Vox Royalty purchases Wyloo North iron ore royalty

Vox Royalty Corp., a returns-focused mining royalty company, has executed a binding agreement to acquire an iron ore royalty over Wyloo North project in the Pilbara region of Western Australia, currently operated by Fortescue Metals Group, from an Australian company for A$1.5 million.  The royalty is a 1.5% Gross Revenue Royalty payable on the first 15 million tonnes of iron…

Read More

Fatal accident at Rio Tinto Simandou project

Rio Tinto said an employee of a contracting company has died following an incident at the SimFer mine site in Nzérékoré, Guinea, on August 22. “We extend our deepest condolences to the family, friends and colleagues impacted by this tragic event as well as the wider community. We will offer all the support we can at this very difficult time…

Read More

Indonesia creates new mineral industry agency

Indonesian President Prabowo Subianto has set up a new mineral industry agency that will oversee the development of rare earths and radioactive materials, reported Reuters. “This agency will manage the strategic materials industry that relates to the defence industry, because strategic materials are quite important for the sovereignty of the nation, as well as important for the improvement of our…

Read More

Hindustan Zinc may enter uranium market

Indian zinc-silver producer Hindustan Zinc will aim to expand into uranium mining if the government opens up the sector to private players, CEO Arun Misra told Reuters. Government sources told the news agency that India wants to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector…

Read More

Weir signs strategic collaboration agreement with MINEXXT

Weir has entered into a strategic cooperation agreement with MINEXXT Inc., to strengthen its global leadership in thickened and paste tailings solutions. Weir will integrate MINEXXT’s cutting-edge thickening technology into its global tailings portfolio. This technology is engineered to deliver high-performance thickened and paste tailings solutions, enhancing Weir’s ability to collaboratively meet the evolving needs of its customers with precision…

Read More

Noveon Magnetics to supply ABB with rare earth magnets

ABB has entered into a long-term supply agreement with Noveon Magnetics, an operational U.S. manufacturer of sintered rare earth magnets. The multi-million-dollar deal will support ABB’s North American manufacturing operations. Under the agreement, Noveon will supply ABB with high-performance NdFeB magnets for use in industrial motor applications. Monthly deliveries will begin this month and scale up to supply all magnet…

Read More