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Australia’s Westgold to Acquire Karora Resources in $808 Million Deal
April 19, 2024
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia. The deal will propel the combined group to become
Sibanye-Stillwater Could Cut 4,000 Jobs as It Restructures Gold Operations in South Africa Region
April 18, 2024
Diversified miner Sibanyed-Stillwater’s planned restructuring of its South African gold operations could cut 4,022 jobs, the South African company said on Thursday, with unions vowing to fight the layoffs. In a statement, the company, which suffered an annual loss of
Peabody Completes $136 Million Acquisition of Wards Well Coal Deposit, Australia
April 17, 2024
Peabody has completed the acquisition of Wards Well coal deposit. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit immediately adjacent to the company’s Centurion Mine Complex, for cash consideration of
U.S. Steel Shareholders Approve Nippon Steel’s $14.1 Billion Takeover Offer
April 17, 2024
United States Steel shareholders voted in favor of a $14.1 billion takeover offer by Nippon Steel, leaving the fate of the deal for the iconic American steelmaker to the realm of U.S. regulators and politics. Investors of U.S. Steel endorsed
TRX Gold Nears Completion of Plant Expansion at Buckreef Gold Project, Tanzania
April 17, 2024
TRX Gold said it expects to double throughput to 2,000 tons per day and increase production at the Buckreef gold project as it nears completion of the plant expansion at the site. The company said the expansion is progressing on
Rithmik Solutions Secures $2 Million in Funding to Revolutionize Mobile Mining Equipment Management
April 12, 2024
Rithmik Solutions has closed on a $2 million funding round. This investment was spearheaded by a syndicate of new and existing investors, demonstrating strong confidence in Rithmik’s innovative approach to reducing greenhouse gas emissions, enhancing equipment uptime, and improving operational
Rio Tinto Spends More than $10.5 Billion with Suppliers in Australia
April 12, 2024
Rio Tinto increased its spending with suppliers and local businesses in Australia to more than $10.475 billion (A$16.1 billion) in 2023, as part of the company’s ongoing commitment to support communities where it operates. This was an increase of 5
Two Fatalities at Newmont’s Cerro Negro Mine, Argentina
April 11, 2024
Newmont has confirmed the passing of two of its workers at its Cerro Negro mine in Argentina. Details regarding the cause of the death are currently under investigation. Both teammates worked in Newmont’s technical services team. Newmont said authorities have
Australian Magnate Rinehart Takes Stake in U.S. Miner MP Materials
April 11, 2024
U.S. rare-earths producer MP Materials said Australian billionaire Gina Rinehart’s mining firm had taken a 5.3 percent stake in the company, expanding her investments in the mineral ore sector. In a regulatory filing last week, the Nevada-based miner said Hancock
Rio Tinto Promotes Bold Baatar to Chief Commercial Officer
April 11, 2024
Rio Tinto has appointed Bold Baatar to the role of chief commercial officer, to lead the group’s commercial and business development activities globally. Bold will succeed Alf Barrios as chief commercial officer, following his decision to retire from Rio Tinto.
