Archives: Mining finance

Mitsui & Co Ltd, one of Japan’s largest general trading companies, has announced its partnership with the Copper Mark, the credible assurance framework set up to promote responsible practices and demonstrate the industry’s contribution to the United Nations Sustainable Development Goals. Mitsui operates as a world leader across the minerals and metals, infrastructure, chemicals, energy,[…]

The Queensland Government has committed funding to “reinvigorate” the Mount Morgan gold mine in the state, backing the tailings processing plans of Heritage Minerals, Treasurer and Minister for Trade and Investment, Cameron Dick, has confirmed. “From its proud history as the world’s largest gold mine in the early 1900s, Mount Morgan has been under State[…]

The Mining Innovation Commercialization Accelerator (MICA) Network has announced over C$11.5 million ($8.6 million) of investment in 16 projects with a total project value of over C$39 million as part of its program to accelerate green innovations that, it says, will position Canada’s mining sector to benefit from, and contribute to, Canada’s economic recovery. MICA[…]

IM Editorial Director Paul Moore has met in person this year with Saudi Arabia’s Minister of Industry & Mineral Resources, His Excellency Bandar Ibrahim Alkhorayef, on two occasions – at the inaugural Future Minerals Forum held in January 2022 in Riyadh (with the follow up event coming up soon in early 2023) – and also[…]

UK-based Watercycle Technologies Ltd, a critical minerals and water filtration specialist, has been granted a £500,000 ($572,428) Innovate UK Smart Grant, in partnership with Cornish Lithium Ltd, to test its direct lithium extraction (‘DLE’) process in Cornwall, England. Watercycle says its patented filtration process can selectively extract lithium from sub-surface waters, such as those found[…]

Phoenix Tailings, a US-based critical materials extraction and refining startup, is to receive $1.2 million from the U.S. Department of Energy to extract nickel and magnesium from mining waste using what it says is “carbon negative technology”. These metals are crucial to the production of the batteries that fuel cars, computers and phones using a[…]

Endeavour Mining has launched the construction of its 80%-owned Lafigué project on the Fetekro property in Côte d’Ivoire, following completion of a definitive feasibility study that outlined a project able to produce approximately 200,000 oz/y at an all-in sustaining cost of $871/oz over its initial 12.8-year mine life. Based on the DFS recommendation, an upsized[…]

Rio Tinto is partnering with the Government of Canada to invest up to C$737 million ($537 million) over the next eight years to decarbonise its Rio Tinto Fer et Titane (RTFT) operations in Sorel-Tracy, Québec, Canada, and to position the business as a centre of excellence for critical minerals processing. The partnership will support technological[…]

IMDEX has revealed record September-quarter revenue amid a strong start to its financial year, with CEO Paul House noting revenue growth was up in all key regions with an increasing demand for real-time orebody knowledge and robust industry fundamentals. IMDEX says its technologies enable resource companies and drilling contractors, to find, define, and mine orebodies[…]

Resource Capital Funds says The Clean Energy Finance Corporation (CEFC), Australia’s largest dedicated cleantech investor, has invested $14 million into RCF Jolimont Mining Innovation Fund II (RCF Jolimont Fund II), a private equity fund specialising in mining innovation that, RCF says, strives to make mining safer, better and more efficient. RCF Jolimont Fund II will[…]