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NEWS Click on text to read news by category: General | Product | People | Worldwide

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

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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

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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

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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

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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

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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

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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

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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

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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

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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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