IAMGOLD has released its latest quarterly results, highlighting the significant progress it has made on its majority-owned Côté gold project in northeastern Ontario, Canada. The company is the majority owner and operator of Côté, with the next biggest stake owned by Sumitomo Metal Mining. Côté has a mine life of 18 years, and will produce[…]
Piedmont Lithium has announced this week the first commercial shipment of spodumene concentrate produced by North American Lithium (NAL), which is wholly owned by Sayona Quebec, a JV between Piedmont (25%) and Sayona Mining (75%). NAL made the initial 20,500 t shipment of spodumene concentrate via a trading company to international parties. Piedmont owns a[…]
Glencore International AG and Pan American Silver Corp have reached an agreement for Glencore to acquire the 56.25% stake in the MARA project from Pan American. Under the terms of the agreement, Glencore will pay $475 million in cash upon closing and grant Pan American a copper Net Smelter Return (NSR) royalty of 0.75%. The project[…]
De Beers Group has celebrated a key milestone with the delivery of first production from underground operations at its Venetia Mine in Limpopo, South Africa. The overall construction of the underground mine is now 70% complete, with construction and production ramp-up continuing over the next few years. Venetia Mine, South Africa’s leading diamond mine, ceased[…]
Grangex AB says it has entered into an exclusivity agreement with OMF Fund II H Ltd for the purposes of negotiating final definitive documentation in relation to the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS from Orion for a total consideration of US$33 million. Sydvaranger Mining was acquired[…]
In its just published operational decarbonisation investor briefing, the world’s leading mining company BHP outlined some of its plans and strategies to meet its decarbonisation targets – the most immediate of which is reducing operational emissions by at least 30% by 2030 from 2020 levels followed by net zero by 2050. Dr Graham Winkelman, Head of[…]
MACA has announce the extension of its open pit mining contract at the Gruyere gold mine, a joint venture (JV) between Gold Fields and Gold Road Resources. The project is located approximately 1,200 km north-east of Perth in Western Australia’s north-eastern Goldfields region. Under the terms of the contract extension, MACA will continue to provide[…]
Teck Resources Ltd has announced that its Quebrada Blanca Phase 2 Project (QB2) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023. “First copper concentrate production at QB2 is an important milestone as we advance our commissioning and ramp up plan towards full production[…]
Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. The two Tier 1 miners have also entered into a memorandum of understanding for[…]
Hitachi Construction Machinery and First Quantum Minerals have announced that they have entered into a Letter of Intent to advance the development of sustainable mining solutions at First Quantum’s flagship mining operations in Zambia. A proof of concept will be implemented as part of the LOI; Hitachi Construction Machinery supplying the first of its full[…]