Archives: Mining finance

CIMIC Group is close to bringing in a new equity investor for its Thiess contract mining business, with Executive Chairman, Marcelino Fernández Verdes, saying in its latest financial results that due diligence had been completed and negotiations were expected to be finalised “in the coming days”. Back in July, CIMIC Group announced it had signed[…]

In line with the Federal Government’s recently published Modern Manufacturing Strategy, METS Ignited has announced the latest award of projects as a part of its Industry Growth Centre collaborative project funds. It has announced the award of METS Ignited Tranche 4 Collaborative Project Funds, with the combined investment of over A$6 million ($4.3 million) from[…]

The US International Development Finance Corp (DFC) has made a $25 million investment into TechMet Ltd, a private investment company with a portfolio of projects that produce, process and recycle metals tied to the production of electric vehicles (EVs), renewable energy systems and energy storage. The funds will be used to bring into initial commercial[…]

Canada’s Minister of Natural Resources, Seamus O’Regan, has announced a C$1.6 million ($1.2 million) investment in the development of an analyser able to provide near real-time measurements of the active clay content in oil sands and mine tailings. The project, led by the Saskatchewan Research Council with Suncor Energy Inc and the Northern Alberta Institute[…]

With funding now materially advanced and board approval in place, Mincor says it has issued a “Notice to Proceed” to its underground mining contractor, Pit N Portal, to start work at the Kambalda Nickel Operations in Western Australia. In line with the binding contract executed in May 2020, Pit N Portal has 60 days to[…]

This week, Norwegian copper mining company Nussir ASA entered into a memorandum of understanding for the sale of the full copper concentrate production for the first ten years from the Nussir mine in Finnmark, with an option to extend. Nussir said the German smelter Aurubis AG “won the fierce competition based on having the best[…]

Quebec-based Corem is to receive C$2.1 million ($1.6 million) of funding from the Canadian government to support the development of an innovative process for the recovery and recycling of cyanide in the gold extraction process. This new process is more environmentally sustainable and reduces the impact of gold mining on the aquatic ecosystem, according to[…]

The Sudbury Catalyst Fund, a C$5 million seed capital co-investment fund based in the City of Greater Sudbury, has announced the closing of its first investment of C$250,000 in FORTAI, a Sudbury-based technology company with a vision to transform how mines and heavy industry design, build and manage their operations. FORTAI is an advanced technology[…]

Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the Jadar lithium-borate project in Serbia. This will primarily fund the feasibility study, including the completion of detailed engineering designs, as well as permitting and land acquisition by the end of 2021, in line with[…]

Software company Blockhead Technologies Inc has announced it has entered a partnership with ABC Refinery, the refining division of Pallion, Australasia’s largest independent precious metals service group. ABC Refinery is Australia’s pre-eminent independent precious metals assayer, refiner and mint, and the exclusive manufacturer of ABC Bullion products. Blockhead and ABC Refinery are partnering to create[…]