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Major Drilling Acquires Australia-based McKay Drilling for C$75 Million
July 16, 2021
Major Drilling Group International has entered into an agreement to acquire all of the issued and outstanding shares of McKay Drilling, a leading specialty drilling contractor based in Perth, Australia for an amount up to A$80 million, or approximately C$75
AngloGold Ashanti Submits Proposal to Acquire Corvus Gold for $370 Million
July 15, 2021
South Africa-based gold miner AngloGold Ashanti has offered to take full ownership of Corvus Gold by acquiring the remaining 80.5 percent in the latter in a deal worth around $370 million. Corvus Gold is a Canada-based publicly-listed junior exploration and
Happy Independence Day!
July 5, 2021
Mining Connection will be back with daily news Tuesday, July 6. We wish everyone a happy and healthy holiday. As we celebrate this 4th of July weekend, we should never forget those who laid down their lives for our freedoms!
Neometals to Spin Off Mt Edwards Nickel Project Into New Company, Widgie Nickel
July 2, 2021
Neometals revealed plans to spin off its Mt Edwards Nickel Project in Western Australia into a pure nickel exploration and development company called Widgie Nickel. The Australian mineral project developer said that its board after carefully reviewing multiple strategic options
Glencore to Acquire JV Partners’ Shares in Cerrejón Coal Mine for $588 Million, Colombia
June 30, 2021
Following notices from its joint venture partners, BHP and Anglo American, offering to sell their entire shares in the Cerrejón mine in Colombia, Glencore has reached agreement with each of them to acquire their respective 33.3 percent interests. The transaction
Rio Tinto to Deploy World’s First Fully Autonomous Water Trucks at Gudai-Darri Mine, Australia
June 29, 2021
Rio Tinto will deploy the world’s first fully autonomous water trucks at its $2.6 billion Gudai-Darri iron ore mine in Western Australia’s Pilbara region. The new vehicles, primarily used for dust suppression on site, will enhance productivity by enabling mine
Vista Gold Achieves Milestone with Approval of Final Major Authorization for Mt Todd Mine, Australia
June 24, 2021
Vista Gold Corp. has received approval of the Mining Management Plan (MMP) by the Northern Territory (NT) Government for the company’s 100 percent owned Mt Todd gold project located in Northern Territory, Australia. The MMP (similar to a mine operating
Adani’s Subsidiary Bravus Strikes First Coal at $12.5 Billion Carmichael Project, Australia
June 24, 2021
Bravus Mining and Resources has struck first coal at the AUD$16.5 billion ($12.49 billion) Carmichael Project in Queensland, Australia. The company, which is a subsidiary of India-based Adani Group, said that it has exposed the first of the coal seams
Mixed Messages on Coal Phase-out From G7
June 18, 2021
The leaders of the G7 member nations failed to agree specific dates for a phase-out of coal from power generation at their annual summit this weekend but did agree to a largely decarbonised power system in the 2030s and to
Australia’s Orocobre and Galaxy Resources to Merge in $3 Billion Deal
June 14, 2021
Rival Australian lithium chemical companies Orocobre and Galaxy Resources have signed an AU$4 billion ($3.09 billion) merger of equals deal. The merger deal is aimed at creating a top five global lithium chemicals company, based on the recent market capitalization.
