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Antofagasta Completes $1.3 Billion Financing for Los Pelambres Copper Mine Expansion, Chile
April 9, 2019
Antofagasta said that its subsidiary Antofagasta Minerals has completed 100 percent financing of the $1.3 billion expansion of the Los Pelambres copper mine in Chile. Expansion of the Los Pelambres copper mine is being taken up to draw 60,000 tons
Fortescue Approves $2.6 Billion Expansion of Iron Bridge Project, Australia
April 9, 2019
Fortescue Metals Group’s (FMG) subsidiary FMG Magnetite and its joint venture (JV) partner Formosa Steel IB decided to move ahead with the $2.6 billion second stage development of the Iron Bridge Magnetite Project in Australia. Located 145km south of Port
Horizonte Minerals Awarded Construction License for Araguaia Ferronickel Project, Brazil
April 5, 2019
Horizonte Minerals, the nickel development company focused in Brazil, has been awarded the construction license for the development of its 100 percent owned Araguaia Ferronickel Project in Brazil. The award of the construction license was granted by SEMAS, the Brazilian
DRC and Barrick Renew Mutual Commitment to Developing Country’s Great Potential
April 5, 2019
Democratic Republic of Congo’s newly elected president Felix Tshisekedi and Barrick Gold Corporation’s Executive Chairman John Thornton confirmed their partnership to develop the country’s gold mining industry in a meeting during the president’s state visit to the United States. Barrick
Greenstone Makes $A20.8 Million Investment in Kalium Lakes’ Beyondie Sulphate of Potash Project
April 4, 2019
Kalium Lakes announced that it has secured a conditional cornerstone equity investment of $A20.8 million from Greenstone for Beyondie Sulphate of Potash Project, in the East Pilbara region of Western Australia. The proposed equity investment will be undertaken via a
Skycatch and Komatsu Australia Partner to Boost Project Efficiency in Job Sites Across Oceania
April 4, 2019
Komatsu Australia Corp. and Skycatch Inc. are partnering to boost the efficiency of construction, mining, and quarry sites across Oceania with the High Precision Package. The High Precision Package is also known as Komatsu’s Everyday Drone Solution, a key component
Maverix Metals Buys Silver Stream from Ascendant Resources’ El Mochito Mine, Honduras
April 4, 2019
Maverix Metals announced that it has signed a life of mine purchase and sale agreement for silver produced from the El Mochito Mine, owned and operated by Ascendant Resources. Under the transaction, Maverix would make an advance payment of $7.5
Nordion and BRIT Collaborate to Bring Cobalt-60 from India to Global Markets
April 4, 2019
Nordion, a Sotera Health Company, announced the purchase of Cobalt-60 from the Board of Radiation and Isotope Technology (BRIT), a unit of the Government of India Department of Atomic Energy, for distribution to Europe. The collaboration combines Indian-developed technology to
Sojitz Acquires BHP Mitsubishi Alliance’s Gregory Crinum Mine for $71 Million, Queensland
April 2, 2019
BHP Mitsubishi Alliance (BMA), a joint venture between BHP and Mitsubishi Development, has completed the sale of the Gregory Crinum Mine in central Queensland, to Sojitz for $71m. Gregory Crinum is a hard coking coal mine located 60km north east
Nordgold Expands Investment Programs in Burkina Faso
April 2, 2019
Nord Gold more than doubled capital expenditures in the development of its three mines in Burkina Faso to over $145 million in 2018 from $62 million in 2017. The investment highlights its status as one of the country’s largest gold
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