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Trafigura Places Myra Falls Mine on Care and Maintenance, Seeks Creditor Protection, Canada
December 27, 2023
The Myra Falls polymetallic mine on Vancouver Island is shutting down again, and the mine’s owners are seeking creditor protection. The Myra Falls underground mine produces copper, lead and zinc, and is located in the very heart of B.C.’s oldest
U.S. Claims Huge Chunk of Seabed Amid Strategic Push for Resources
December 27, 2023
The U.S. extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safeguard supplies of minerals key to future
MSHA Issues Final Rule to Protect Miners from Surface Mobile Equipment Accidents
December 21, 2023
Mine Safety and Health Administration released a final rule to help protect miners from accidents, injuries, and fatalities related to surface mobile equipment. The rule requires mine operators to have written safety programs for surface mobile equipment — excluding belt
Dundee Precious Metals to Acquire Osino Resources for $214 Million
December 21, 2023
Canada-based gold mining company Dundee Precious Metals (DPM) has agreed to acquire gold exploration and development company Osino Resources for $214 million (C$287 million). The acquisition includes Osino’s advanced-stage, multi-million-ounce Twin Hills open-pit gold project, along with an extensive exploration
U.S. Miners Miss Out on Tax Credit Granted to Processors
December 21, 2023
The U.S. has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there’s a clear divide for miners and processors. Companies that mine lithium, nickel, cobalt, gallium, or
NMA: Treasury Guidance on 45X Ignores Congressional Intent for Mining Minerals
December 21, 2023
The National Mining Association’s (NMA) president and CEO Rich Nolan commented on guidance issued by the Department of the Treasury on the Section 45X Advanced Manufacturing Production Credit. “This guidance fails to uphold Congress’s intent to incentivize the secure and
NERC Releases 2023 Long-Term Reliability Assessment, Transmission Hurdles Impact Future Reliability
December 21, 2023
Sharp increases in peak demand forecasts and the potential for higher generator retirements are raising concerns for electric reliability over the next ten years. NERC’s 2023 Long-Term Reliability Assessment (LTRA) finds that industry faces mounting pressure to keep pace with
NMA: Grid Authority Issues Alarming Wakeup Call on U.S. Electric Reliability Crisis
December 21, 2023
National Mining Association (NMA) president and CEO Rich Nolan issued the following statement on the release of the North American Electric Reliability Corp.’s (NERC) 2023 Long-term Reliability Assessment. “NERC’s latest assessment shows that the nation’s grid reliability has never been
Australia Expands List of Critical Minerals Key to Energy Transition
December 21, 2023
Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The government added fluorine, molybdenum, arsenic, selenium, and tellurium to the list of
EPA Awards $600 Million to 11 Grantmakers for Environmental Justice Projects
December 21, 2023
The EPA has awarded $600 million for 11 selected Grantmakers under EPA’s Environmental Justice Thriving Communities Grantmaking program. This is the largest investment in climate action in history. This new grant program, which will make it easier for small community-based
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