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Rio Tinto Digs Deep as Prized $7 Billion Copper Mine Finally Delivers, Mongolia
May 5, 2023
The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometers underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert. This was followed by a ceremony
Pan American Silver Closes $4.8 Billion Acquisition of Yamana Gold
May 4, 2023
Pan American Silver has completed its acquisition of all the issued and outstanding common shares of Yamana Gold for a total of up to $4.8 billion. The announcement follows the sale of Yamana’s Canadian assets, including certain subsidiaries and partnerships
China Pushes to Digitize Mines in Attempt to Make them Safer
May 3, 2023
China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem frequent accidents and collapses. Smart-mine sensors monitor aspects such as
NORD DRIVESYSTEMS Celebrates 35 Years of Successful Manufacturing in Aurich, Germany
May 1, 2023
For more than 40 years, NORD has been developing electronic control products and is one of the pioneers of innovative variable frequency drive technology. Since the early 1980s, NORD DRIVESYSTEMS, one of the world’s leading suppliers of gear units, electric
Pacific Nickel Mines, Glencore Sign $22 Million Financing Agreement for Kolosori Nickel Project
April 28, 2023
Pacific Nickel Mines has signed a formal loan documentation and an amended sales agreement with Glencore International to support the development of the Kolosori Nickel project in the Solomon Islands. Under the terms of the agreement, Pacific Nickel will secure
Metso Outotec Upgrades Service Centers in Chile, Peru to Meet Growing Demand for Servicing Equipment
April 28, 2023
Metso Outotec is expanding its service centers in Antofagasta, Chile, and Arequipa, Peru, to meet mining customers’ growing needs for servicing large and heavy equipment. The service centers in Chile and Peru will be expanded significantly including increased lifting capacity
Lithium Americas Completes Acquisition of Arena Minerals
April 27, 2023
Lithium Americas and Arena Minerals have completed the plan of arrangement where Lithium Americas has acquired all of the issued and outstanding common shares of Arena. Arena owns 65 percent of the Sal de la Puna project covering approximately 13,200
OZ Minerals, CiDRA Commission FEED Study at Carrapateena Mine Site
April 27, 2023
OZ Minerals and CiDRA Minerals Processing have commissioned a front end engineering and design (FEED) study for a full-scale implementation of CiDRA’s novel minerals separation technology at the Carrapateena Mine site. Applying CiDRA’s novel technology as a grind circuit rougher
Copper Industry Warns of Looming Supply Gap Without More Mines
April 25, 2023
The world’s appetite for copper to build most electronic devices will exceed supply over the next decade and imperil climate targets unless dozens of new mines are built, executives and analysts said this week at a key industry conference. The
Chilean President to Nationalize Country’s Lithium Industry
April 25, 2023
Chile’s President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry, the world’s second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment. The shock move in the
