Archives: Mining finance

Canada’s Digital Technology Supercluster has launched the Mining Microbiome Analysis Platform (MMAP) project, which, it says, is the largest investment in planned natural resource genomic sequencing in the history of the sector. With breakthrough biomining solutions, the MMAP project will be the catalyst for sustainable mining practices on a global scale by replacing energy and[…]

Rio Tinto, Turquoise Hill Resources (TRQ) and the Government of Mongolia have reached an agreement that, Rio says, will move the Oyu Tolgoi (OT) project forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia. As a result, the OT Board, comprised of representatives of Rio Tinto, TRQ and[…]

Orexplore Technologies has commenced trading on the Australian Securities Exchange (ASX), following its demerger from Swick Mining Services Limited. As part of this process, the company raised A$2.44 million ($1.76 million) at A$0.25 per share from existing Swick shareholders through a priority offer of shares, in addition to the A$12 million seed funding amount through[…]

BHP has invested $40 million in Tanzania-focused Kabanga Nickel, in addition to backing Lifezone Limited and its patented hydrometallurgical technology with a $10 million investment. Kabanga Nickel Limited says its share of the cash will be used to accelerate the development of the Kabanga nickel project in Tanzania, which it claims is the world’s largest[…]

Hyundai Construction Equipment (HCE) says it is investing €150 million ($170m) in its Ulsan production plant in South Korea, increasing capacity by 50%, in a process that will support Hyundai’s growing presence in the global construction equipment market, while providing a manufacturing base for a new generation of electric- and hydrogen-powered equipment. The investment, to[…]

The South Australia Government says it will extend its Accelerated Discovery Initiative (ADI) until 2025, committing another A$11.5 million ($8.2 million) to the program. The ADI provides co-financing to mineral exploration activities to attract greater exploration investment, bringing forward new mineral resource discoveries, jobs, Aboriginal employment opportunities and royalties, according to the government. It also[…]

Eramet plans to restart construction of its lithium production plant in Argentina after signing an agreement with Tsingshan that will see the China-based steel group finance the build in exchange for a 49.9% interest in the project. The construction of the 24,000 t/y lithium carbonate equivalent plant will start during the March quarter of 2022,[…]

The world’s largest Caterpillar dealer, Finning International, has reported record September quarter earnings per share performance as it revealed plans to roll out the use of low-carbon fuels, including compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen. In the most recent three-month period, the company reported earnings per share of C$0.61/share ($0.49/share) –[…]

Novalith Technologies says it has successfully raised A$2.5 million ($1.9 million) in a seed funding round, which will help accelerate the development of its Australia-made lithium extraction and refining technology to provide a low carbon, sustainable approach to lithium production. Its technology aims to substantially reduce production costs, improve sustainability outcomes, and ultimately revolutionise the[…]

CRC ORE and Australia’s national science agency, CSIRO, have formed a Future Research Program to, they say, take CRC ORE’s most promising fields of research into new areas to broaden the impact on the Australian mining industry and economy. This work will boost the sustainability of the mining industry by helping reduce energy and water[…]