Archives: Mining project news

Following the completion of all construction and commissioning activities, Polymetal’s Nezhda mine successfully produced first gold and silver concentrate on October 16th. This is two weeks ahead of the previously announced target date of November 1st. The concentrator now enters a ramp-up period, and is expected to reach its nameplate capacity of 180,000 oz/y and[…]

South32 has entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile’s prolific Antofagasta copper region for an upfront cash consideration of $1.55 billion. Sierra Gorda is an operating mine in the prolific Antofagasta copper mining region,[…]

Seligdar PJSC, one of the leading gold producers in Russia, has announced that its majority held subsidiary White Gold LLC has won an auction for a licence to develop the largest gold deposit in the Republic of Sakha (Yakutia) – which is known as Kyuchus. White Gold is a joint venture between Seligdar Polymetallic Holding[…]

Newcrest Mining Ltd has announced that the Newcrest Board has approved the Lihir Phase 14A Pre-Feasibility Study (the Phase 14A Study), enabling the commencement of the Feasibility Study and Early Works Program. The Study focuses on extending the Phase 14 cutback and safely steepening the walls of the pit utilising civil engineering techniques to access[…]

Global Atomic Corporation has signed a letter of intent with CMAC-Thyssen Mining Group to collar the portal and complete initial underground development at the Dasa Uranium Project in the Republic of Niger. The selection of CMAC-Thyssen resulted from a multi-party bidding process that required bidders to have project experience in West Africa. The box-cut excavation[…]

Highfield Resources has signed a purchase contract for important components of the process plant in order to finalise the pre–construction activities at the flagship Muga potash mine situated some 50 km to the south east of Pamplona in Spain, which is being developed by subsidiary Geoalcali. Following a recent A$18.1 million capital raise, the company[…]

ioneer Ltd has announce that it has reached an agreement to establish a joint venture with Sibanye-Stillwater Ltd to develop the flagship Rhyolite Ridge lithium-boron open pit mining project located in Nevada, US. Under the terms of the agreement, Sibanye-Stillwater will contribute $490 million for a 50% interest in the Joint Venture, with ioneer to[…]

Copper-gold mining operation Oyu Tolgoi LLC recently celebrated a significant milestone with the breakthrough heading blasting completed August 16, connecting the C2S project conveyor decline with the underground workings. Tuul Batbayar, Oyu Tolgoi Mining Engineer outlined how significant C2s is for the mine. “The C2S system is a key component of the Oyu Tolgoi underground[…]

Polymetal announces that its Board of Directors has approved an accelerated development of the open-pit mine at Prognoz with ore processing at the Nezhda concentrator. First payable concentrate production is expected in Q3 2023. “The decision to process ore from Prognoz at Nezhda ensures optimal allocation of human and financial capital within Polymetal. Fast-track development[…]

In a ceremony with reduced capacity, and led by the Chilean President Sebastián Piñera, Codelco officially began the works of Rajo Inca, a major expansion project that seeks to give continuity to Salvador Division. “Today we are very happy to be able to discard that ghost that haunted these lands, to give them the tranquility[…]