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Compass Minerals Completes Sale of South America Chemicals Business
April 21, 2022
Compass Minerals has completed the sale of the company’s South America chemicals business to a subsidiary of Cape Acquisitions. The sale includes all remaining Compass Minerals operations in Brazil, concluding the company’s plan to exit the South American market. “We
Peru Declares State of Emergency to Restore Copper Production at Cuajone Mine
April 21, 2022
Peru will declare a state of emergency near Southern Copper Corp’s Cuajone mine, the country’s prime minister said on Wednesday, as protests hit top mines in the Andean nation, halting 20 percent of national copper output. Peru is the world’s
Wishing Everyone a Blessed Easter Weekend
April 15, 2022
Easter is filled with many lessons of loss, love, and faith. It grounds us with the blessings we have received through out our lives. Each and every year, we are reminded of the path Jesus took to save us. It
Newmont to Acquire Remaining Stake in Yanacocha for $48 Million
April 14, 2022
Newmont Corporation said it will acquire the remaining 5 percent interest in Yanacocha from Sumitomo Corporation for $48 million. The transaction is expected to close in the second quarter, making Newmont the exclusive owner-operator of this world-class asset. This transaction
SSAB and Epiroc Partner to Produce Fossil-free Steel for Mining Equipment
April 12, 2022
SSAB has started a partnership with Epiroc, a leader within mining and infrastructure industry supplies, on fossil-free steel that Epiroc plans to use in its mining equipment production. Epiroc will initially use the fossil-free steel for material for a prototype
Kinross Gold to Sell Russian Assets to Highland Gold for $680 Million
April 7, 2022
Kinross Gold has agreed to sell 100 percent of its assets in Russia to the Highland Gold Mining group of companies and its affiliates for $680 million in an all-cash deal. The Canadian miner has been operating in Russia for
Rio Tinto to Acquire Remaining Stake in Turquoise Hill in $2.7 Billion Deal
April 1, 2022
Rio Tinto has offered to take full ownership of Canada-based mining firm Turquoise Hill by acquiring the remaining stake of about 49 percent in the latter in a deal worth around $2.7 billion. The mining major, currently, has a stake
Australian Uranium Explorers Deep Yellow and Vimy Resources Sign $492 Merger Deal
March 31, 2022
Deep Yellow and rival Australian uranium explorer Vimy Resources have agreed to merge in an all-stock deal worth A$658 million ($492 million). The merger is aimed at creating a new global uranium player having considerable scale and uranium mineral resource
Poland Moves to Block Coal Imports from Russia
March 30, 2022
Poland’s government decided Tuesday to block imports of coal from Russia, part of an overarching strategy to reduce energy dependence on Russia that gained new urgency after Moscow’s invasion of Ukraine. Poland will impose financial penalties on any private entities
Fatal Accident Closes Anglo American’s Moranbah North Coal Mine, Australia
March 28, 2022
UK-South African mining firm Anglo American has closed its Moranbah North hard coking coal mine in Queensland, Australia, after a contractor died in a workplace accident on March 26, further delaying the slow ramp-up of the mine. The Moranbah mine
