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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
SIMEC Mining Secures Environmental Approval for Its Tahmoor Coal Mine in New South Wales, Australia
October 8, 2021
SIMEC Mining has secured environmental approval from the Australian government for the extension of its Tahmoor coal mine in New South Wales (NSW). The approval was granted by Australian Environment Minister Sussan Ley on behalf of the federal Department of
China Orders Coal Mines to Raise Production to Address Power Crunch
October 8, 2021
Chinese officials have ordered more than 70 mines in Inner Mongolia to increase coal production by almost 100m tonnes, with the country battling its worst power crunch and coal shortages in years. The move is the latest attempt by Chinese
Tesla Battery Supplier CATL to Acquire Canada-based Millennial Lithium for $298 Million
October 5, 2021
Tesla battery supplier Contemporary Amperex Technology (CATL) has set plans in motion to acquire Canada-based Millennial Lithium. Millennial Lithium released an official announcement about the CATL arrangement agreement. As per the agreement, CATL plans to acquire all outstanding shares of
Alcoa to Enter High Purity Alumina Market with Joint Development Project
October 5, 2021
Alcoa Corporation intends to enter the growing high-purity alumina market to address increasing demand for sustainable products through a joint development project. Alcoa of Australia Limited (AoA), a subsidiary of Alcoa Corporation, has executed a binding term sheet with Western
Rafaella Begins Production at Its Underground Santa Comba Tungsten Project, Spain
October 4, 2021
Rafaella Resources said that it has achieved first production from the fully permitted underground mine at the brownfield Santa Comba tungsten project in Spain. The Australian company said that the production follows the installation of a pilot plant. The first
Westgold Makes Offer to Acquire Gascoyne Resources for $75 Million
October 1, 2021
Westgold Resources has revealed plans to make a takeover offer of A$104.8 million ($75.3 million) for rival Australian gold mining company Gascoyne Resources. In June 2021, Gascoyne Resources had announced a merger deal worth A$44.7 million ($32.34 million) with Firefly
