The Tasmanian government has issued a $7.5 million loan to Group 6 Metals for its struggling Dolphin tungsten mine on King Island, reported ABC News. This dovetails the government recently acquiring 12% of the company’s shares after Group 6 couldn’t repay a previous loan. A government spokesperson said the new loan was approved because the mine is “critical” for regional…
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Glencore Australia’s Ulan Coal Mine Complex – one of the country’s largest coal mines – has received approval to expand its underground operation, reported ABC News. The miner will be able to extract a further 18.8 million tonnes of coal at the New South Wales site. Additionally, the determination extends the life span of the mine by a further two…
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After four years at the helm, Rio Tinto Chief Executive Jakob Stausholm will be stepping down later this year. The miner said “a rigorous selection process is already underway” to find his successor. Full story.
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In an update on the staged ramp up of its Iron Bridge magnetite operation in Western Australia, Fortescue said it is targeting fiscal year 2028 to achieve nameplate capacity of 22 million tonnes per annum. When the miner announced plans to build Iron Bridge in 2019, it pledged to have the project ramped up to full production rates by June…
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With the support of Enterprise Singapore, and in partnership with AI Singapore, BHP said it will open its first Industry AI Hub later this month in Singapore to accelerate digital transformation and AI adoption in the mining and resources sector. The hub will support the growth of BHP’s digital capabilities in Singapore and the region, with plans for a number…
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London-based Central Asia Metals has entered into a definitive Scheme Implementation Deed (SID) with New World Resources to acquire the Australia-based, North American-focused company for A$185 million. The acquisition will add the Antler copper project in Arizona (USA) to Central Asia Metals’ portfolio. “The addition of this high-grade copper project in a tier-one jurisdiction will significantly strengthen our portfolio. We…
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The Weir Group and CiDRA Minerals Processing recently signed a global collaboration agreement alongside a strategic investment by Weir in CiDRA’s mining business. This partnership will accelerate the commercialization and deployment of CiDRA’s P29 technology, which introduces an innovative mineral separation solution and unlocks novel flowsheet designs. Under the terms of the agreement, Weir and CiDRA will collaborate globally to…
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National Mining Association EVP and COO Katie Sweeney recently spoke before the U.S. House of Representatives Committee on Energy and Commerce’s Subcommittee on Oversight and Investigations on methods to enhance domestic mineral supply chains. Full story.
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In a push to strengthen U.S. energy and manufacturing security, the U.S. Energy Department confirmed the designation of metallurgical coal as a critical material under the Energy Act of 2020. Full story.
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Epiroc AB said it will consolidate some of its drilling tools manufacturing in North America to increase efficiency. The OEM will move the manufacturing of rotary and raiseboring drilling tools from Langley, Canada, to its factory in Matehuala, Mexico, where rock drills are also currently produced. Full story.
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