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Freeport Indonesia Begins Construction on $3 Billion Copper Smelter Complex
October 26, 2021
Freeport Indonesia has started construction on an IDR$42 trillion ($3 billion) copper smelter and precious metals refinery in East Java, Indonesia. A groundbreaking ceremony in this regard at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik was attended
Polish Coal Miners Protest Top EU Court’s Order to Shut Coal Mine
October 25, 2021
Some 2,000 Polish coal miners traveled to Luxembourg to stage a noisy protest Friday against a decision by the European Union’s top court to shut down a major brown coal mine in Poland and to fine the country for flouting
BHP Sweetens Takeover Bid for Noront Resources to $339 Million
October 21, 2021
BHP has sweetened its takeover bid to Canadian mining company Noront Resources to C$419.3 million ($339.1 million) or C$0.75 per share in cash. The Canadian firm’s board has recommended shareholders vote in favor of the amended offer from the mining
Panoramic Resources Produces First Nickel-Copper-Cobalt Concentrate at Savannah Project, Australia
October 21, 2021
Panoramic Resources has produced the first nickel-copper-cobalt concentrate at its Savannah project in the East Kimberley, Western Australia. The production comes with the commissioning of the company’s one million-tonne-per-annum capacity processing plant at Savannah. The tailings processing, crushing, milling, and
Global Cement and Concrete Industry Releases Roadmap to Achieve Net Zero Emissions By 2050
October 19, 2021
Forty of the world’s leading cement and concrete manufacturers today join forces to accelerate the shift to greener concrete by pledging to cut CO2 emissions by a further 25 percent by 2030, marking a decisive step in the race to
Rio Tinto Targets Low-carbon Steel Production with New Technology
October 19, 2021
Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions. Over the past decade, Rio Tinto
South32 to Acquire Stake in Sumitomo’s Sierra Gorda Copper Mine for $2 Billion, Chile
October 15, 2021
Australian mining company South32 has signed an agreement with Sumitomo to buy a 45 percent stake in the Sierra Gorda Copper Mine in Chile for $2.05 billion. The transaction amount include an upfront cash payment of $1.55 billion and a
Australian Drilling Services Company DDH1 to Acquire Swick Mining Services in $85 Million Deal
October 14, 2021
Australian drilling services company DDH1 has agreed to acquire Swick Mining Services in an all-stock deal worth A$115 million ($84.9 million). Swick offers underground mineral drilling, mineral analysis services, and underground mobile drilling equipment. Under the terms of the agreement,
As China’s Mining Regions Get Hit With Flooding, Coal Price Hits Fresh New High as Mines Shut
October 13, 2021
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing
Zijin Mining to Acquire Canada-based Lithium Brine Developer Neo Lithium for $770 Million
October 11, 2021
Chinese mining company Zijin Mining Group has agreed to acquire Neo Lithium, a Canada-based lithium brine developer, in an all-cash deal worth C$960 million ($770.45 million). Neo Lithium is the owner of the Tres Quebradas lithium project (3Q Project) located
