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Anglo American to Sell Its Nickel Business to MMG in $500 Million Deal
February 20, 2025
Anglo American has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources, a wholly owned subsidiary of MMG Limited for a cash consideration of up to $500 million. The nickel business comprises two ferronickel operations
Ionic Rare Earths to Reduce REO Production CO2 Footprint by 30-50% Compared to Existing Producers
February 19, 2025
In a major economic and ESG win for Ionic Rare Earths Ltd, a preliminary life cycle assessment on subsidiary Ionic Technologies’ magnet recycling process has revealed substantial reductions in carbon emissions compared to existing primary rare earth sources. A 30-50
Rio Tinto Donates $476,000 to Queensland Flood Relief and Recovery Efforts
February 19, 2025
Rio Tinto has donated $476,000 (A$750,000) to support disaster relief efforts for those impacted by the widespread floods in North Queensland. The funds will support the work of key organizations, including the Queensland Royal Flying Doctors Service (RFDS) and the
Jennmar Acquires SSAB’s Expandable Rock Bolt Production Facility in Virsbo, Sweden
February 14, 2025
Jennmar, a FalconPoint Partners portfolio company, said it has acquired SSAB’s expandable rock bolt production facility in Virsbo, Sweden. This strategic acquisition strengthens Jennmar’s position as a key player in the global mining industry, broadening its product portfolio and establishing
South32 Gains Federal Approval to Extend Worsley Alumina Operations, Australia
February 12, 2025
Australian miner South32 said on Wednesday that it had received environmental approval from the federal government to extend the operational life of its Worsley Alumina facility in Western Australia. South32 owns 86 percent of Worsley Alumina, which began operations about
U.S. Coal Exports to India Expected to Rise Due to China Tariffs
February 12, 2025
The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last
Pembroke Secures $875 Million to Expand Olive Downs Coal Complex, Australia
February 12, 2025
Bowen Basin miner Pembroke Resources has raised about $875 million to refinance debt facilities and support the expansion of its Olive Downs Coal Complex. The finance comes in the form of senior secured bonds in the Nordic Corporate Bond Market,
Rio2 Commences Contruction of Its Fenix Gold Mine, Chile
February 10, 2025
Rio2 has officially commenced construction at its Fenix Gold Mine located in the Maricunga Gold Belt in Chile’s Atacama Region. The ceremony was attended by Chilean Minister of Mining Aurora Williams Baussa, Atacama Deputy Governor Mario Silva Álvarez, and Chilean
Gainwell Engineering Unveils India’s First Manufactured Room and Pillar Mining Equipment
February 6, 2025
Gainwell Engineering has delivered the first-ever domestically manufactured room and pillar mining equipment package to its esteemed customer Eastern Coalfields Limited, marking a significant milestone for the nation’s manufacturing and coal mining sector. This major achievement furthers India’s efforts to
Adani Lines Up $332 Million Debt Deal for Its Queensland Port in Litmus Test for Coal Financing
February 5, 2025
Adani, the Indian conglomerate which operates the vast Carmichael Coal Mine, is close to sealing a $332 million debt deal for its Queensland port in a litmus test of lenders’ appetite to work with fossil fuels. Adani’s Abbot Point terminal
