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South32 Drops $700 Million Investment Plan in NSW Coal Project
August 24, 2022
South32 has abandoned a nearly $700 million investment plan to further develop a metallurgical coal mine in New South Wales (NSW), Australia, after recent studies showed that potential returns from the move will be inadequate. The company planned to make
Germany’s Uniper to Restart Heyden 4 Coal-fired Power Plant
August 23, 2022
German energy giant Uniper SE will restart a hard-coal-fired power plant to produce electricity for the market as Berlin races to secure energy supplies for the winter. Uniper said late Monday that the Heyden 4 hard-coal-fired power plant in Petershagen,
Rescue Efforts Delayed in Mexico Coal Mine as Water Levels Rise
August 16, 2022
Attempts to rescue ten men from a flooded mine in Mexico have been delayed after the water levels in three shafts rose suddenly on Sunday. The miners became trapped on August 3 when a wall in a tunnel collapsed and
Department of Mines Approves Vox Royalty’s Wonmunna Iron Ore Mine Expansion, Australia
August 10, 2022
Vox Royalty said the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) has approved an amended mining proposal to expand the annual production rate at the Wonmunna Iron Ore Mine operated by Mineral Resources Limited (MinRes). The proposal,
Mexico’s President Visits Site of Trapped Coal Miners as Rescue Efforts Intensify
August 9, 2022
Mexican President Andres Manuel Lopez Obrador called Sunday for intensified efforts to save ten workers trapped in a flooded coal mine, during a visit to see firsthand the rescue operation. Relatives of the missing were becoming increasingly desperate four days
Lucapa Uncovers Largest Pink Diamond at Its Lulo Mine, Angola
July 29, 2022
Miners in the African country of Angola have discovered what is thought to be the biggest pink diamond in 300 years. Named Lulo Rose, the big pink gemstone of 170 carats was found in the Lulo diamond mine, according to
Australian Metal Mining Services Company MACA Accepts Thiess’ $243 Million Takeover Bid
July 28, 2022
MACA, an Australian metal mining services company, has agreed to a takeover bid of A$350 million ($243.1 million) from rival mining contractor Thiess. The parties have entered into a bid implementation deed in this regard. As per the details of
Pensana Begins Construction on $195 Million Saltend Rare Earth Processing Hub, England
July 28, 2022
Pensana, a UK-based rare earths developer, has started construction of its $195 million Saltend rare earth processing hub in Hull, England. Located in the Humber Freeport in East Yorkshire, the refinery will produce critical components for electric vehicle and offshore
Cobalt Blue Holdings Commissions Demonstration Plant at Broken Hill Cobalt Project, Australia
July 26, 2022
In 2021, Cobalt Blue Holdings (COB) successfully built and operated a smaller-scale pilot plant. This facility has now been upgraded over the last six months to increase capacity and includes all processing unit operations to treat ore to produce MHP
Gold Fields to Acquire Canadian Gold Producer Yamana for $6.7 Billion
July 25, 2022
South African gold miner Gold Fields has agreed to acquire Canadian gold producer Yamana Gold in an all-stock deal worth $6.7 billion. The deal is expected to create a top-4 global gold major that will have a diversified portfolio of
