Archives: Mining finance

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[…]

Having convinced iron ore miner Roy Hill to move ahead with plans to create the world’s largest autonomous mine, Epiroc and ASI – which the OEM owns 34% of – are ready to take on new equipment-agnostic automation opportunities, Helena Hedblom says. Speaking after the company’s December quarter and 2022 results were released, Hedblom, President[…]

Greening Canada’s mining sector is a crucial part of the country’s transition toward a low-carbon economy. That is why the Government of Canada says it is “making investments that will help build a greener future by supporting advancements in sustainable mining practices, while creating well-paying jobs that will support global demand for Canada’s critical minerals.”[…]

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[…]

RPMGlobal’s software & technology solutions span the whole mining industry from exploration to closure. But two areas – ESG and zero emissions mining fleets – are very topical at the moment and very much in its wheelhouse. IM Editorial Director, Paul Moore, had the chance to talk in-depth with the company at IMARC 2022. Starting[…]

BHP Xplor, an accelerator program introduced by BHP in August 2022, has announced its first cohort of seven companies focused on discovering the copper, nickel and other critical minerals needed to support the energy transition. These seven have been selected out of hundreds of applications received from all around the world, BHP said, adding that[…]

Law firm Watson Farley & Williams (WFW) is advising the Republic of Guinea on the $15 billion Simandou iron ore project, which it cites as the world’s largest mining and related rail and port infrastructure project today, and recently reviewed its role and the progress made to date. The Simandou project involves the exploitation of[…]

The 2023 Future Minerals Forum will take place in Riyadh, Saudi Arabia from 10-12 January, including a Ministerial Roundtable, followed by the Forum and Exhibition itself. The International Council on Mining and Metals (ICMM) President & CEO Rohitesh Dhawan spoke and participated at the first Forum in 2022 and will do so again at this[…]

Mining location technology company GeoMoby has secured A$3 million ($2.03 million) to fund the further rollout of its technology to the global mining industry. The money will be allocated towards expanding its sales and business development team, as well as adding to a strong team of staff focused on technology development. The funds have been[…]

MineSense Technologies Ltd says it has closed a $42 million Series E financing led by J.P. Morgan Asset Management’s Sustainable Growth Equity team that, it says, will allow it to accelerate the commercial deployment of its solutions to drive further growth and profitability. The funding round includes participation from new investor Evok Innovations, a climate[…]