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BHP Group Orders Wabtec’s FLXdrive Battery Locomotives
January 19, 2022
Wabtec Corporation has received an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives. The deal builds momentum in the market for the world’s first 100-percent, battery-powered locomotive and supports the Australia-based natural resource company’s plan
Glencore Completes Acquisition of Cerrejón Coal Mine, Colombia
January 13, 2022
Diversified natural resource company Glencore has completed the acquisition of 66.6 percent interest from joint venture partners Anglo American and BHP in Cerrejón coal mine in Colombia. Anglo American and BHP each held a 33.3 percent stake in the thermal
The Metals Company Completes Latest Deep-Sea Research Sampling Campaign
January 12, 2022
The Metals Company has completed its latest offshore research campaign, Environmental Expedition 5E, a targeted sampling campaign of both benthic and pelagic fauna with wider investigations to characterize ecosystem function on the abyssal seafloor. The completion of the six-week expedition
BHP Invests $50 Million in Development-ready Kabanga Nickel Mine, Tanzania
January 11, 2022
Australia-based BHP has announced an investment of $50 million in a development-ready nickel sulphide deposit in western Tanzania. The company will invest $40 million to speed up the development of the Kabanga Nickel project to produce battery-grade nickel, cobalt and
Rio Tinto Orders Wabtec FLXdrive Battery Locomotives to Reduce Emissions
January 11, 2022
Wabtec Corporation and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100 percent, battery-powered locomotive will help Rio Tinto’s
China Merges Three State-owned Rare Earth Companies
January 4, 2022
The Chinese government has merged three of its state-owned rare earth producers to form a new entity named China Rare Earth Group. The new company has been created by combining rare-earth units of state-owned companies, including China Minmetals, Aluminum Corp
Vulcan Minerals to Acquire Vale’s Coal Assets in Mozambique for $270 Million
January 4, 2022
Vulcan Minerals, a subsidiary of India-based Jindal Group, has agreed to acquire Moatize coal mine in Mozambique and the Nacala logistics corridor from Vale in a deal valued up to $270 million. Under the deal, Vale will receive $80 million
Rio Tinto to Acquire Rincon Mining Lithium Project in Argentina for $825 Million
January 4, 2022
Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The acquisition demonstrates Rio
Univ. of Sydney Researchers Develop Low-Cost, Long-Range, High-Data Underground Mining WiFi Systems
December 20, 2021
In a boon for the mining industry and internet users everywhere, University of Sydney telecommunications researchers are developing a safe and cost-effective technology that could be a wireless internet game changer. They are developing an industrial long-range WiFi system that
Orica to Sell Its Minova Business to Aurelius Group for A$180 Million
December 14, 2021
Orica has entered into an agreement to sell its Minova business to Aurelius Group, a European based investment firm, for A$180 million, subject to transaction costs and customary completion adjustments. This announcement follows Orica’s announcement in May 2021 of its
