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CITIC Metal to Acquire 20% Stake in Ivanhoe Mines for $560 Million
June 18, 2018
The equity investment from the Chinese firm is expected to help in advancing three mine-development projects of Ivanhoe in Southern Africa which include the Kamoa-Kakula, Platreef and Kipushi mines. Kamoa-Kakula is a copper discovery on the Central African Copperbelt in
Nevsun Extends Mine Life at Bisha Zinc-Copper Mine, Eritrea
June 18, 2018
Canadian mid-tier base metals company Nevsun Resources and its partner ENAMCO have approved an extension to the Bisha zinc-copper mine in Eritrea. The open-pit extension adds 3.3 million tonnes of high-grade ore to the mill and extends operations through the
Immersive Technologies’ Simulators Increase Opportunities for Female Workforce at Freeport Indonesia
June 15, 2018
Female operators are the focus of a new initiative at PT Freeport Indonesia (part of FMI in Grasberg) where IM360 simulators from Immersive Technologies are used to train operators to remotely operate Caterpillar’s Semi-Autonomous Underground Load Haul Dumps (LHDs) using
Barrick Gold Releases Its Annual Sustainability Report
June 15, 2018
Barrick Gold Corporation has published its annual Sustainability Report, which provides a detailed and transparent look at the company’s environmental and social performance over the past year. “At Barrick, our sustainability strategy emphasizes partnerships with host governments and communities, to
Glencore to Spend $5.6 Billion Restructuring of Congo’s Katanga Mining
June 14, 2018
Swiss mining giant Glencore PLC unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd., resolving a heated dispute with Congo’s state-run mining company about a massive debt load it has built up over the
Stanmore to Acquire Peabody Australia’s Wotonga South Coal Deposit for $22.8 Million
June 14, 2018
Stanmore Coal has agreed to acquire the Wotonga South coking coal deposit located in central Queensland from Peabody Australia’s Millennium Coal. The coal deposit is part of an A$30m ($22.8m) deal to acquire two coal tenements MDL137 and EPC728 located
Cupric Canyon to Start Construction of Khoemacau Copper Mine in October, Botswana
June 12, 2018
Reuters reported that private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021. Sparsely-populated Botswana is the world’s top diamond producer by value, but
NMDC Receives Environmental Clearance for Its Beneficiation Plant at Bacheli Complex, Chhattisgarh
June 12, 2018
NMDC Ltd has acquired environment clearance for its proposed Beneficiation plant at Bacheli in Bastar region of Chhattisgarh, official sources informed. Notably, NMDC’s Ore Processing Plant at Bacheli will be interconnected by a Slurry Pipeline System between Bacheli and Nagarnar
Mining Operations in Joda Belt of Keonjhar District Comes to Halt Amid Trucking Strike
June 12, 2018
Mining operations in Joda belt of Keonjhar district has come to a grinding halt due to indefinite strike by transporters and truck operators. The transporters are demanding hike in transportation charge keeping in view the constant rise in prices of
Australian Thermal Coal Prices Up as Demand Increases
June 12, 2018
Reuters reported that Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in particular. Spot prices for delivery from Australia’s Newcastle terminal last closed
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