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OZ Minerals Approves $1.13 Billion to Develop West Musgrave Copper-Nickel Project, Australia
September 27, 2022
OZ Minerals said that its board has given its final investment approval to develop the West Musgrave copper-nickel project in Australia with an investment of around A$1.7 billion ($1.13 billion). Located in the Musgrave Province of Western Australia, the project
Fortescue Future Industries to Establish Colorado Technology Hub and Bring Jobs to America
September 21, 2022
Fortescue Future Industries (FFI) will expand its U.S. presence and strengthen its position as a leading global developer of green energy technology through the establishment of a Technology Hub in the state of Colorado. The Hub, which will potentially create
Coal is Staging a Major Comeback
September 19, 2022
Despite big promises to move rapidly away from coal, many countries around the world continue to rely heavily on coal production and imports for their energy needs. This is not surprising from the likes of China and Australia, who make
Newmont Delays Yanacocha Sulfides Project, Appoints Dean Gehring to Lead Assets in Peru
September 16, 2022
Newmont Corporation said it will delay the full-funds investment decision for the Yanacocha Sulfides project in Peru to the second half of 2024. In addition, Newmont has appointed Dean Gehring as chief development officer – Peru to lead the company’s
Mining Firm Executives Convicted of Involuntary Manslaughter in West African Mine Disaster
September 15, 2022
Trevali Mining Corp. is confirming reports that two executives have been convicted of involuntary manslaughter in the West African nation of Burkina Faso in the wake of a flooding disaster at the company’s Perkoa zinc mine, which left several people
Rio Tinto, Baowu Form JV to Develop $2 Billion Western Range Iron Ore Project, Australia
September 14, 2022
Rio Tinto has agreed to create a joint venture (JV) with China Baowu Steel Group (Baowu) to develop the Western Range iron ore project in the Pilbara region of Western Australia with an investment of $2 billion. The mining major
South Africa Mine Dam Wall Collapse Kills One and Injures 40
September 12, 2022
Flooding caused by the collapse of a mine dam wall in South Africa’s Free State province swept away houses and cars on Sunday, the provincial government said, killing one person and injuring another 40. The disaster occurred in the diamond
Austin Engineering to Acquire Mining Equipment Company Mainetec for $19.6 Million
September 9, 2022
Austin Engineering Limited has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years
Rio Tinto and Techgen Metals Team Up to Develop Harbutt Range Project, Australia
September 7, 2022
Rio Tinto, through its wholly-owned subsidiary Rio Tinto Exploration, has signed a binding term sheet with TechGen Metals, to farm-in to the latter’s Harbutt Range project. As per the binding term sheet, Rio Tinto Exploration may own 80 percent of
Mexico Abandons Hope to Rescue Miners as Authorities Plan to Recover Bodies
September 6, 2022
Mexican authorities on Monday outlined an 11-month plan to search for and recover the bodies of 10 coal miners trapped underground a month ago, a quiet admission that they are giving up on ambitions of rescuing the men alive. The
