NEWS — Click on text to read news by category: General | Product | People | Worldwide
World Not Ready Yet to ‘Switch Off’ Fossil Fuels, COP28 Host UAE Says
May 11, 2023
The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions — not the production of oil, gas and coal — at the upcoming U.N. climate change negotiations that it will host this December. The
Vallourec to Resume Full Production at Its Pau Branco Iron Ore Mine, Chile
May 11, 2023
Vallourec has obtained the necessary permissions from the state mining and environmental authorities for the full release of the Cachoeirinha core waste pile. The Pau Branco iron ore mine is set to return to full production by the end of
Fraser Institute Releases Annual Survey of Mining Companies, Nevada Ranks Number One
May 9, 2023
Nevada is the most attractive jurisdiction in the world for mining investment followed by Western Australia, and Saskatchewan, according to the Annual Survey of Mining Companies released by the Fraser Institute, an independent, non-partisan Canadian policy think-tank. “The Fraser Institute’s
Sibanye-Stillwater to Acquire Remaining Stake in New Century Resources for $103 Million
May 5, 2023
South Africa-based mining company Sibanye-Stillwater has made an offer to acquire the remaining stake in Australian mining company New Century Resources for $103 million. New Century Resources is a tailings management and rehabilitation company that owns and operates the New
Rio Tinto Digs Deep as Prized $7 Billion Copper Mine Finally Delivers, Mongolia
May 5, 2023
The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometers underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert. This was followed by a ceremony
Pan American Silver Closes $4.8 Billion Acquisition of Yamana Gold
May 4, 2023
Pan American Silver has completed its acquisition of all the issued and outstanding common shares of Yamana Gold for a total of up to $4.8 billion. The announcement follows the sale of Yamana’s Canadian assets, including certain subsidiaries and partnerships
China Pushes to Digitize Mines in Attempt to Make them Safer
May 3, 2023
China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem frequent accidents and collapses. Smart-mine sensors monitor aspects such as
NORD DRIVESYSTEMS Celebrates 35 Years of Successful Manufacturing in Aurich, Germany
May 1, 2023
For more than 40 years, NORD has been developing electronic control products and is one of the pioneers of innovative variable frequency drive technology. Since the early 1980s, NORD DRIVESYSTEMS, one of the world’s leading suppliers of gear units, electric
Pacific Nickel Mines, Glencore Sign $22 Million Financing Agreement for Kolosori Nickel Project
April 28, 2023
Pacific Nickel Mines has signed a formal loan documentation and an amended sales agreement with Glencore International to support the development of the Kolosori Nickel project in the Solomon Islands. Under the terms of the agreement, Pacific Nickel will secure
Metso Outotec Upgrades Service Centers in Chile, Peru to Meet Growing Demand for Servicing Equipment
April 28, 2023
Metso Outotec is expanding its service centers in Antofagasta, Chile, and Arequipa, Peru, to meet mining customers’ growing needs for servicing large and heavy equipment. The service centers in Chile and Peru will be expanded significantly including increased lifting capacity
