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Glencore to Sell Warehousing and Logistics Business to Infinity for $177 Million
February 1, 2022
Glencore has agreed to divest its warehousing and logistics business, which operates as Access World, to Infinity Logistics and Transport Ventures for $176.7 million in cash. Headquartered in Switzerland, Access World is mainly involved in providing the storage of commodities
Rio Tinto Reaches Agreement with Mongolian Gov’t to Move Ahead with Oyu Tolgoi Underground Project
January 27, 2022
Rio Tinto and its subsidiary Turquoise Hill Resources (TRQ) have reached an agreement with the Mongolian government to move ahead with the $6.93 billion Oyu Tolgoi underground project. The agreement ends a long-running dispute between the parties over the project.
Mining Truck Explosion Kills 17, Levels Dozens of Buildings in Ghana
January 21, 2022
A motorcycle crashed into a truck carrying mining explosives in western Ghana, igniting a huge explosion that leveled dozens of buildings and killed 17 people. Video from the scene showed a crater in the earth and people rushing to collect
Serbia Scraps Planned Rio Tinto Jadar Lithium Mine After Protests
January 21, 2022
Trying to defuse large protests by environmentalists, Serbia’s populist government said Thursday that it was canceling all licenses for mining giant Rio Tinto to open a lithium mine in the Balkan country. “We have fulfilled all the requests of the
Still No Deal in Czech, Poland Lignite Mine Dispute
January 20, 2022
The environment ministers of Poland and the Czech Republic said Tuesday they have made progress but still need to consult on some points in solving a stalemate over a Polish lignite mine the Czech government says is harmful to its
BHP Group Orders Wabtec’s FLXdrive Battery Locomotives
January 19, 2022
Wabtec Corporation has received an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives. The deal builds momentum in the market for the world’s first 100-percent, battery-powered locomotive and supports the Australia-based natural resource company’s plan
Glencore Completes Acquisition of Cerrejón Coal Mine, Colombia
January 13, 2022
Diversified natural resource company Glencore has completed the acquisition of 66.6 percent interest from joint venture partners Anglo American and BHP in Cerrejón coal mine in Colombia. Anglo American and BHP each held a 33.3 percent stake in the thermal
The Metals Company Completes Latest Deep-Sea Research Sampling Campaign
January 12, 2022
The Metals Company has completed its latest offshore research campaign, Environmental Expedition 5E, a targeted sampling campaign of both benthic and pelagic fauna with wider investigations to characterize ecosystem function on the abyssal seafloor. The completion of the six-week expedition
BHP Invests $50 Million in Development-ready Kabanga Nickel Mine, Tanzania
January 11, 2022
Australia-based BHP has announced an investment of $50 million in a development-ready nickel sulphide deposit in western Tanzania. The company will invest $40 million to speed up the development of the Kabanga Nickel project to produce battery-grade nickel, cobalt and
Rio Tinto Orders Wabtec FLXdrive Battery Locomotives to Reduce Emissions
January 11, 2022
Wabtec Corporation and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100 percent, battery-powered locomotive will help Rio Tinto’s
