Archives: Mining finance

A new Cooperative Research Centre focused on integrating green energy sources such as hydrogen, ammonia and solar into high-heat and high-emission manufacturing processes for products like steel, aluminium and cement has won Australia government backing. The Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC), to be led by the University of Adelaide, has been[…]

Anglo American looks set to complete its exit from thermal coal, having agreed to sell its 33.3% interest in the Cerrejón joint venture, in Colombia, to Glencore for around $294 million. Glencore and BHP currently each also hold a 33.3% interest in Cerrejón, with Glencore intending to acquire both Anglo American’s and BHP’s interests for[…]

Sber and Eurasian Resources Group (ERG) have signed a Memorandum of Intent to cooperate on developing environmental, social and governance (ESG) standards, including green financing instruments, for the metals and mining industry. The document was signed by Andrey Shemetov, Senior Vice President and Head of SberCIB, and Benedikt Sobotka, Chief Executive Officer of Eurasian Resources[…]

Epiroc recently announced the conclusion of the acquisition of the software company, MineRP and has followed up with some commentary on previous collaboration, synergies and plans for the future. “The acquisition is a perfect fit due to the synergies between the two companies,” says Integration Manager, M&A, Technology & Digital Division, at Epiroc, Kumeshan Naidu,[…]

METS Ignited Collaborative Project Funds recipient Emapper has recently brought together industry partners, customers, service providers and supporters to celebrate the completion of its environmental site monitoring project in Australia. Emapper and collaborative partners developed a multi-scale and multi-source environmental data platform to monitor, manage and reduce mining’s footprint and extend the global capability of[…]

Jetti Resources’ plan to rapidly rollout its breakthrough copper extraction technology has been given a boost with the announcement of $50 million in funding from the likes of Mitsubishi Corp, Freeport-McMoRan, BHP Ventures, Orion Resource Partners, and funds and accounts advised by T Rowe Price Associates Inc. The Series C funding round was led by[…]

Western Australia has committed to its “net zero emission” mining pledge by committing up to A$1.5 million ($1.17 million) in funding for research and development geared towards decarbonising the sector. Today, Western Australia’s Mines and Petroleum Minister, Bill Johnston, launched the first actions of the Minerals Research Institute of Western Australia’s (MRIWA) Net Zero Emission[…]

MineHub and Contour have partnered to integrate their digital supply chain and trade finance technology solutions for the global metals and mining industry. MineHub’s platform provides real-time visibility and collaboration of upstream and downstream supply chains, while Contour brings together banks, corporates and other ecosystem partners on a common, digital network for trade finance. Both[…]

Ukraine’s state-owned United Mining and Chemical Company (UMCC) is the first object of a large-scale privatisation program in Ukraine that will see the mineral sands mining major be auctioned off this summer with a starting price of UAH3.7 billion ($135 million). UMCC is the largest miner of ilmenite and the only miner of rutile and[…]

RPMGlobal has announced a number of significant improvements to its leading Schedule Optimisation Tool (SOT), marking the most significant software release of the product since it was acquired by RPM through the acquisition of Revolution Mining Software Inc in 2020. The latest release of SOT, SOT4, includes an extensive list of functionality enhancements designed to[…]