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Rio Tinto Reaches $2.3B Financing Plan Agreement with Turquoise Hill Resources for Oyu Tolgoi
April 12, 2021
Rio Tinto has entered into a binding heads of agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan for the completion of the Oyu Tolgoi (OT) underground project in Mongolia. The funding plan addresses the estimated remaining
Stantec to Acquire Australia-based Engenium Strengthening Mining Project Delivery Services
April 12, 2021
Canada-based engineering and design firm Stantec has signed a letter of intent to acquire mining project delivery consultancy Engenium for an undisclosed amount. Established in 2003, Engenium has worked with several Australian mining, resources, and industrial infrastructure clients to deliver
BHP Begins Approval Process for Mt. Arthur Coal Mine Continuation Project, Australia
April 2, 2021
BHP has started the process of pursuing approval for extending operations of the Mt. Arthur Coal mine in Australia by another 19 years till 2045. The current approval for the open-cut coal mine will expire on June 30, 2026. Located
Mincor Opens Cassini Nickel Mine, Western Australia
March 31, 2021
Mincor Resources has opened the Cassini nickel mine in Western Australia, marking a key step ahead towards the commencement of nickel production early next year. Located in the Southern Goldfields region, Cassini mine is said to be the cornerstone of
Canada’s Largo Resources Approves Construction of New Ilmenite Concentration Plant
March 23, 2021
Largo Resources’ board of directors has approved the construction of a new ilmenite concentration plant. Commercial production from the new plant is expected early in 2023 and the plant’s capacity will be approximately 150,000 tonnes of ilmenite concentrate per annum.
Canada’s Nickel 28 Buys Carbon Offsets for Its Share of Ramu Nickel and Cobalt Production
March 23, 2021
Nickel 28 completed an independent analysis on GHG intensity for the Ramu nickel-cobalt operation, confirming the operation is one of the lower GHG emitters in the nickel industry. Ramu’s average GHG intensity has been calculated at 15.6 tonnes carbon dioxide
Canada-based DeepGreen Metals to Merge with SOAC in $2.9 Billion Deal
March 9, 2021
DeepGreen Metals has agreed to merge with Sustainable Opportunities Acquisition (SOAC) in a deal that values the combined company at $2.9 billion. Based in Canada, DeepGreen Metals develops battery metals from seafloor polymetallic nodules. Post-merger, the combined entity will be
Tesla Becomes Partner in Vale’s Goro Nickel Mine in New Caledonia
March 5, 2021
Tesla is to become a partner in a nickel mine in the French-controlled Pacific island of New Caledonia to ensure it has enough supplies. Nickel is a key component in lithium-ion batteries, currently the main way to power electric cars.
Red River Resources Pours First Gold at Hillgrove Mine, Australia
March 2, 2021
Red River Resources has achieved the first gold pour at its Hillgrove Gold Mine in New South Wales, Australia following its acquisition in 2019. The Australian mining company wrapped up commissioning of the Hillgrove Gold processing plant and has claimed
Rio Tinto Awards $385 Million for Development of Greater Tom Price Operations, Australia
February 26, 2021
Rio Tinto has to date awarded contracts valued at over $385 million (A$500 million) to local Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price Operations. Construction of the Western Turner Syncline Phase
