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Westwater Approves Construction of Phase I of Coosa Graphite Project, Alabama
October 14, 2021
Westwater Resources’ board of directors approved expenditures of $202 million to execute the construction plan for Phase I of the Coosa Graphite Project located in Kellyton, Alabama. Construction activities are expected to begin before the end of 2021. In addition,
CONSOL Energy Advances Its Direct Operating Greenhouse Gas Emission Reduction Targets
October 14, 2021
CONSOL Energy has advanced its Forward Progress sustainability initiative with the announcement of targets to reduce its direct operating greenhouse gas emissions. The company has set an interim goal to reduce its direct operating greenhouse gas emissions (referred to as
Australian Drilling Services Company DDH1 to Acquire Swick Mining Services in $85 Million Deal
October 14, 2021
Australian drilling services company DDH1 has agreed to acquire Swick Mining Services in an all-stock deal worth A$115 million ($84.9 million). Swick offers underground mineral drilling, mineral analysis services, and underground mobile drilling equipment. Under the terms of the agreement,
Wolfden Resources Pulls Application for Pickett Mountain Project for Amendments, Maine
October 14, 2021
An Ontario-based company on Wednesday withdrew its application for zoning changes necessary for a large-scale mining operation in northern Maine, but the company’s CEO suggested the application would be resubmitted at a later date. The announcement by Wolfden Resources on
W.Va. PSC Approves Continued Operation of Three Coal-fired Power Plants
October 14, 2021
The Public Service Commission has approved Appalachian Power Company and Wheeling Power Company’s request to keep the Amos, Mountaineer, and Mitchell plants operational until at least 2040. Today’s order will not immediately affect the power bills of West Virginia customers.
Cleveland-Cliffs to Acquire Ferrous Processing and Trading Company for $775 Million
October 13, 2021
Cleveland-Cliffs has entered into a definitive agreement to acquire Ferrous Processing and Trading Company (FTP), including certain related entities (FPT), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment. Based
As China’s Mining Regions Get Hit With Flooding, Coal Price Hits Fresh New High as Mines Shut
October 13, 2021
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing
Todd Hoffman of ‘Gold Rush’ Fame Will Return to Discovery Channel for New Gold Mining Series
October 13, 2021
The popular Discovery Channel series, “Gold Rush,” is still drawings viewers who want to watch miners search for gold way up north. But since the 2018 departure of Todd Hoffman and his crew, fans of “Gold Rush” have wondered if
Reconciliation Bill Could Bring First Federal Royalties for Hardrock Mines
October 11, 2021
The federal reconciliation debate is plodding forward, and hardrock mining royalties are back on the bargaining table. Among the policies outlined in Democrats’ $3.5 trillion, 2,466-page Build Back Better Act are new fees on the mining of locatable minerals, like
Ganfeng Lithium to Acquire Millennial Lithium for $353 Million
October 11, 2021
Millennial Lithium and Ganfeng Lithium have entered into a definitive agreement which Ganfeng, through a British Columbia subsidiary, will acquire all of the outstanding common shares of Millennial for C$3.60 per common share in cash representing total cash consideration of
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