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First Quantum Minerals Issues Statement on Pending Cease Order Over New Tax Talks
December 19, 2022
First Quantum Minerals Ltd. issued the following statement in response to the latest developments regarding the Cobre Panama mine operated by its subsidiary Minera Panama, S.A. (MPSA). “MPSA made significant progress in negotiations with the Government of Panama over the
Rio Tinto Completes $3.1 Billion Acquisition of Turquoise Hill Resources
December 16, 2022
Rio Tinto has completed its acquisition of Turquoise Hill Resources for a consideration of approximately $3.1 billion, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto’s copper portfolio, and demonstrating its long-term commitment to
Newmont’s Boddington Mine Reaches Haulage Milestone Using Cat® MineStar™ Command
December 15, 2022
Western Australia’s largest gold mine, Newmont Corporation’s Boddington Mine, recently surpassed the 100 million tonnes (110 million tons) milestone for material safely hauled using Cat® MineStar™ Command for hauling with the gold industry’s first autonomous haulage system (AHS) fleet. Boddington,
Rio Tinto Acquisition of Turquoise Hill Receives Shareholder Support
December 13, 2022
Rio Tinto has received the required support from Turquoise Hill Resources (TRQ) shareholders for its proposed acquisition of the approximately 49 percent of the issued and outstanding shares of Turquoise Hill that it does not currently own. Given the transaction
St Barbara and Genesis Minerals to Merge in $367 Million Deal
December 13, 2022
St Barbara has agreed to acquire rival Australian miner Genesis Minerals for A$541.3 million ($367.1 million) to create Hoover House, which will exclusively focus on the Leonora District in Western Australia. The acquisition will be executed through a scheme of
U.S. Coal Exports to Europe Up 46% By Weight, 184% By Value
December 13, 2022
Europe is buying almost 50 percent more U.S. coal as winter approaches and the Russian invasion of Ukraine drags on, increasing the percentage of U.S. coal shipped to Europe to the highest level since 2016. The overall value of U.S.
Epiroc to Acquire South African-based Collision Avoidance Systems Provider Mernok Elektronik
December 12, 2022
Epiroc has agreed to acquire Mernok Elektronik (Pty) Ltd., a South African company that provides advanced collision avoidance systems for mining companies. With this acquisition, Epiroc will strengthen its position as a world-leading provider of automation and safety solutions for
Anglo American Combines nuGen™ with First Mode, Invests $200M to Accelerate Zero Emissions Haulage
December 8, 2022
Anglo American has signed a binding agreement with First Mode Holding Inc. to combine Anglo American’s nuGen™ Zero Emissions Haulage Solution (ZEHS) with First Mode, the specialist engineering technology company that partnered with Anglo American to develop the nuGen™ ZEHS.
Government Approves Plans for West Cumbria Mining’s Whitehaven Coal Mine in the UK
December 8, 2022
The Woodhouse Colliery was given the green light by Levelling-Up Secretary Michael Gove on Wednesday. The announcement specified that the coal will not be used for power generation; rather it will be metallurgical coal for steel production. It has been
Glencore Scraps Application for Valeria Coal Mine in Queensland, Australia
December 8, 2022
Australia’s largest coal producer Glencore has scrapped an application for a major new mine in Queensland. The Swiss multinational said it is reviewing plans for the Valeria project in the state’s Bowen Basin, which could have produced 16m tonnes of
