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Fura Gems to Acquire Australian Mining Group Great Northern Mining
August 26, 2020
Fura Gems Inc, the gemstone mining and marketing company, is to acquire Australia-based Great Northern Mining, which boasts 73 leases, in a deal worth approximately C$2.86 million, or A$2.9 million. Toronto-based Fura will pay around C$2,860,632 to vendor Mosley Mining,
Papua New Guinea Demands China Explain COVID-19 Vaccine Trial on Miners
August 25, 2020
Papua New Guinea blocked the arrival of a flight carrying workers from China after a Chinese mine operator said its employees were given a coronavirus vaccine in a possible unauthorized trial, authorities said Friday. The Pacific nation’s pandemic response controller,
Soma Gold Receives Final Permits for Construction of Balvina Cordero Portal at El Bagre Mine
August 25, 2020
Soma Gold Corp. announced that the company has received the final permit needed to start the construction of the Balvina Cordero access portal. The work has commenced and is expected to proceed quickly with initial access to the target vein
Chinese Steel Producers Seek Higher Coal Import Quotas
August 25, 2020
Economic planners from Hebei province met with private-sector steel producers in north China today to defuse a dispute over remaining coal import quotas for this year held by a small group of steel mills, annoying other buyers unable to clear
Vale Board Approves $1.5 Billion Serra Sul 120 Expansion Project, Brazil
August 21, 2020
Brazilian iron ore miner Vale has received board approval to move ahead with the Serra Sul 120 iron ore mine expansion project, with an estimated multiyear investment of $1.5 billion. Located in the municipality of Canaã dos Carajás, the Serra
Fortescue Partners with Curtin University to Advance Digital Future for Australian Resources Sector
August 18, 2020
A new partnership between Fortescue Metals Group (Fortescue) and Curtin University’s WA School of Mines (WASM) will help shape the future of Australia’s mining workforce through a new forward-looking curriculum that meets the needs of the modern resources sector. Fortescue
ABB Secures Contract for Newmont’s Underground Gold Mine Expansion Project, Australia
August 13, 2020
Global technology company ABB has secured an $17.17 million contract form Newmont, a gold mining company, to support the expansion of its Australian underground gold mine. Under the contract, ABB will be responsible for the design, supply, installation and provide
Whitehaven Coal Receives Approval for $498 Million Vickery Extension Project, Australia
August 13, 2020
Australian miner Whitehaven Coal has received an approval from a New South Wales (NSW) state regulator to go ahead with the Vickery extension project. The approval has been secured from the NSW Independent Planning Commission (IPC) following a lengthy technical
Ivanhoe Mines Seeks Strategic Alternatives for Certain African Tier-one Assets
August 11, 2020
Ivanhoe Mines said that it is undertaking strategic discussions with other companies regarding some of its tier-one assets in the Democratic Republic of Congo (DRC) and South Africa. In the DRC, the assets involved in the talks are the Canadian
Germany’s Deutsche Bank to End Financing for Coal Projects by 2025
August 11, 2020
Germany’s investment banking firm Deutsche Bank has adopted a new Fossil Fuels Policy, under which it aims to end financing for coal mining by 2025. The new policy outlines a stringent framework for its business activities in coal, oil and
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