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Fortune Minerals Awarded $6.4 Million DOD Grant to Advance Its NICO Critical Minerals Project,Canada
May 20, 2024
Fortune Minerals Limited said the United States Department of Defense (DoD) has awarded the company a $6,380,555 grant under the Defense Production Act (DPA) Title III program to expand the domestic capacity and production of cobalt for the battery and
Epiroc Opens Cutting-Edge Competency Center for Surface Mining in Tucson, Arizona
May 20, 2024
Epiroc had inaugurated its Competency Center for Surface Mining in Tucson, Arizona. This milestone marks a significant strategic advancement for Epiroc USA, with the establishment of a state-of-the-art 28,000 square feet rebuild center to provide advanced support for surface mining
Brazil Potash Secures Licensing to Start Construction of Its Autazes Project
May 20, 2024
Brazil Potash Corp. said the Amazon State Environmental Protection Institute (IPAAM), has granted the mine installation license for the Autazes Potash Project to the 100 percent owned Brazilian subsidiary Potassio do Brasil, allowing for construction to commence. This is a
New Gold Increases Stake in Afton Mine to 80% for $255 Million, Canada
May 20, 2024
New Gold Inc. has entered into an agreement relating to its strategic partnership with Ontario Teachers’ Pension Plan at the New Afton Mine, where New Gold will increase its effective free cash flow interest in New Afton to 80.1 percent.
U.S. to Open Up $3.4 Billion in Bid Contracts for Domestically Produced Nuclear Reactor Fuel
May 20, 2024
The U.S. will ask suppliers next month to bid on contracts for as much as $3.4 billion of domestically produced nuclear reactor fuel, according to a government notice. Around $2.7 billion of the funding comes from a broader plan to
Equinor Acquires Stake in Two Standard Lithium’s Projects in Arkansas and Texas for $160 Million
May 17, 2024
Standard Lithium Ltd. has closed on a landmark strategic partnership with Equinor to accelerate the development of Standard Lithium’s large-scale, sustainable lithium projects in the Smackover Formation. The transaction includes Equinor’s contribution of up to $160 million, representing its total
BLM Proposes End to Coal Leases for Mines on Federal Lands in Montana and Wyoming
May 17, 2024
The Bureau of Land Management is proposing an end to coal leases on federal land in Montana and Wyoming. The announcement Thursday came as BLM’s Miles City office updates the bureau’s environmental impact statement for its regional management plan. The
NMA Releases Statement on BLM Banning New Coal Leasing in the Powder River Basin
May 17, 2024
The National Mining Association (NMA) issued the following comments from Rich Nolan, NMA president and CEO, on the U.S. Bureau of Land Management’s (BLM) decision to ban new coal leasing in the Powder River Basin. “At a time of deteriorating
Fatality at CM Energy Operated Surface Coal Mine, W.Va.
May 17, 2024
A coal miner was killed on the job in West Virginia on Thursday morning, according to Governor Jim Justice. The coal miner was identified as Virgil Paynter. He was killed at the CM Energy Operations Surface Mine while operating an
Ramaco Resources Secures Increased Revolving Credit Agreement
May 17, 2024
Ramaco Resources said its principal bank lender, KeyBank, has amended the company’s existing revolving credit agreement to increase the overall commitments under the facility to $200 million. The facility also provides the company an ability to access an additional $75
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