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CIMIC to Sell 50% Stake in Mining Services Subsidiary Thiess to Elliott for $1.5 Billion
October 22, 2020
CIMIC Group has agreed to sell a 50 percent stake in its fully-owned mining services subsidiary Thiess to funds advised by Elliott Advisors (UK) for AUD2.15 billion ($1.52 billion). Thiess provides open cut and underground mining services across Australia, Asia,
Chilean Miner Trapped Underground Ten Years Ago Recalls Rescue
October 22, 2020
The spectacular rescue a decade ago of 33 miners trapped for two months underground in Chile´s far-flung Atacama desert made headlines around the world. One of the survivors recalled in an interview with Reuters on Monday the drama of the
Australia’s Newcrest Mining Approves Two Mining Projects
October 20, 2020
The board of Australia-based Newcrest Mining has approved the stage 2 expansion of the Cadia gold mine in New South Wales and the Lihir mine’s front-end recovery project in Papua New Guinea. Estimated to cost $175 million, stage two of
Government Steps in to Decide Fate of West Cumbria Mining’s Coal Mine
October 15, 2020
Communities Secretary Robert Jenrick will decide whether to give the go-ahead to a new coal mine in Cumbria, after the plans were again backed by the council. Cumbria County Council confirmed its support for the scheme on Friday, despite campaigns
Lundin Mining to Meet Candelaria Workers Amid Strike, Chile
October 15, 2020
Canada’s Lundin Mining will meet on Wednesday with the Mina union at its Candelaria copper deposit in Chile in a bid to resume talks to end a strike that began last week, the union’s head said on Tuesday. The union
Vale and Tesla in Talks to Secure Nickel Supply for Batteries
October 15, 2020
The nickel price ticked up modestly this morning as a reports that Brazilian miner Vale is in talks with Tesla about a secure supply of nickel. Nickel is one of the key components that Tesla uses in the manufacture of
Shanta Gold Starts Construction on Singida Project, Tanzania
October 13, 2020
East Africa-focused gold producer Shanta Gold has commenced construction on the Singida gold mining project in central Tanzania. Located in Ikungi administrative district, Singida Region, central Tanzania, the project comprises three prospecting licenses that cover nearly 52km2 and three mining
Northern Star to Acquire Australian Rival Gold Miner Saracen Mineral for $4.1 Billion
October 13, 2020
Northern Star Resources has agreed to acquire rival Australian gold miner Saracen Mineral in an all-stock deal worth AUD5.76 billion ($4.14 billion). Through a scheme of arrangement, the two firms will merge to create an AUD16 billion ($11.47 billion) global
Amur Minerals Advances Its Kun Manie Project Closer to Bankable Status, Russia
October 8, 2020
Amur Minerals Corporation continues to push the Kun Manie mine project closer to ‘bankable’ status with the key Russian TEO report now said to be “very nearly complete”. Technical studies produced for the TEO — the Russian equivalent of a
Jervois Mining to Acquire Sao Miguel Paulista’s Cobalt Refinery for $22 Million, Brazil
October 6, 2020
Australia-based Jervois Mining has signed an agreement to acquire the Sao Miguel Paulista (SMP) nickel and cobalt refinery in Sao Paulo, Brazil from Companhia Brasileira de Aluminio (CBA), a subsidiary of Brazil’s Votorantim, for BRL125 million ($22.5 million). The SMP
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