Archives: Mining project news

Making the transition from an open pit mine that has been operating successfully for 30 years to an underground operation that could become one of the most mechanised and automated in the world is not something that happens overnight. De Beers Group embarked on the $2.3 billion underground expansion of its Venetia asset in Limpopo[…]

Coeur Mining, Inc has announced the achievement of several critical milestones at its major Rochester expansion project in Nevada, including the production of the first silver and gold ounces. Following a ramp-up period expected to last into early 2024, Rochester is expected to drive a step-change in the company’s overall production levels, cost profile, and[…]

OceanaGold Corporation says that its first development ore has been mined from the Horseshoe Underground mine, an underground expansion of its Haile surface operation, with first stope production expected in October 2023 with ramp-up to occur through the fourth quarter and first half of 2024. In the wider operation, Haile’s third quarter 2023 gold production[…]

Trigon Metals Inc has placed an order with Epiroc South Africa Pty Ltd to purchase underground mining equipment to the value of US$8.9 million. This equipment will comprise the majority of the underground mining fleet for the restart of mining from the Asis West shaft at the company’s Kombat copper mine in Namibia, where production[…]

Liontown Resources Ltd has issued a letter of award to Byrnecut Australia Pty Ltd for Underground Mining Services to underpin the development and production of the Kathleen Valley hard rock lithium project. The appointment of Byrnecut is a significant milestone for Kathleen Valley which has a Mineral Resource Estimate of 156 Mt at 1.4% Li2O and[…]

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[…]