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Rio Tinto Reaches $138.75 Million Settlement Over Mongolian Mine
June 19, 2025
Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A
President Trump Approves Historic Partnership Between U. S. Steel and Nippon Steel
June 17, 2025
United States Steel Corporation and Nippon Steel Corporation said President Trump has approved the companies’ historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs. On May 30, 2025, the
South32 Plans CEO Transition, Matthew Daley Named New CEO
June 17, 2025
South32 Limited said Matthew Daley will join the company as deputy chief executive officer on February 2, 2026 and will assume the role of chief executive officer when Graham Kerr steps down from the role later in 2026. Matthew Daley
Critical Metals Corp. Secures $120M LOI from EXIM for Its Tanbreez Rare Earth Project, Greenland
June 16, 2025
Critical Metals Corp. said it has received a letter of interest from the Export-Import Bank of the United States (EXIM), for a total non-dilutive funding package of $120 million. This funding package from the U.S’s official export credit agency is
World’s Largest Iron Ore Mine Discovered, $6 Trillion Find Could Boost Australia’s Global Position
June 9, 2025
Western Australia has become the center of global mining attention after discovering the world’s largest known iron ore reserve. The find, estimated at 55 billion metric tons, is located in the Hamersley region and carries a market value of approximately
Ceibo Successfully Launches Copper Production at Compañía Minera San Gerónimo, Chile
June 4, 2025
Ceibo, a company reinventing copper production and CMSG, a Chilean copper producer, has successfully launched the demo plant using Ceibo’s proprietary sulfide leaching technology. Located at CMSG’s mine in Northern Chile, the on-site facility has delivered its first copper cathodes,
Aura Minerals to Acquire AngloGold Ashanti’s Mineração Serra Grande Gold Mine, Brazil
June 3, 2025
Aura Minerals has entered into a share purchase agreement (SPA) where Auro will acquire from AngloGold all of the issued and outstanding securities of Mineração Serra Grande S.A. (MSG), owner of the Mineração Serra Grande Gold Mine located in Crixás,
Danish-French Consortium Secures Greenland Mining Permit Amid U.S. Interest
May 29, 2025
Greenland has issued a 30-year mining permit to a Danish-French consortium for the extraction of anorthosite, a white rock with potential applications in low-carbon aluminium production. The move follows sustained international interest in the Arctic territory, including a renewed spotlight
Sibanye-Stillwater Rescues All 260 Miners Underground Following Shaft Incident, South Africa
May 28, 2025
Sibanye-Stillwater has confirmed that all 260 employees have safely returned to surface following the shaft incident at Kloof 7 Mine in South Africa. The company said at no point was there any risk of injury to employees during the incident,
Harmony Gold to Acquire Australia-based Mac Copper in $1 Billion Deal
May 27, 2025
Harmony Gold has entered into a binding agreement to acquire MAC Copper Limited at a price of $12.25 per MAC share in cash. The transaction implies a total equity value for MAC of $1.03 billion. MAC has a 100 percent
