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Newcrest Mining Turns Down Newmont’s $17 Billion Takeover Bid
February 21, 2023
Newcrest Mining said that its board has determined unanimously to reject the recent $16.9 billion takeover offer from rival gold miner Newmont on the basis that it does not represent enough value for the company’s shareholders. Earlier this month, Newmont
PNX Metals Secures Environmental Permit for Its Fountain Head Gold Project, Australia
February 21, 2023
Australian minerals exploration and development company PNX Metals has secured environmental approval for its fully-owned Fountain Head gold project. Fountain Head operation is located in the Pine Creek region of the Northern Territory, around 170km by road from Darwin. The
LG Chem Becomes First Korean Company to Secure Lithium from North America
February 20, 2023
By becoming the first Korean battery materials company to secure North American spodumene concentrate (SC6), LG Chem began to strengthen its supply chain. SC6 is a high-purity material that processes lithium ore, which can extract lithium hydroxide that serves as
Two Fatalities at MMG’s Dugald River Zinc Mine in Queensland, Australia
February 20, 2023
The two men trapped 125 meters underground at a north-west Queensland mine have been found dead. Dylan Langridge and Trevor Davis went missing on Wednesday in the remote Dugald River zinc mine near Cloncurry after their ute fell into a
World Coal Association Chairman Highlights Coal as Essential for Long-Term Global Energy Security
February 14, 2023
July Ndlovu, chairperson of the international, non-governmental organization, the World Coal Association, has emphasized the vital role coal will play with regards to long-term global energy security in the wake of geopolitical uncertainty effecting the worldwide energy value chain. “Almost
Freeport Indonesia Suspends Some Work at Grasberg Mine After Floods
February 13, 2023
Copper miner Freeport Indonesia temporarily halted mining and processing work at its Grasberg mine after heavy rain flooded part of its concentrate mill and damaged parts of a road, a top company official, Tony Wenas, said on Sunday. The company
Thungela Resources to Acquire Controlling Interest in Ensham Coal Mine for $240 Million, Australia
February 9, 2023
Thungela Resources Limited said it has entered into agreements to acquire a controlling interest in the Ensham coal mine, located within the well-established and infrastructure-enabled southern Bowen Basin in Queensland, Australia. The South Africa-based energy firm said it will acquire the
Brazil Regulator Approves BHP’s $6.6 Billion Takeover of OZ Minerals
February 8, 2023
Australian copper and gold producer OZ Minerals has received the clearance from Brazilian competition regulator for its A$9.6 billion ($6.61 billion) buyout by mining giant BHP Group. The approval for BHP Lonsdale’s takeover of OZ Minerals via a scheme of
Fortescue’s Iron Bridge Magnetite Project on Track to Begin Production in March, Australia
January 31, 2023
Fortescue Metals Group said the first production at its Iron Bridge magnetite project in the Pilbara region of Western Australia as expected will commence by the end of the March 2023. The magnetite mine will yield 22 million tonnes per
New Independent Global Tailings Management Institute Formed to Drive Mining Safety Standards
January 26, 2023
The United Nations Environment Programme (UNEP) and the Church of England Pensions Board (representing the Principles for Responsible Investment PRI) has formed an independent Global Tailings Management Institute (GTMI) aimed at driving mining industry safety standards. The announcement made at
