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Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Alberta Hit with $10.8 Billion Lawsuit By Coal Companies Over Policy Changes, Canada
December 20, 2023
Five coal companies are suing Alberta for a combined $10.8 billion, claiming the government’s coal policy reforms have cost them billions in lost investment and potential revenues and have made mining the land they leased all but impossible. At the
Skeena Resources Closes $61 Million Financing with Franco-Nevada to Advance Eskay Creek Project
December 20, 2023
Skeena Resources Limited has closed a financing package of $61 million (C$81 million) with Franco-Nevada Corporation to further develop Skeena’s 100 percent owned Eskay Creek Gold-Silver Project. The project is located in the Golden Triangle of Northwest British Columbia. The
DOE Awards Up to $890 Million for Carbon Capture Projects at Gas and Coal Plants
December 20, 2023
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) will allocate up to $890 million in funding for three projects to demonstrate technologies designed to capture, transport, and store carbon emissions. The three projects — located in
Warrior Met Coal Reports Massive Data Breach Impacting Nearly 20,000
December 20, 2023
Warrior Met Coal this week informed the Maine attorney general’s office that the names and social security numbers of nearly 20,000 individuals have been compromised by a recent data breach intended to extort money from the west Alabama metallurgical coal
Peabody’s North Goonyella Mine Renamed Centurion Mine
December 19, 2023
Peabody said its North Goonyella Mine will now be known as the Centurion Mine. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit adjacent to the existing North Goonyella Mine. The
Board of Supervisors Reject Rise Gold’s Vested Right Petition for Idaho-Maryland Mine, California
December 19, 2023
Rise Gold Corp. said the board of supervisors of Nevada County voted to adopt a resolution rejecting the company’s vested rights petition to operate Idaho-Maryland Mine (IM Mine). “While we are disappointed by the board’s decision, we are proud of
Komatsu Acquires Fleet Management Provider iVolve
December 19, 2023
Komatsu has acquired Australia-based iVolve Holdings Pty Ltd. to increase its fleet management offerings for customers. iVolve is a technology company that provides fleet management solutions for small to mid-tier quarry, mining, and construction operations. The acquisition bolsters Komatsu’s existing
Sibanye-Stillwater Begins Repositioning Its U.S. PGM Operations, Montana
December 19, 2023
Platinum group metals (PGM) producer Sibanye-Stillwater said last week the company has begun repositioning its U.S. PGM operations for lower cost structure to secure operational sustainability. In a media release, the company said it has given notice to its employees
WA Government Approves Alcoa’s Five-year Plan for Its Bauxite Mining and Downstream Alumina Refining
December 19, 2023
Alcoa Corporation said the Western Australian (WA) Government will allow the company to continue bauxite mining and downstream alumina refining in the state, while also pledging to enhance the way it operates to meet evolving requirements and expectations. The government
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