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Austin Engineering to Acquire Mining Equipment Company Mainetec for $19.6 Million
September 9, 2022
Austin Engineering Limited has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years
Rio Tinto and Techgen Metals Team Up to Develop Harbutt Range Project, Australia
September 7, 2022
Rio Tinto, through its wholly-owned subsidiary Rio Tinto Exploration, has signed a binding term sheet with TechGen Metals, to farm-in to the latter’s Harbutt Range project. As per the binding term sheet, Rio Tinto Exploration may own 80 percent of
Mexico Abandons Hope to Rescue Miners as Authorities Plan to Recover Bodies
September 6, 2022
Mexican authorities on Monday outlined an 11-month plan to search for and recover the bodies of 10 coal miners trapped underground a month ago, a quiet admission that they are giving up on ambitions of rescuing the men alive. The
Happy Labor Day!
September 2, 2022
Labor Day, the first Monday in September, is a creation of the labor movement and according to the U.S. Department of Labor “is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to
Shanta Gold Says Singida Mine 70% Complete, First Gold Early Next Year, Tanzania
August 31, 2022
Shanta Gold Limited’s Singida gold mine in Tanzania is on track for first production early in 2023 with 70 percent of the construction work now complete. “We are delighted with the great progress being made at Singida, with construction on
Steppe Gold Advancing Phase 2 Expansion at ATO Mine, New Crusher Nearing Completion, Mongolia
August 31, 2022
Steppe Gold Limited has revealed it is going full pelt with its Phase 2 expansion plan at the ATO gold mine in Mongolia after receiving a landmark power agreement and a new fixed crusher, which is expected to be completed
Epiroc to Acquire South African Mining Equipment Manufacturer, AARD Mining Equipment
August 30, 2022
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer. AARD, based near Johannesburg, South Africa, designs, manufactures, services, and supports a
Queensland Resources Minister Approves Expansion of New Hope’s Mothballed Acland Coal Mine
August 26, 2022
A mothballed thermal coalmine on some of Australia’s richest agricultural soil is preparing to revive operations after taking a major step towards gaining final government approval. Queensland’s resources minister, Scott Stewart, announced the expansion of New Acland Coal Mine in
Strata Worldwide Acquisition Boosts Its Safety and Proximity Detection Portfolio
August 25, 2022
Strata Products Worldwide LLC, a global leader in industrial communication and safety products has acquired the assets and intellectual property rights to Bright Path AI (BPAI) and its innovative artificial intelligence (AI) cameras developed by Boral Limited and Firetail Pty
Neo Performance Materials to Acquire Sarfartoq Rare Earth Element Project for $3.5M, Greenland
August 24, 2022
Hudson Resources, Inc. and Neo Performance Materials Inc. have executed a binding agreement where Neo will acquire from Hudson an exploration license covering the Sarfartoq Carbonatite Complex in southwest Greenland. The project hosts a mineral deposit that is enriched in
