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Inalum Finalizes $3.85 Billion Deal to Acquire Majority Stake in Grasberg Mine, Papua
December 28, 2018
Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Persero) (PT Inalum) has closed the $3.85bn transaction to become a majority stakeholder in the Grasberg gold and copper mine located in the province of Papua. Under the transaction, Inalum will now own
Westgold to Acquire Doray’s Andy Well and Gnaweeda Gold Projects, Western Australia
December 28, 2018
Gold and copper exploration and production firm Doray Minerals has reached an agreement to sell its Andy Well and Gnaweeda gold projects in Western Australia to Westgold Resources. Gold and copper exploration and production firm Doray Minerals has reached an
Bechtel Opens Bechtel Mining & Metals Innovation Center in Chile
December 28, 2018
Bechtel has opened the Bechtel Mining & Metals Innovation Center in Chile, its first in Latin America aimed at delivering technologies that reduces costs, water and power consumption, and enhance safety. The global engineering, construction, and project management company Bechtel
13 Fatalities in Methane Explosion at CSM’s Coal Mine, Czech Republic
December 27, 2018
A methane gas explosion in a coal mine in the northeast of the Czech Republic has killed 13 miners, the mining company said on Friday. OKD, the company that operates the CSM mine near the city of Karvina, said 11
Criminal Probe Opened in Uralkali’s Potash Mine Fire that Killed Nine, Russia
December 27, 2018
Rescue teams on Sunday found the bodies of nine construction workers who were trapped inside a burning potash mine in Russia’s Ural Mountains, while Russian officials opened a criminal investigation of the accident. A fire erupted Saturday at the mine
Mitsubishi to Sell Its Stake in Two Australian Coal Mines for $540 Million
December 20, 2018
Mitsubishi has agreed to offload its stakes in two operating thermal coal mines in Australia to GS Coal and Glencore in two separate deals for a total of A$750m ($539.6m). The coal mines in which Mitsubishi will divest stakes are
OceanaGold Secures Preliminary Approval for Waihi Mine Life Extension, New Zealand
December 20, 2018
OceanaGold has secured a preliminary approval from the regulators for the extension of mine life of Waihi in New Zealand. The company said that an independent panel of commissioners appointed by the Hauraki District Council and the Waikato Regional Council
Albemarle to Acquire Stake in Wodgina Lithium Project for $1.1 Billion, Australia
December 20, 2018
Albemarle has finalized an agreement to acquire 50 percent in the Wodgina hard rock lithium project in Western Australia for $1.15bn. Under the terms of the agreement, the two companies have formed a joint venture to own and operate the
Fortescue Begins Shipment of West Pilbara Fines Iron Ore to China
December 20, 2018
Fortescue Metals Group has announced that maiden shipment of new 60.1% iron content product West Pilbara Fines, has left Herb Elliott Port in Port Hedland bound for Hunan Valin Steel in China. Fortescue will produce 5 – 10 million tonnes
Powerscreen Names Cimertex as Full Line Distributor in Portugal
December 20, 2018
US crushing and screening company Powerscreen has chosen Cimertex to stock and support its equipment across Portugal as its full line distributor. Cimertex was established in 1964 in Porto with the stated ambition of selling industrial goods and providing services
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