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Vale last week signed a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund, under which Manara Minerals will invest in Vale Base Metals Ltd (VBM), the holding entity for Vale’s energy transition metals business, at an implied enterprise value of US$26 billion. Concurrently, Vale and investment firm Engine[…]

Power Mech Projects Ltd (PMPL), one of the leading industrial services and construction companies providing versatile and comprehensive services in India’s power and infrastructure sector, has been awarded a huge Mine Development & Operation (MOO) contract for the Tasra open cast coking coal project located in the Jharia Coal Fields in Ohanbad, Jharkhand state. The[…]

Rössing Uranium in June 2023 released its 2022 Sustainability and Performance Report. Managing Director Johan Coetzee said the year was a busy one, with a major focus being on finalising the Life-of-Mine Extension (LoME) feasibility study which led to a positive investment decision in February 2023. Phase 4 of the Rössing Uranium mine near Swakopmund in[…]

Glencore International AG and Pan American Silver Corp have reached an agreement for Glencore to acquire the 56.25% stake in the MARA project from Pan American. Under the terms of the agreement, Glencore will pay $475 million in cash upon closing and grant Pan American a copper Net Smelter Return (NSR) royalty of 0.75%. The project[…]

This month’s Spotlight Feature Article looks at ground support, a vital part of the underground market that continues to evolve with the increasing uptake of teleremote and automated bolting and shotcreting, and the incorporation of new battery-electric tramming options.

Ore characterisation company Plotlogic and its proprietary OreSense® technology have been given a boost with the latest $28 million funding round, supported by US- and Australia-based venture capital climate and sustainability firms. In the five years since its inception, Plotlogic has become a leader in ore characterisation. Its OreSense technology is helping customers, including BHP,[…]

With well over 100 units already delivered, SEW-EURODRIVE in South Africa is set to continue supplying Ivanhoe Mines’ Kamoa-Kakula copper complex in the Democratic Republic of Congo, a joint venture with Zijin Mining of China, with a wide range of its X.e-series power packs, the company says. According to Willem Strydom, Business Development at SEW-EURODRIVE,[…]

In a milestone that will help to revolutionise mining training and safety practices in Southern Africa, Sandvik Mining and Rock Solutions has provided its state-of-the-art digital trainers to leading mining contractor Redpath Mining South Africa. “Our digital trainers offer a range of advantages that are set to transform the way mining personnel acquire skills and[…]

ABB is celebrating the 10th anniversary since it reacquired ownership of a key gearless mill drive (GMD) system business in Spain on July 30, 2013, which combined the leading ring motor product from Alstom with ABB’s electrical offering for GMD systems. The technology leader marks the milestone with record output in the last calendar year and a[…]

Mining in Latin America is a large scale, well established activity, Atmos International Sales Engineer, Rodrigo Salgado, writes. Latin America accounts for 50% of the world’s silver production, 40% of the global production of copper and 35% of the world’s lithium.¹ With the region holding a significant share in the production and reserves of the[…]