Archives: Precious metals

Endomines Finland Oyj’s subsidiary, Endomines Oy, has entered into a cooperation agreement with mining contractor Veljekset Toivanen Oy, covering the underground mining operations in the Hosko production site. Endomines opened the Hosko open pit mine in February 2024. Hosko is located on the Karelian Gold Line, about 20 km north of Pampalo. The company is[…]

A significant milestone has been achieved at Newmont Cadia copper-gold mine – the team recently celebrated as the PC2-3 project began self-caving within the orebody – a major technical achievement that confirms the orebody’s amenability to caving and the successful delivery of a world-class, 15 Mt/y panel. Newmont stated that with 64 of 154 drawbells now[…]

Aya Gold & Silver Inc recently provided an update on construction progress at its Zgounder Silver Mine in the Kingdom of Morocco. The expansion project was 98% complete as at August 30, fully funded, and on budget. However, engineering, procurement, and construction partner, Duro Felguera (DF), encountered issues during commissioning of the hydraulic unit of[…]

Newmont Corporation has announced today, as part of its ongoing program to divest non-core assets, it has agreed to sell the Telfer operation, Newmont’s 70% interest in the Havieron gold-copper project, and other related interests in the Paterson region, all in Australia, to Greatland Gold PLC. The transaction is expected to close in the fourth[…]

Bellevue Gold Limited has started the underground decline development at the Tribune portal, part of its namesake mine in Western Australia, employing a new Sandvik DD422iE battery-electric jumbo as part of its production growth strategy. The Tribune decline milestone is significant because Tribune will provide a second independent mine access route. It will be the[…]

The boards of AngloGold Ashanti and Centamin have agreed the terms of a recommended acquisition of Centamin in a deal that values the company at $2.5 billion. Centamin’s flagship asset is the Sukari gold mine, which is Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing mines. Since[…]

DOK-ING showcased its innovative electric robotic NRE fleet and its latest product, a VR training simulator, at Electra Mining Africa, held from 2-6 September at the Expo Centre, Johannesburg. It says this largest mining fair in Africa served as the ideal stage for DOK-ING’s 100 m² stand with a team of 12 experts attending, including[…]

Macmahon Holdings Limited says it has been selected by PT Citra Palu Minerals (CPM), a subsidiary of PT Bumi Resources Minerals Tbk, as the mining services contractor for the Poboya gold project in Sulawesi, Indonesia. The scope for Macmahon will include open-cut mining activities including drilling, loading, hauling, equipment maintenance and mine site development. Macmahon[…]

Chinese construction and mining equipment giant XCMG has already made significant inroads in mining with its wide body trucks, including conventional diesel, hybrid and full battery versions in countries like Brazil, Indonesia, Guinea and elsewhere and with high profile Tier 1 miners like Vale. This includes a fleet of 30 units of its XGE105 electric[…]

Eldorado Gold in a recent blog post homed in on its remote mucking project at the Olympias gold-silver-lead-zinc mine in northern Greece, located on the Halkidiki Peninsula. The team at Olympias began implementing a remote mucking program in 2023 to improve mine safety and productivity following successful implementation of similar technology at the Lamaque Complex in[…]