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The Metals Company Completes Latest Deep-Sea Research Sampling Campaign
January 12, 2022
The Metals Company has completed its latest offshore research campaign, Environmental Expedition 5E, a targeted sampling campaign of both benthic and pelagic fauna with wider investigations to characterize ecosystem function on the abyssal seafloor. The completion of the six-week expedition
BHP Invests $50 Million in Development-ready Kabanga Nickel Mine, Tanzania
January 11, 2022
Australia-based BHP has announced an investment of $50 million in a development-ready nickel sulphide deposit in western Tanzania. The company will invest $40 million to speed up the development of the Kabanga Nickel project to produce battery-grade nickel, cobalt and
Rio Tinto Orders Wabtec FLXdrive Battery Locomotives to Reduce Emissions
January 11, 2022
Wabtec Corporation and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100 percent, battery-powered locomotive will help Rio Tinto’s
China Merges Three State-owned Rare Earth Companies
January 4, 2022
The Chinese government has merged three of its state-owned rare earth producers to form a new entity named China Rare Earth Group. The new company has been created by combining rare-earth units of state-owned companies, including China Minmetals, Aluminum Corp
Vulcan Minerals to Acquire Vale’s Coal Assets in Mozambique for $270 Million
January 4, 2022
Vulcan Minerals, a subsidiary of India-based Jindal Group, has agreed to acquire Moatize coal mine in Mozambique and the Nacala logistics corridor from Vale in a deal valued up to $270 million. Under the deal, Vale will receive $80 million
Rio Tinto to Acquire Rincon Mining Lithium Project in Argentina for $825 Million
January 4, 2022
Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The acquisition demonstrates Rio
Univ. of Sydney Researchers Develop Low-Cost, Long-Range, High-Data Underground Mining WiFi Systems
December 20, 2021
In a boon for the mining industry and internet users everywhere, University of Sydney telecommunications researchers are developing a safe and cost-effective technology that could be a wireless internet game changer. They are developing an industrial long-range WiFi system that
Orica to Sell Its Minova Business to Aurelius Group for A$180 Million
December 14, 2021
Orica has entered into an agreement to sell its Minova business to Aurelius Group, a European based investment firm, for A$180 million, subject to transaction costs and customary completion adjustments. This announcement follows Orica’s announcement in May 2021 of its
Northern Star to Acquire Newmont’s Kalgoorlie Power Business for $95 Million
December 10, 2021
Newmont has agreed to sell its Kalgoorlie power business to Australia’s Northern Star Resources Limited. Under terms of the agreement, Newmont receives US$95 million in cash, inclusive of the US$25 million option payment previously received from Northern Star as part
Australia Approves South32’s Dendrobium Coking Coal Mine Expansion
December 8, 2021
The New South Wales (NSW) government has declared Australian-South African mining firm South32’s proposed A$956 million ($671 million) Dendrobium coking coal mine expansion in the Illawarra region as state-significant infrastructure, allowing it to move forward in the approvals process. The
