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Vale Creates $100 Million Venture Captial Arm to Support Disruptive Innovations in Mining
June 15, 2022
Vale has established a corporate venture capital (VC) arm for supporting start-ups focused on developing disruptive innovations to address challenges in the mining and metals sector. Dubbed as Vale Ventures, the venture capital arm has a starting budget of $100
Rio Tinto Delivers First Ore from Gudai-Darri Iron Ore Mine in Pilbara, Western Australia
June 15, 2022
Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its first greenfield mine in the Pilbara, Western Australia, in more than a decade. Gudai-Darri will help underpin future production of the company’s
Western Australia to Shut State-owned Coal Plants By 2030
June 15, 2022
The Western Australian government will shut its last coal-fired power unit before the end of the decade and spend an extra half a billion dollars to foster new jobs for displayed workers, the state government said. Later this year, the
Countries Mull Delaying New EU Carbon Market in Search of Climate Deal
June 15, 2022
European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
Rio Tinto and Salzgitter Sign MOU to Study Rio Tinto’s Iron Ore in Green Steelmaking
June 13, 2022
Rio Tinto and the Salzgitter Group have signed a memorandum of understanding (MOU) to work together towards carbon-free steelmaking by studying optimization of Rio Tinto’s high-quality Canadian and Australian iron ore products for use in Salzgitter’s SALCOS green steel project
Anglo American Agrees to $100M Sustainability-linked Loan with International Finance Corporation
June 9, 2022
Anglo American has signed a $100 million 10-year loan agreement with the International Finance Corporation (IFC) linked to the delivery of sustainability goals that are integral to Anglo American’s Sustainable Mining Plan. This sustainability-linked loan is IFC’s first in the
Rio Tinto’s Female Recruitment Drive Attracts More than 3000 Applicants
June 9, 2022
More than 3000 women across Australia and New Zealand have applied for roles with Rio Tinto, following the launch of recruitment campaigns targeting women who had not previously worked in the mining industry. In Western Australia, the Transferable Pathways campaign,
B2Gold to Acquire Oklo Resources for $64 Million
June 3, 2022
Canadian mining company B2Gold has entered into a binding scheme implementation deed (SID) to acquire Australia-based Oklo Resources in a deal worth A$90 million ($64 million). Under the terms of the SID, B2Gold will acquire all the outstanding shares of
Sayona Mining Raises $136 Million to Restart Authier Lithium Project in Quebec, Canada
June 2, 2022
Sayona Mining has raised A$190 million ($136.6 million) through an institutional placement to primarily fund the restart of its North American Lithium (NAL) operation in Québec, Canada. The Australian company will also use the proceeds to support its growth strategy.
Bendito Resources to Acquire Azure Minerals’ Mexican Assets for $14.3 Million
June 2, 2022
Azure Minerals has agreed to sell its subsidiaries that own and operate its Mexican precious and base metals projects to Bendito Resources in a transaction valued at A$20 million ($14.3 million). Under the terms of the deal, Azure Minerals will
