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Death Toll Rises to 41 in Tragic Turkish Coal Mine Explosion
October 17, 2022
Funerals began Saturday for the victims of a coal mine explosion in northern Turkey as the country’s officials raised the death toll to 41 people. Some of the miners’ relatives had waited all night outside the state-owned Turkish Hard Coal
Billionaire Anthoni Salim to Inject $1.6 Billion in Indonesian Coal Miner Bumi Resources
October 12, 2022
Shareholders of Indonesian coal miner Bumi Resources approved a plan on Tuesday to raise up to $1.6 billion by issuing new shares in a private placement. Billionaire Anthoni Salim’s companies will acquire the majority of the new shares and jointly
Mining Industry Faces ESG, Government Tax Pressures
October 12, 2022
Miners are under increasing pressure from the challenges of meeting their environmental, social, and governance (ESG) mandates as governments all over the world set their sights on the industry to fill gaps in their tax revenue, according to an EY
Energy Giants Orsted and RWE Restart Coal Plants as Europe Braces for Winter
October 5, 2022
Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Europe ready themselves for winter amid the energy crisis. In a statement over the
Caledonia Mining to Acquire Bilboes Gold for $53 Million
September 28, 2022
Caledonia Mining has agreed to acquire Bilboes Gold, which owns the Bilboes gold project in Zimbabwe, in a deal worth around $53.3 million. As consideration, Caledonia Mining will issue 5.1 million of its shares to Bilboes Gold along with a
OZ Minerals Approves $1.13 Billion to Develop West Musgrave Copper-Nickel Project, Australia
September 27, 2022
OZ Minerals said that its board has given its final investment approval to develop the West Musgrave copper-nickel project in Australia with an investment of around A$1.7 billion ($1.13 billion). Located in the Musgrave Province of Western Australia, the project
Fortescue Future Industries to Establish Colorado Technology Hub and Bring Jobs to America
September 21, 2022
Fortescue Future Industries (FFI) will expand its U.S. presence and strengthen its position as a leading global developer of green energy technology through the establishment of a Technology Hub in the state of Colorado. The Hub, which will potentially create
Coal is Staging a Major Comeback
September 19, 2022
Despite big promises to move rapidly away from coal, many countries around the world continue to rely heavily on coal production and imports for their energy needs. This is not surprising from the likes of China and Australia, who make
Newmont Delays Yanacocha Sulfides Project, Appoints Dean Gehring to Lead Assets in Peru
September 16, 2022
Newmont Corporation said it will delay the full-funds investment decision for the Yanacocha Sulfides project in Peru to the second half of 2024. In addition, Newmont has appointed Dean Gehring as chief development officer – Peru to lead the company’s
Mining Firm Executives Convicted of Involuntary Manslaughter in West African Mine Disaster
September 15, 2022
Trevali Mining Corp. is confirming reports that two executives have been convicted of involuntary manslaughter in the West African nation of Burkina Faso in the wake of a flooding disaster at the company’s Perkoa zinc mine, which left several people
