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Hudbay and Unions Sign LOI for Labor Agreement to Construct Copper World Mine, Arizona
June 14, 2024
Copper World jointly announced the signing and acceptance of a letter of intent with several unions, including The International Brotherhood of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627; The Laborers International Union of North America Local 1184; and
B2Gold and Sandbox Royalties Partner to Form New JV Versamet Royalties in $90 Million Deal
June 14, 2024
B2Gold has entered into a purchase and sale agreement to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp. In connection with the transaction, Sandbox has been renamed Versamet Royalties. “This strategic partnership provides B2Gold
Sandvik Electrifies Its Largest Intelligent Rotary Blasthole Drill with the Electric DR416iE
June 14, 2024
Sandvik Mining and Rock Solutions has introduced the electric Sandvik DR416iE, the next generation i-series rotary blasthole drill based upon the popular Sandvik DR416i. Sandvik DR416iE joins Sandvik DR410iE, Sandvik DR412iE and Sandvik DR413iE as the fourth and largest electrified
Critical Metals to Acquires Controlling Stake in Tanbreez Rare Earth Mine for $211M, Greenland
June 14, 2024
Critical Metals has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd., a company controlled by geologist Gregory Barnes. “Tanbreez is a game-changing rare earth mine for
Mexico Finds Remains of Some of the 63 Miners Who Died 18 Years Ago at the Pasta de Conchos Mine
June 14, 2024
Mexican authorities announced Wednesday that they found the remains of some of the 63 miners who were trapped 18 years ago in a coal mine in northern Mexico. The accident occurred at the Pasta de Conchos Mine in the state
Alaska’s Lake Clark National Park Considers Easements that Could Spur Mining
June 13, 2024
The National Park Service said Monday it will evaluate two proposed easements across a portion of Lake Clark National Park that an Alaska Native corporation has requested as step toward converting an exploratory mineral prospect into an operating mine. The
Nevada Copper Files for Chapter 11 Bankruptcy Protection, Appoints Tom Albanese as Chairman
June 13, 2024
Nevada Copper and its subsidiaries have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada. The company has been in discussions with its key stakeholders
U.S.-Saudi Petrodollar Pact Ends After 50 Years
June 13, 2024
The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its
IEA Report: Global Spending on Clean Energy Technologies, Infrastructure to Hit $2 Trillion in 2024
June 13, 2024
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is
MSHA Issues Safety Alert for Mobile Equipment
June 13, 2024
Spurred by the deaths of six miners who were struck by mobile equipment in underground production areas, the Mine Safety and Health Administration has issued a safety alert. The agency details four of the incidents, including one in which two
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