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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
The Metals Company, Allseas Complete Wet-Test Commissioning of Robotic Polymetallic Nodule Vehicle
March 24, 2022
The Metals Company (TMC) has successfully deployed and wet-test commissioned the pilot robotic nodule collector vehicle together with the company’s strategic partner and shareholder, Allseas Group. During the harbor wet-test commissioning undertaken at the Port of Rotterdam, the Allseas-designed pilot
Ardea Secures Major Project Status for $860 Million Kalgoorlie Nickel Cobalt Project, Australia
March 22, 2022
The Australian Federal Government has rolled out the red carpet for Ardea Resources by stamping major project status on its Kalgoorlie nickel and cobalt operation. The decision could help the developer haul its hefty bag of battery metals to market.
GRI Releases New Sustainability Reporting Standard for Coal Sector
March 21, 2022
The Global Reporting Initiative (GRI), one of the leading organizations promoting standardized ESG reporting, announced today the launch of a new disclosure standard for the coal sector, aimed at guiding companies in the sector to communicate their impacts on the
Metals Acquisition Corp. to Acquire Glencore’s CSA Mine in $1.1 Billion Deal, Australia
March 18, 2022
Glencore and Metals Acquisition Corp. (MAC) have entered into a binding agreement for the sale and purchase of Glencore’s CSA copper mine in New South Wales, Australia. Glencore will receive US$1.05 billion in cash, US$50 million equity stake in MAC,
