Archives: Base metals

Barrick Gold Corporation has signed new joint venture agreements with Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas. These new prospective joint ventures significantly expand Barrick’s exploration footprint in Saudi Arabia, grow the Ma’aden Barrick partnership and open up potential synergies with the neighbouring Jabal Sayid[…]

Ivanhoe Electric Executive Chairman Robert Friedland, and President and Chief Executive Officer Taylor Melvin, have announced that the company has executed a binding Heads of Terms with Saudi Arabian Mining Company Ma’aden. The agreement sets out the binding framework for a strategic investment of $126.4 million by Ma’aden into the common stock of Ivanhoe Electric,[…]

Central Asia Metals has provided a Q4 and full year 2022 operations update for the Kounrad dump leach, solvent extraction and SX-EW copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.In 2022 summary there were zero lost time injuries (LTIs) at Kounrad and two LTIs at Sasa. There was record copper[…]

The Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC) produced 333,497 t of copper in concentrate in 2022, achieving the upper-end of the original 2022 production guidance range of 290,000 to 340,000 t. Kamoa-Kakula’s 2022 production achievement represents a year-over-year increase of 215%. The 2023 annual production guidance for Kamoa-Kakula is estimated at[…]

The evolution towards electricity supplies aligned with sustainable development commitments and significant savings are the main benefits of an agreement recently signed between Codelco and power generator AES Andes. The companies signed an agreement that will allow renewable energy to replace the current coal supply delivered by the generator to the mining company. The energy[…]

In continuous operation since 1857, Zinkgruvan is one of the oldest underground mines in Sweden. It is located close to the town of Askersund, in an area known for its mining tradition, 250 km southwest of Stockholm, and was acquired by the Canadian Lundin Mining Corp in 2004. Zinkgruvan comprises a well-organised underground structure of[…]

Metso Outotec says it has signed an agreement worth some €50 million ($53 million) for the supply of copper solvent extraction and electrowinning technology to North America. The company’s scope of delivery includes basic engineering, a technology package for the VSF® solvent extraction and electrowinning plants, as well as advisory services for mechanical installation and[…]

Asiamet Resources Limited says it has signed a Memorandum of Understanding (MoU) with BGRIMM Technology Group (BGRIMM) in relation to the engineering and procurement of the solvent extraction and electrowinning (SX-EW) plant for the BKM copper project processing facility in Indonesia. BGRIMM is a leading Chinese engineering, procurement and construction (EPC) group providing services to[…]

Kal Tire’s Mining Tire Group says its autonomous tyre inspection stations are providing significant benefits for Antofagasta Minerals at the Minera Centinela copper mine in Chile. Every week on site, 200 tyres are monitored by these stations. The company adds: “The Pitcrew AI thermal imaging and software captures the data, which reports into our proprietary[…]

Fluor Corp has announced that it has been selected by Hellas Gold Single Member SA, a wholly-owned subsidiary of Eldorado Gold Corp, to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece. Fluor booked its share of the $845 million project investment value[…]