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Resolute Mining to Sell Ravenswood Gold Mine for $208 Million, Australia
January 20, 2020
Australian mining company Resolute Mining has signed definitive agreements to sell its Queensland-based Ravenswood gold mine to a consortium for $207.54 million in cash. The consortium is comprised of fund managed by private equity manager EMR Capital, along with Golden
Indian Mining Sector Breathes Sigh of Relief After Government Amends Mining Law
January 20, 2020
Steel companies and mining companies in India have heaved a sigh of relief after the federal government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic
BHP Advances Construction on $3.6 Billion South Flank Iron Ore Project, Australia
January 16, 2020
US-based Fluor has erected the first 1500t module for the ore handling plant of BHP’s $3.6 billion South Flank iron ore project in the Pilbara region of Western Australia. The module erection advances the construction of the project, which had
Mining Companies Continue to Support Bushfire Relief in Australia
January 14, 2020
Evolution Mining has joined BHP, Rio Tinto, Fortescue Metals Group, Newcrest Mining and Kirkland Lake Gold in donating towards Australia’s bushfire crisis. The company is donating $3 million; with $750,000 for each Queensland Rural Fire Service and New South Wales
India’s Environment Ministry Approves Ten Coal Mining Projects
January 14, 2020
India’s environment ministry has given approval to 10 coal mining projects that will have a total production capacity of 160 million tonnes per annum (Mtpa). The ministry has also cleared four coal washeries that will have a capacity to handle
Argosy Secures Approval for Rincon Lithium Project, Argentina
January 13, 2020
Australia-based Argosy Minerals said that the Government of Salta Province in Argentina, along with its regulatory bodies, has granted approval notice for the development of the next stage works at its Rincon lithium project. The approval has been given to
Rio Silver Acquires Palta Dorada Gold-Silver-Copper Project, Peru
January 13, 2020
Canada-based Rio Silver has acquired the Palta Dorada gold-silver-copper project, and has signed a Memorandum of Understanding (MOU) with Peruvian Metals to jointly develop the property. The Palta Dorada property is located in the Ancash mining department in Northern Peru,
Brazilian Mining Firm Vale to Divest Stake in Longyu for $152 Million
January 7, 2020
Brazilian mining company, Vale has agreed to sell its entire 25 percent stake in the Chinese company Henan Longyu Energy Resources to the Yongmei Group in a deal worth $152 million. Longyu is operated by Yongmei, which is a subsidiary
Rio Tinto Increases Donation to Australian Red Cross for Bushfire Relief and Recovery Efforts
January 3, 2020
Rio Tinto has donated a further A$750,000 to the Red Cross’ disaster relief and recovery efforts that are supporting people affected by Australia’s bushfire crisis. It adds to the A$250,000 Rio Tinto donated to the Red Cross in November, bringing
Gold Fields Receives Environmental Approval for Its Salares Norte Project, Chile
December 30, 2019
The Atacama Environmental Assessment Commission has approved the environmental impact study for Gold Fields Limited’s Salares Norte project in Chile. The environmental approval for the project is a crucial step for Gold Fields as it evaluates a construction decision. “The
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