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Barrick Named Tanzania’s Employer of the Year
December 8, 2023
The North Mara Gold Mine has been crowned Employer of the Year at the prestigious 2023 Association of Tanzania Employers (ATE) Awards ceremony. North Mara is operated by Barrick and is jointly owned with the Tanzanian Government through Twiga Minerals
U.S. Gives $50 Million Boost to Critical Minerals Investor TechMet
December 7, 2023
TechMet, a global critical minerals investment company, has secured a further $50 million commitment from the U.S. International Development Finance Corporation (DFC) as part of its latest fundraising round. A ceremonial signing of the commitment letter for the extra $50
CaNickel Signs Option Agreement for Sale of Bucko Lake Mine for $59 Million
December 7, 2023
CaNickel Mining Limited has signed an option agreement with Cobalt One Energy, owned by Blackstone Minerals, to which Cobalt One has been granted the exclusive right and option for a 12-month period to purchase CaNickel’s 100 percent owned Bucko Lake
Rio Tinto Kennecott to Fully Transition to Renewable Diesel
December 7, 2023
Rio Tinto said it will replace its entire fossil diesel consumption with renewable diesel at its Kennecott copper operation in Utah from 2024. Kennecott’s fleet of 90 haul trucks and all heavy machinery will begin to transition to renewable diesel
Evolution Mining to Acquire 80% Interest in Northparkes Mine for $475 Million, Australia
December 7, 2023
Evolution Mining said it has entered into a binding agreement to acquire an 80 percent interest in the Northparkes copper-gold mine from CMOC Group. Evolution said it will acquire Northparkes mine, located in New South Wales, for total cash consideration
Saudi Energy Minister Challenges Plan to Phase Out of Fossil Fuels at COP28
December 7, 2023
A draft agreement to phase out the use of fossil fuels that’s being deliberated at the global climate summit, COP28, in Dubai this week was met with firm opposition from Saudi officials. Energy Minister Abdulaziz bin Salman, half brother of
John Kerry Unveils Nuclear Fusion Strategy as a Source of Clean Energy at COP28
December 7, 2023
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at
COP28 Head: No Science to Suggest Phasing Out Fossil Fuels Will Achieve Key Climate Target
December 6, 2023
Climate leaders have reacted with fury after the controversial head of COP28 claimed there was “no science” to suggest phasing out fossil fuels will help limit global warming to 1.5C. The president of the Dubai climate change summit, Sultan al
Rio Tinto Approves $77 Million to Advance Rhodes Ridge Project to PFS, Australia
December 6, 2023
Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development of the Rhodes Ridge project, one of the world’s best undeveloped iron ore deposits, in the East Pilbara in Western Australia. The commencement of a
Nine Dead After Armed Men Raid Peru’s Poderosa Mine
December 6, 2023
Nine people were killed and 15 injured after armed men raided Peru’s Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have “taken control of the situation”, seven people have been arrested and weapons
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