Archives: Mining finance

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[…]

OZ Minerals has committed funds to support in-situ recovery (ISR) research at the Kapunda copper-gold ISR project in South Australia, putting the project owners closer to outlining the potential economic extraction of copper resources via ISR. Kapunda is being steered by EnviroCopper Ltd, which, itself, has a joint venture in place with tenement holder Terramin[…]

In a quarter of record revenues and adjusted operating margin, Epiroc’s battery-electric equipment orders and market demand for electrified mining solutions again came to the fore. The company posted revenues of SEK11.9 billion ($1.2 billion) in the June quarter, 22% up on the same three-month period of a year ago. Its adjusted operating margin came[…]

Tungsten West PLC, the mining company focussed on restarting production at the Hemerdon tungsten and tin mine in Devon, England, has concluded a re-evaluation of the options for bringing the Hemerdon Mine back into production and announces its new development plan. The plan has been developed in response to global crises in power and diesel[…]

MineHub Technologies Inc has entered into a commercial agreement with BHP, the largest global resources company. Under the agreement, BHP will subscribe to the MineHub platform and enterprise applications as a paying customer. The MineHub global team will work closely with BHP to support the adoption of the MineHub platform by BHP operations and its[…]

Marathon Gold Corp says it has executed a credit-approved commitment letter with Caterpillar Financial Services Limited for equipment lease financing related to the development and operation of the Valentine gold project in Newfoundland, Canada. The commitment letter with Cat Financial contemplates $81 million of equipment leasing for Caterpillar trucks, excavators, graders, loaders and dozers, for[…]