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Newmont to Cut Management Jobs, Merge Business Units
December 10, 2024
U.S. mining operator Newmont has reportedly initiated corporate restructuring that involves cutting nearly a dozen management positions, including an executive team member. This move is part of company’s strategy to streamline operations following its acquisition of Newcrest Mining, according to
Lundin Mining to Sell Its Neves-Corvo and Zinkgruvan Mines to Boliden for $1.37 Billion
December 10, 2024
Lundin Mining has signed a definitive agreement to sell its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden for up to $1.52 billion in total consideration. Under the terms of the agreement, Lundin Mining will receive upfront
Zijin Mining Completes $245 Million Aquisition of Pan American Silver’s La Arena Mine, Peru
December 10, 2024
Jinteng Mining, a subsidiary of Zijin Mining Group, took over as new owner of Pan American Silver‘s La Arena open-pit mine in Peru. The story of the acquisition started in May, and only received approval from Investment Canada in Ottawa
Ambler Metals JV Hoping to Revive Its Arctic Deposit with New Administration
December 9, 2024
Donald Trump’s election has boosted a company that’s seeking to build a mine at the end of Alaska’s proposed Ambler road— suggesting that investors expect the new administration to resurrect the stalled development. Trilogy Metals, which owns half of a
EPA Power Plant Rule Faces Critical Test in DC Circuit
December 9, 2024
Republican-led states and business groups argued in federal court last Friday that the Environmental Protection Agency rule requiring power plants to reduce emissions by using carbon capture technology is unachievable. An appellate panel in the U.S. Court of Appeals for
Allied Gold Secures $175 Million Streaming Agreement to Advance Kurmuk Project, Ethiopia
December 9, 2024
Allied Gold Corporation has entered into final documentation for a streaming transaction with Wheaton Precious Metals (WPMI). Allied will receive an aggregate $175 million upfront cash payment to support the funding of its growth strategy underpinned by the development of
MSHA Completes October 2024 Impact Inspections Report
December 6, 2024
The Mine Safety and Health Administration completed impact inspections in October 2024 at 15 mines in Alabama, Arkansas, Colorado, Illinois, Kentucky, Louisiana, Michigan, Missouri, Nevada, New York, Pennsylvania, West Virginia, and Wyoming and issued 286 violations. The agency conducts impact
The Mining Association of Canada Releases Statement Against Proposed Tariffs
December 6, 2024
The Mining Association of Canada (MAC) released a statement, saying “China’s recent decision to ban exports of gallium, germanium, antimony, and other high-tech materials with potential military applications in retaliation for U.S. restrictions on semiconductor-related exports, underscores the precariousness of
Northern Star Resources to Acquire De Grey Mining in $3.2 Billion Deal
December 5, 2024
Northern Star Resources has agreed to acquire rival Australian gold miner De Grey Mining in a deal valuing the latter at around $3.25 billion (A$5 billion). The merger of both Australian Securities Exchange (ASX)-listed gold producers will create a combined
McEwen Copper Secures Environmental Permit for Construction, Operation of Los Azules Mine, Argentina
December 5, 2024
McEwen Coppe, a subsidiary of McEwen Mining, has received the approval of the environmental impact assessment (EIA) for its Los Azules Copper Project. The environmental impact statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting
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