Archives: Base metals

Mineral processing solutions major Metso has taken the innovative step of installing its own solar panels to self-supply its electricity consumption for its facilities within Codelco’s Gabriela Mistral copper mine, commonly known as Gaby. The mine is an example of innovation and sustainability for Chilean mining. The Codelco division located in the Sierra Gorda region, at[…]

Excelsior Mining Corp has entered into an Option Agreement with Nuton LLC, a Rio Tinto venture, to further evaluate the use of its Nuton copper heap leaching technologies at Excelsior’s Johnson Camp mine in Cochise County, Arizona. Under the agreement, Excelsior remains the operator and Nuton funds Excelsior’s costs associated with a two-stage work program[…]

The findings of studies led by Anglo American in Chile and Peru it says have identified the top locations for green hydrogen development. In Chile, the study, which began in April of this year, was carried out in collaboration with the Hydrogen Technologies Unit of the Catholic University of Chile. Its findings suggest that the[…]

The Weir Group has issued its half-year results to June 30, 2023, noting some significant achievements across its Minerals and ESCO divisions. Headline numbers for the six-month period included a 19% year-on-year jump in revenues to £1.3 billion ($1.67 billion) and a 26% rise in operating profit to £212 million. Weir Minerals continued to execute[…]

Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A., as well as enter a joint venture with Corporación Nacional del Cobre de Chile (Codelco) to explore and potentially develop the exploration tenements in Chile’s Atacama region that are held under this company. Under the agreement, Rio Tinto will[…]

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[…]

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[…]

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 China, longwall shearers have successfully been applied in bauxite mines and are operating well. This is the world’s first underground bauxite mining technique using this type of comprehensive mechanised mining technology. The key equipment supplier, China Coal Technology and Engineering Group Corporation (CCTEG), says it transforms coal mining machines into bauxite mining machines for extraction,[…]

DMC Mining Services says it has added a Boart Longyear LF™160 surface coring drill rig to its equipment arsenal at the Sierra Gorda copper-molybdenum mine in Chile, adding to the four pieces of equipment it already has on site. The LF™160 is a surface diamond exploration rig with up to 1,800 m of NQ capability.[…]