Global miner Newmont has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada, marking the completion of the miner’s divestiture program announced last February. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of…
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Coal producer Peabody has signed a contract to provide 7-8 million tons of coal per year to Associated Electric Cooperative Inc. for at least the next seven years. Full story.
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Australia-based fine particle specialist RST Solutions has entered a strategic business agreement with Indonesian mining company, PT Mineral Nusa Investama (MNI), to increase capacity of service delivery for clients. RST Solutions has held a strong presence in Indonesia for many years, with company representatives based in Malaysia servicing Indonesian clients. “With the Indonesian government implementing laws and policies to ban…
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Earlier this year, Liebherr-Australia commissioned five PR 776 dozers for gold producer Northern Star Resources. These dozers are the first of 13 brand-new Liebherr machines set to be commissioned for the miner throughout the year. On top of these initial five machines, Liebherr-Australia will supply another two PR 776s, five R 9150 excavators and an R 9400 excavator. Most of…
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Caterpillar has announced an investment to support a key source of its success and longevity for the next 100 years: people. As part of the celebration, the company pledged $100 million over the next five years to help equip the workforce of the future with the skills needed, leveraging technology to meet global market demands as the world undergoes a…
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United Coal Company, which operates in the Appalachian region of the United States, has sent its first 80,000-ton shipment of coking coal to Ukraine steel producer Metinvest. The shipment aims to support sustainable steelmaking following the suspension of operations at Pokrovske Coal due to the ongoing Russia-Ukraine war. Pokrovske Coal was Ukraine’s only producer of coking coal. It supplied a…
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Photo: Anglo American American coal producer Peabody Energy is reviewing all options related to its acquisition of Anglo American’s coal assets in Australia following an ignition event at one of the mines included in the deal. “The company remains in conversation with Anglo American to better understand the impacts of the event,” said Peabody in a statement. “Peabody is preserving…
Read MoreFinnish engineering firm Metso has received an order worth approximately €15 million. This is the largest service order the company has ever received for the comprehensive modernization of a thickener at a customer’s facility in Mexico. Full story.
Read MoreIvanhoe Electric received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining the potential to provide up to $825 million in debt financing for the development of the Santa Cruz copper project in Arizona. Full story.
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Upon completion of the Piedmont Lithium and Sayona Mining merger announced last November, the combined North American lithium business will be named Elevra Lithium. Full story.
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