New official data from China is reportedly revealing that iron ore imports in the country have been up this year through October, and in that month alone jumped 4.48% year-over-year on rises in steel margins.
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Rio Tinto said it is partnering with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia.
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ABB has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a long-standing customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers.
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Equinox Gold said its Greenstone mine in Ontario, Canada, has reached commercial production based on the operating progress achieved through October. At full production, the mine will be one of Canada’s largest and highest-grade open-pit gold mines.
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Hecla Mining Company has appointed Rob Krcmarov, a 30-plus-year veteran of mining and former Barrick executive, as the company’s new president and chief executive officer, effective November 7. Full story.
Read MoreEero Mäkinen (1886-1953), a pioneer of the Finnish mining industry and one of the key inventors of flash smelting, has been inducted into the National Mining Hall of Fame. The induction ceremony took place in Denver, Colo., on November 2. Mäkinen played an important role in the development of the modern mining industry in Finland. During his career, he made…
Read MoreEuro Sun Mining has inked a binding memorandum of understanding with Glencore International giving the latter right of first refusal for an offtake of all future concentrate from its Rovina Valley project in Romania. The Toronto-headquartered junior, which is advancing the project to be one of Europe’s largest copper gold properties, also gave Glencore the right to nominate one director…
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Brazilian authorities are preparing to remove illegal gold miners from the Munduruku territory in the Amazon rainforest, reported Reuters, noting that the Indigenous reservation has the second-most illegal mining in Brazil. The miners have crisscrossed the territory with 21 informal airstrips and contaminated it with mercury, a Brazilian official told the news agency. The planned operation will involve federal bodies…
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BHP said that comments made by its chairman during its annual general meeting did not mean the company has ruled out a renewed offer for Anglo American, reported Reuters. Chairman Ken MacKenzie said that the company had “moved on” to focus on growth opportunities. However, company officials said that “these comments were not intended to be a statement to which…
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Anglo American has agreed to sell its 33.3% minority interest in Jellinbah Group, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin A$1.6 billion (US$1.1 billion). Zashvin is an existing 33.3% shareholder in Jellinbah alongside Anglo American and Marubeni. “The cash proceeds of A$1.6 billion reflect the…
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