is the
