Archives: Mineral commodities

Saudi Arabia is using its investment power to create a more diverse and sustainable economy through its Vision 2030 initiative. This includes transforming Saudi Arabia into a leading industrial powerhouse and a global logistics hub, by maximising the value of its mining and energy sectors while unlocking the full potential of local content and the[…]

On January 30, Zijin Mining released its revised Three-Year (2023-2025) Plan and 2030 Development Goals. Among others, highlighted targets include building a largely complete global operation and management model and striving to catch up with first-rate international metal miners by 2025; and pushing up performance across the board to the top tier of the global mining industry by[…]

As of January 24, 2023 Marubeni Corporation has become a partner of the Copper Mark, it says to support the vision and goals of this framework and it will also encourage its own suppliers to participate in the Copper Mark Assurance Processes. The Copper Mark, founded by the International Copper Association (ICA), is a comprehensive,[…]

General Motors Co and Lithium Americas Corp have announced they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world. Under the agreement, GM will make a $650 million equity investment in Lithium Americas, which[…]

A Komatsu Joy 7LS5 shearer recently began production at Arch Resources’ West Elk thermal coal mine in Colorado, making it the sixth operating Joy 7LS5 shearer in the US. Komatsu states: “The reliable 7LS5 model shearer was introduced in 1999 to Peabody Energy Shoal Creek mine as a solution in mid-to-high seams in some of[…]

Compania Minera Sierra Gorda SCM (KGHM 55%; South32 45%) has announced that it has started to operate from this month with 100% renewable energy. This achievement is part of the company’s sustainability objectives and represents the removal of the emission of around 1 Mt of CO2 per year. The presentation of this important news took[…]

FLSmidth’s Capital Markets Day on January 18, 2023 marked the culmination of a major portfolio review that really ramped up on the completion of its acquisition of thyssenkrupp’s mining business on September 1, 2022. But the overall change at FLSmidth also runs much deeper – Group CEO Mikko Keto also said during the CMD event[…]

Swedish iron ore miner LKAB says it has identified significant deposits of rare earth elements in the Kiruna area, metals which are essential for, among other applications, the manufacture of electric vehicles and wind turbines. Following successful exploration, the company reports mineral resources of rare earth metals exceeding 1 Mt of rare earth oxides making[…]

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[…]

Civmec has secured the award of a major contract worth more than A$330 million for the Rio Tinto Western Range Project at their Paraburdoo iron ore site in the Pilbara region of Western Australia. The iron ore project includes greenfields and brownfields scope with the construction of a new Run of Mine (ROM) pad, primary[…]