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Galiano Gold to Acquire Gold Fields Stake in Asanko Mine for $170 Million, Ghana
January 4, 2024
Galiano Gold has entered into a binding share purchase agreement (SPA) with subsidiaries of Gold Fields Limited to acquire Gold Fields’ 45 percent interest in the Asanko Gold Mine (AGM). The two companies currently hold 45 percent stake each in
Orano Mining to Establish Mongolia’s First Uranium Mining and Processing Venture
January 3, 2024
Mongolia’s exports are 90 percent dependent on natural resource extraction. In October 2023, during a state visit to France, Mongolian President Ukhnaa Khurelsukh signed a landmark agreement that paved the way for a US$1.7 billion investment by French government-owned Orano
Epiroc Launches New Digital Solutions for Surface Mining
December 29, 2023
Epiroc said it is expanding its digital solutions in the surface mining industry. The launch for surface mines includes the new release for safe blasting, Blast Support. The offering entails a new release of Situational Awareness, which has a new
ServiceNow to Acquire UltimateSuite to Enhance Process Mining and Intelligent Automation
December 28, 2023
ServiceNow has signed an agreement to acquire task mining company UltimateSuite to enhance process mining and intelligent automation across the Now Platform. Through this acquisition, ServiceNow continues to bolster its automation and artificial intelligence (AI) capabilities to help customers identify
U.S. Claims Huge Chunk of Seabed Amid Strategic Push for Resources
December 27, 2023
The U.S. extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safeguard supplies of minerals key to future
Dundee Precious Metals to Acquire Osino Resources for $214 Million
December 21, 2023
Canada-based gold mining company Dundee Precious Metals (DPM) has agreed to acquire gold exploration and development company Osino Resources for $214 million (C$287 million). The acquisition includes Osino’s advanced-stage, multi-million-ounce Twin Hills open-pit gold project, along with an extensive exploration
Australia Expands List of Critical Minerals Key to Energy Transition
December 21, 2023
Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The government added fluorine, molybdenum, arsenic, selenium, and tellurium to the list of
Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Peabody’s North Goonyella Mine Renamed Centurion Mine
December 19, 2023
Peabody said its North Goonyella Mine will now be known as the Centurion Mine. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit adjacent to the existing North Goonyella Mine. The
WA Government Approves Alcoa’s Five-year Plan for Its Bauxite Mining and Downstream Alumina Refining
December 19, 2023
Alcoa Corporation said the Western Australian (WA) Government will allow the company to continue bauxite mining and downstream alumina refining in the state, while also pledging to enhance the way it operates to meet evolving requirements and expectations. The government
