In its half yearly financial report for the six months ended June 30, 2023, copper mining major Antofagasta PLC gave some detailed insight into expansion plans for two of its flagship Chilean copper mines – Los Pelambres and Centinela. The Los Pelambres Expansion project is divided into two phases with Phase 1 expected to be[…]
Binding Solutions Ltd, a UK-based metals processing technology company has agreed a major US$17.5 million strategic investment from Mineral Resources Ltd, the leading Australian mining services company with a growing world-class portfolio of mining operations in iron ore and lithium. BSL says it will use the funds raised to progress the design and construction of[…]
Piedmont Lithium has announced this week the first commercial shipment of spodumene concentrate produced by North American Lithium (NAL), which is wholly owned by Sayona Quebec, a JV between Piedmont (25%) and Sayona Mining (75%). NAL made the initial 20,500 t shipment of spodumene concentrate via a trading company to international parties. Piedmont owns a[…]
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[…]
Polish underground coking coal miner JSW Group has announced that a new longwall has been launched at the KWK Borynia-Zofiówka-Bzie mine in the Bzie Section of the Bzie-Dębina 2-Zachód mining area. It is currently in the startup stage. The N-1 longwall will be mined in seam 416/3 until January 2024. The length of the longwall is[…]
Rio Tinto is investing in its Kennecott operation near Salt Lake City, Utah, to strengthen its supply of copper in the US by increasing production from underground mining and improving the health of key assets. $498 million of funding has been approved to deliver underground development and infrastructure for an area known as the North[…]
On 14 June 2023 FLSmidth and KOCH Solutions have signed an Asset Purchase & Transfer Agreement involving material handling technology that is part of the Non-Core Activities segment. As part of FLSmidth’s pure play Mining strategy focusing on core technologies and services, the Non-Core Activities segment was established in October 2022 with its activities and[…]
Rio Tinto says it will partner with Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region in an industry-first. This partnership will enable Gemco Rail to expand its existing operations to establish the first ever rail ore car manufacturing and maintenance facility in the Pilbara, creating new jobs,[…]
Solvay is celebrating the completion of a 20% capacity expansion at the company’s Mount Pleasant, Tennessee facility (US), originally announced in December 2021. It says this milestone reaffirms Solvay’s commitment to the mining industry and its efforts to respond to growing demand from mining operations for its ACORGA®, ACORGA® NR and ACORGA® OPT copper solvent[…]