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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
Liebherr and ThoroughTec Enter World-wide Cooperation Agreement
February 26, 2021
Liebherr Mining and ThoroughTec Simulation have signed a world-wide cooperation agreement that will provide Liebherr customers with access to the world’s most advanced operator training simulators and related services, which Liebherr believes are, “essential for honing the skills of workers
Anglo American Suspends Operations at Moranbah North Coal Mine on Safety Concerns, Australia
February 22, 2021
Operations at Anglo American’s Moranbah North coking coal mine in Queensland, Australia, is suspended on safety concerns following detection of a gas leakage, the company said in a statement Feb. 22. The suspension of operations was due to “a change
Caterpillar® Celebrates 50 Years of Manufacturing in India
February 22, 2021
Caterpillar®, the world’s largest manufacturer of construction and mining equipment, enters the 50th year of manufacturing in India. The company has a long history of equipping its machines with leading-edge technology to increase the safety, productivity and efficiency of its
Sandvik Delivers AutoMine Loading Solution to Codelco’s El Teniente Copper Mine, Chile
February 18, 2021
Sandvik Mining and Rock Solutions is delivering its AutoMine Fleet system to automate a new fleet of Sandvik loaders at Codelco’s Pacifico Superior and Pilar Norte GTI, which are part of the El Teniente mine in Chile. This partnership supports
Ivanplats Arranges $420 Million Financing for Platreef Project, South Africa
February 18, 2021
Ivanhoe Mines’ South African subsidiary Ivanplats is arranging project-level financing of around $420 million to boost the development of Platreef palladium, platinum, rhodium, nickel, copper and gold project in Limpopo province. The company has entered into a non-binding term sheet
Global Gold Production to Bounce Back in 2021 Following Coronavirus-Hit Year
February 18, 2021
Global gold production is set to bounce back in 2021 after the coronavirus pandemic caused a drastic drop in output last year, says an analyst. The crisis led to lockdowns being imposed across key gold-producing regions all over the world
