Archives: Mine operation news

Newmont has agreed to sell its Kalgoorlie power business to Australia’s Northern Star Resources Ltd in a deal that could see the leading gold miner pocket $95 million of cash. The deal follows the January 2020 sale of Newmont’s 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM). Of the $95 million in cash, $25 million[…]

Monadelphous Group Limited says it has secured new contracts and contract extensions in the resources sector totalling approximately A$110 million ($80.1 million). The company has secured a 12-month extension to its existing contract with BHP Iron Ore for the provision of general maintenance services for shutdowns, outages and minor capital works at the Mt Whaleback,[…]

Following the completion of a competitive tender process, Wagners says it has secured a new haulage services contract with McArthur River Mining Pty Ltd (MRM), a subsidiary of Glencore, for the haulage of zinc and lead concentrate from McArthur River Mine, in Queensland, Australia, to the Bing Bong Loading Facility and the Mount Isa Mines[…]

Metso Outotec has signed an agreement for the delivery of key equipment for the expansion of an existing production line at the Ferrexpo Poltava Mining iron ore grate-kiln pellet plant, in Ukraine. The value of the equipment is €18 million ($20 million), and it has been booked in the company’s Metals Q4/2021 orders received, the[…]

Babylon Pump & Power Ltd says its Babylon Operations Pty Ltd subsidiary has secured a contract for the supply of offsite repair services with a branch of Rio Tinto. The contract, with Rio Tinto Services Ltd, does not provide any commitment or guarantee of revenue, but the Babylon board has deemed this contract to be[…]

Golding Contractors Pty Ltd has signed a contract with Aberdare Collieries Pty Ltd, a subsidiary of CS Energy Pty Ltd (CS Energy), to extend the current Contract Mining Agreement (CMA) at the Kogan Creek Mine in Queensland, Australia, to beyond June 30, 2022. Under the terms of the CMA, the term is extended four years[…]

IGO Limited looks set to test VSUN Energy’s vanadium redox flow battery (VRFB) energy storage technology in a standalone power system (SPS) application at its Nova nickel operation in Western Australia. An SPS supplies power independently to the electricity grid and typically comprises a combination of solar, wind, battery and backup generation from diesel or[…]

Newmont has announced a strategic alliance with Caterpillar Inc to deliver a fully connected, automated, zero carbon emitting, end-to-end mining system that will see the introduction of first-of-a-kind battery-electric haulage technology and automation at the gold miner’s Cripple Creek and Victor and Tanami mines in the USA and Australia, respectively. The announcement comes a day[…]

Among the options for decarbonising mobile mining equipment, Newmont’s primary focus is on the use of battery-electric power, Dean Gehring, Executive Vice President and Chief Technology Officer, told the Energy and Mines Virtual World Congress today. Gehring, after presenting ‘Toward Net Zero Mining: The Strategy Behind Our Climate Targets’, admitted that the biggest challenge the[…]

Newcrest Mining Ltd has entered into an agreement to acquire all the issued and outstanding common shares of Pretium Resources that it does not already own by way of a Canadian Plan of Arrangement. The Pretivm Board of Directors has unanimously recommended that shareholders vote in favour of the transaction, which valued Pretivm equity at[…]