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China Merges Three State-owned Rare Earth Companies
January 4, 2022
The Chinese government has merged three of its state-owned rare earth producers to form a new entity named China Rare Earth Group. The new company has been created by combining rare-earth units of state-owned companies, including China Minmetals, Aluminum Corp
Vulcan Minerals to Acquire Vale’s Coal Assets in Mozambique for $270 Million
January 4, 2022
Vulcan Minerals, a subsidiary of India-based Jindal Group, has agreed to acquire Moatize coal mine in Mozambique and the Nacala logistics corridor from Vale in a deal valued up to $270 million. Under the deal, Vale will receive $80 million
Rio Tinto to Acquire Rincon Mining Lithium Project in Argentina for $825 Million
January 4, 2022
Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The acquisition demonstrates Rio
Univ. of Sydney Researchers Develop Low-Cost, Long-Range, High-Data Underground Mining WiFi Systems
December 20, 2021
In a boon for the mining industry and internet users everywhere, University of Sydney telecommunications researchers are developing a safe and cost-effective technology that could be a wireless internet game changer. They are developing an industrial long-range WiFi system that
Orica to Sell Its Minova Business to Aurelius Group for A$180 Million
December 14, 2021
Orica has entered into an agreement to sell its Minova business to Aurelius Group, a European based investment firm, for A$180 million, subject to transaction costs and customary completion adjustments. This announcement follows Orica’s announcement in May 2021 of its
Northern Star to Acquire Newmont’s Kalgoorlie Power Business for $95 Million
December 10, 2021
Newmont has agreed to sell its Kalgoorlie power business to Australia’s Northern Star Resources Limited. Under terms of the agreement, Newmont receives US$95 million in cash, inclusive of the US$25 million option payment previously received from Northern Star as part
Australia Approves South32’s Dendrobium Coking Coal Mine Expansion
December 8, 2021
The New South Wales (NSW) government has declared Australian-South African mining firm South32’s proposed A$956 million ($671 million) Dendrobium coking coal mine expansion in the Illawarra region as state-significant infrastructure, allowing it to move forward in the approvals process. The
Sandvik to Acquire Deswik, Launch New Digital Mining Technologies Division
December 7, 2021
Sandvik has signed an agreement to acquire Australian-based Deswik, the leading and fastest growing major provider of mine planning software. Deswik will be part of a newly formed division Digital Mining Technologies within business area Sandvik Mining and Rock Solutions.
Four Employees Fatally Injured at Two Different Sibanye-Stillwater’s Operations, South Africa
December 7, 2021
Sibanye-Stillwater reported the tragic loss of four colleagues in two separate incidents on Friday, December 3, 2021. At approximately 2:30 this morning, a colleague at Khuseleka shaft at the Rustenburg operations passed away due to a fall of ground incident
MMG to Stop Production at Las Bambas Mine Amid Logistic Issues, Peru
December 7, 2021
MMG has announced that it will stop production at the Las Bambas copper mine in Peru by mid-December 2021 due to logistic issues driven by continued opposition from local community members. The Australia-based company had been facing blockades on public
