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Newmont Receives Clearance from Korea Fair Trade Commission to Acquire Newcrest
August 18, 2023
Newmont Corporation said the Korea Fair Trade Commission (KFTC) has cleared the company to proceed with its proposed acquisition of Newcrest Mining, stating that the transaction does not violate Korea’s Monopoly Regulation and Fair Trade Law. Newmont continues advancing other
Edison Electric Institute Names Dan Brouillette President and CEO Elect
August 18, 2023
The Edison Electric Institute (EEI) said that Dan Brouillette has been selected as EEI’s president and chief executive officer elect, effective October 1, 2023. Brouillette will become EEI president and CEO on January 1, 2024, and will succeed Tom Kuhn,
JSW Steel Eyes Majority Stake in Teck Resources’ Steelmaking Coal Unit
August 18, 2023
Indian multinational steel producer JSW Steel is reportedly planning to establish a consortium to acquire a majority stake in Teck Resources’ steelmaking coal unit Elk Valley Resources. According to a Bloomberg report, the Indian firm is looking for partners to
Australian Pacific Coal Secures $50 Million Funding Commitment to Restart Dartbrook Mine
August 18, 2023
Australian Pacific Coal is set to restart operations at its Dartbrook thermal coal mine after the company secured a commitment for $50 million debt financing from a major commodity trading firm. Under the terms of the funding agreement, Australian Pacific
TechMet Closes $200 Million Equity Raise to Further Develop Critical Minerals Operations
August 17, 2023
TechMet, the leading global critical minerals investment company, has closed its latest $200 million equity fundraising round. The successful capital raise puts the company on track to exceed a billion-dollar valuation in the next few months. The latest $200 million
Mine Permitting Hampering Electric Vehicle Metals Fueled by U.S. Climate Law
August 17, 2023
The mining industry faces “considerable challenges” meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law, S&P Global said in a report on Tuesday, ahead of the legislation’s one-year anniversary. The landmark U.S.
Teck and Norden Team Up to Reduce Carbon Emissions with Emission Reduction Freight Contract
August 17, 2023
NORDEN and Teck Resources have entered into an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25 percent, or up to 6,700
B.C. Changes Policy on Dispute with U.S. on Selenium Contamination from Coal Mines
August 17, 2023
The British Columbia government has changed its tune on a long-requested investigation into contamination from its mines flowing into U.S. waters, opening the door to progress on an issue that has drawn the attention of President Joe Biden. The province
Lucara Diamond Appoints William Lamb as President and Chief Executive Officer
August 17, 2023
Lucara Diamond Corp. has appointed William Lamb as president and chief executive officer and a director, replacing Ms. Eira Thomas. Eira Thomas co-founded Lucara in 2007, with partners Lukas Lundin and Catherine McLeod-Seltzer. Thomas took on the role of president
Fire Halts Operation at Hecla Mining’s Lucky Friday Mine, Idaho
August 16, 2023
Authorities with the Hecla Mining Company are investigating an underground fire that broke out sometime Sunday at the Lucky Friday Mine. Mike Satre, Hecla’s director of governmental affairs, said that late Sunday evening, smoke was noticed emitting from the mine’s
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