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Horizonte Minerals Secures $346.2 Million for Construction of Araguaia Nickel Project, Brazil
March 17, 2022
Horizonte Minerals said it signed the final documentation required for a US$346.2 million (£265 million) senior debt facility and US$25 millionn cost overrun facility for the construction of its Araguaia ferronickel project in Brazil. The first drawdown under the senior
Australia to Invest $178 Million in Critical Minerals Manufacturing
March 17, 2022
The Australian government has announced a funding of over A$243 million ($178 million) for four projects with an aim to boost the country’s critical minerals sector. The funding will be available to a A$399 million ($292.3 million) nickel manganese cobalt
RST Solution Develops Dust Suppressants for Miners to Meet New Tougher Exposure Limits
March 11, 2022
Leading fine particle specialist Reynolds Soil Technologies (RST Solutions) is assisting mine site operators to comply with tougher workplace exposure standards for airborne contaminants. In Australia, the national regulator for occupational health and safety Workplace Health and Safety, halved the
Germany Reactivates Coal Power Plants Amid Russian Gas Supply Threats
March 11, 2022
As Germany closes its last nuclear reactors, it is also reactivating old coal power plants to ensure electricity supply security amid Russian threats to turn off the gas tap. Germany’s attempt to simultaneously phase out nuclear and coal power just
Rail and River Transportation Issues Hamper West Virginia’s Coal Exports to Europe
March 11, 2022
Problems are cutting into the West Virginia coal industry’s ability to benefit from record-high prices for coal suddenly needed to fire Europe’s power plants. The mining industry blames railroads and a decline in its own ability to produce coal. The
Perseus Mining to Take Full Ownership of Orca Gold in $155 Million Deal
March 4, 2022
Perseus Mining has agreed to take full ownership of Canada-based gold developer Orca Gold by acquiring the remaining 85 percent stake in an all-stock deal worth C$198 million ($155.1 million). The Australia-based gold company had acquired the currently held 15
SWIFT Ban Hits Russian Coal Exports to China
March 3, 2022
Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sanctions themselves after selected Russian banks were expelled from the SWIFT banking system. “Most banks
Newly Elected Honduras Government to Ban Open-pit Mining
March 2, 2022
The new government of Honduras has announced that it will ban open-pit mining in the Central American nation. The government, which was sworn in last month, also said that it would cancel environmental permits for mining operations across the country.
Energy Crisis Worsens as Russia Delays Coal Supply
February 25, 2022
Coal prices are rising again as the Russia-Ukraine crisis has put energy markets on alert and Russian coal producers struggle to get their coal via railways to export terminals due to COVID-related railway staff shortages. JSC Kuzbassrazrezugol (KRU), asked customers
Newmont to Acquire Buenaventura’s Stake in Yanacocha for $400 Million
February 24, 2022
Newmont and Compañia de Minas Buenaventura S.A.A. have entered into a definitive purchase agreement where Newmont will acquire Buenaventura’s 43.65 percent interest in Minera Yanacocha. “Newmont has successfully operated in Peru for more than 30 years and has deep knowledge
