Archives: Mineral project development

While the situation for some of the major miners in Peru remains challenging, Grupo Mexico-owned Southern Copper Corporation (SCC) has so far avoided being affected at its key operations there, namely Toquepala, Tia Maria, Los Chancas and Michiquillay. SCC’s current capital investment program for this decade exceeds $15 billion and includes investments in the Buenavista[…]

Nordic Iron Ore has entered an engineering agreement with VB Elnät to determine the required measures for connecting its Blötberget project in Sweden to the electric grid. In order to re-start mining activity in Blötberget, Nordic Iron Ore needs access to a maximum capacity of 20 MW. The company has previously signed a letter of[…]

The initial mining fleet has arrived at Fortuna Silver Mines’ Séguéla gold project in Côte d’Ivoire, ahead of planned commissioning in the June quarter, the company has confirmed. The overall project is approximately 90% complete as of the end of January and remains on-track and on-budget for first gold pour in mid-2023, the company said.[…]

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[…]

Atlas Iron says it has awarded the major haulage, mine load and haul as well as drill and blast contracts for its McPhee project in Western Australia, bringing the iron ore project one step closer to construction and commissioning. With these contracts, the total number of major contracts awarded for the project is over 50%,[…]

Barrick’s North Mara gold mine is located in north-west Tanzania in the Tarime district of the Mara region. It is around 100 km east of Lake Victoria and 20 km south of the Kenyan border. North Mara started commercial production in 2002. The mine is a combined open pit and underground operation from two deposits,[…]

With the shareholder vote on BHP’s proposed acquisition of copper and gold mining group OZ Minerals expected to be held in early April 2023, and with OZ Minerals Directors unanimously recommending shareholders vote in favour, it is a good time to review the miner’s progress in 2022 and plans for 2023 across its main mining[…]

The Newcrest Mining Board has approved the Lihir Phase 14A feasibility study, endorsing the Papua New Guinea project into full implementation. As part of the study, site investigation and trial works have been completed and a plan has been developed which extends the Phase 14 cutback and safely steepens the walls of the pit using[…]

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[…]

Diemme Filtration’s GHT5000F Domino, the largest filter press in the world, is finally in operation. IM can reveal that the unit is running at the Toquepala copper mine in Peru, which is operated by Southern Copper Corporation (SCC), a majority owned subsidiary of Grupo Mexico. The unit first arrived in Peru in the summer of[…]