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Rio Tinto and Turquoise Hill Resources Agree to Funding Plan for Oyu Tolgoi Project, Mongolia
September 11, 2020
Rio Tinto and Turquoise Hill Resources (TRQ) have entered into a memorandum of understanding, which provides a clear pathway to progress the financing for completion of the Oyu Tolgoi Underground Project in Mongolia and address TRQ’s funding position. The MOU
Chinese Coal Mines Face Fresh Safety Checks
September 10, 2020
China’s domestic coal supply could face disruptions when authorities conduct week-long safety spot checks on coal mines in at least 11 provinces this month. China’s top three coal producing provinces of Shanxi, Inner Mongolia and Shaanxi are included in the
Zimbabwe Bans Coal Mining in Hwange and Other Game Parks
September 10, 2020
Zimbabwe has banned mining in all its national parks, reversing a decision to let Chinese firms explore for coal at its famous Hwange game park. The move came after campaigners took the government to court to prevent “ecological degradation” in
Mining Firm Vale Completes First Iron Ore Sale Via Blockchain
September 10, 2020
Brazilian mining giant Vale has completed its first sale of iron ore using blockchain technology. The transaction with Nanjing Iron & Steel involved a cargo of 176,000 tons of material from Teluk Rubiah Maritime Terminal, in Malaysia, to China. End-to-end
Tesla Joins Fair Cobalt Alliance in Support of Moral Mining Efforts
September 10, 2020
Tesla has joined the Fair Cobalt Alliance, a group dedicated to the development of fair cobalt by ensuring responsible mining practices and challenging investments into mine improvements. The organization also aims to minimize the environmental impact of cobalt mining and
Miramont Receives Approval for New Processing Plant at Bethania Silver Project, Peru
September 9, 2020
Miramont Resources, through Kuya Silver Corp.‘s local joint venture entity, received approval from the Regional Government of Huancavelica for the Semi Detailed Environment Impact Study (EIA) for the Bethania processing plant project. The Bethania Project is a silver mine that
Miners Get Relief After DRC Makes Exceptions to Export Ban
September 8, 2020
The Democratic Republic of the Congo (DRC) has given mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten and tantalum concentrates after meeting the country’s biggest miners in Kinshasa. The
Russia Plans $1.5 Billion Investment to Become Major Producer of Rare Earth Minerals
September 8, 2020
Russia is reportedly planning to invest $1.5 billion in rare earth minerals, in line with other countries that are trying to reduce their reliance on China for the minerals. The rare earth minerals are considered to be “critical” to the
Pakistan Seeking Relief from $5.8 Billion Fine Over Barrick and Antofagasto Mining Lease
September 8, 2020
Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to an Australian company, saying that paying the fine would hinder its handling of the coronavirus pandemic. The Reko Diq
Calidus Resources Secures Environmental Approval for Warrawoona Gold Project, Australia
September 4, 2020
The Western Australian Minister for the Environment Stephen Dawson has issued environmental approval for the Calidus Resources’ the Warrawoona gold project in the Pilbara. The move marks a major milestone for the company, which aims to commence main project development
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