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Velocity Minerals to Sell Its Bulgarian Assets to Türkerler for $59 Million
October 3, 2024
Velocity Minerals Ltd. has entered into a binding letter agreement with Türkerler. Türkerler has agreed to purchase 100 percent of the Rozino gold project, together with certain licenses, license applications, and associated tenures and rights and certain other Bulgarian mineral
Rio2 Receives All Key Sectorial Permits for Construction of Fenix Gold Mine, Chile
October 3, 2024
Rio2 Limited said its Chilean subsidiary, Fenix Gold, has received the principal sectorial permits it requires to begin construction at its Fenix Gold Project located in the Maricunga Gold Belt of the Atacama Region, Chile. The sectorial permits include: mining
Capstone Copper Achieves Commercial Production at Its Mantoverde Project, Chile
October 2, 2024
Capstone Copper Corp. said the Mantoverde Development Project (MVDP) has achieved commercial production and, following this major corporate milestone, has outlined its leadership succession plan. On September 21, 2024, the MVDP achieved commercial production defined as the achievement of reaching
Charles Darwin University: New Study Shows AI Can Forecast Mining Disasters
September 30, 2024
Artificial Intelligence can forecast gas-related incidents in coal mines within half an hour, according to a new study exploring how the technology can reduce the risk of disasters. The study was conducted with Charles Darwin University, the University of Technology
Fortescue Signs $2.8B Green Equipment Partnership with Liebherr for Zero Emission Mining Solutions
September 25, 2024
During an impressive event at this year’s MINExpo in Las Vegas, Liebherr and Fortescue announced a significant expansion of their partnership and unveiled the jointly developed autonomous battery-electric T 264 truck. Both Dr. Andrew Forrest and Dr. Willi Liebherr attended
Trafigura Appoints Richard Holtum as CEO, Jeremy Weir as Chairman
September 25, 2024
Trafigura Group has appointed Richard Holtum as chief executive officer (CEO) effective January 1, 2025 and will join the Trafigura board of directors on October 1, 2024. Jeremy Weir, executive chairman and CEO, will step down from his executive responsibilities
Newmont Lines Up Asset Sales Valued at $2 Billion or More
September 19, 2024
Newmont Corporation is in the process of selling a series of non-core assets so that it can focus on its major operations. That is, those that produce over half a million ounces of gold equivalent per annum. The company’s chief
Barrick Suspends Operations at Papua New Guinea Mine After Violence Kills at Least 20
September 19, 2024
Barrick Gold has suspended operations at its Porgera Gold Mine in Papua New Guinea until Thursday after tribal violence in the region killed at least 20. Papua New Guinea has granted police emergency powers, including the use of lethal force,
Lithium Ionic Completes $20M Royalty Agreement to Advance Its Bandeira Lithium Project, Brazil
September 19, 2024
Lithium Ionic Corp. has successfully completed a royalty agreement with Appian Capital Advisory. Lithium Ionic Bandeira Corp. has executed a definitive royalty agreement with an affiliate of Appian, granting a 2.25 percent gross revenue royalty in exchange for upfront cash
Polymetals Secures $20 Million for Endeavor Mine Restart, Australia
September 18, 2024
Polymetals Resources has secured a pre-payment / loan facility to fund the Endeavor Mine restart along with favorable offtake terms for delivery of zinc and silver-lead concentrates commencing during Q1 2025. Following a competitive project funding process, Polymetals Resources has
