According to new polling by the National Mining Association, conducted by Maru/Blue, the vast majority of Americans support an all-of-the-above energy strategy that includes coal and are concerned that the rush to transition to renewable energy is going to sacrifice our ability to keep the lights on. Full story.
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Under a new deal, SMS Equipment has been named dealer of Komatsu underground hard rock mining equipment across most of Canada and in Alaska. Full story.
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Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…
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The Government of Canada has awarded Rio Tinto Iron Ore Company of Canada (IOC) C$18.1 million to support the decarbonization of iron ore processing at its operations in Labrador West. Full story.
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Australian-headquartered Orica confirmed it has inked a deal to acquire U.S.-based Cyanco Intermediate 4 Corp. for $640 million in a bid to extend its mining chemicals business presence. Officials said the price tag will be paid via financial backing of US$261.9 million along with existing cash and debt facilities. Cyanco, a distributor and maker of sodium cyanide mainly for the…
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Baffinland Iron Mines and German steelmaker ROGESA are strengthening their cooperation by signing a memorandum of understanding (MoU) to further investigate the use of high-grade iron ore from Nunavut, Canada, in low carbon “green” steel production. Full story.
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The Minerals Research Institute of Western Australia (MRIWA) has released new technology for the advancement of bolt safety in underground mines. In the new report overview of In-situ Rock Bolt Behaviour Underground, the group outlined its extensive lab testing to understand rock bolt behaviour under complex load conditions. “Physical models were prepared to simulate the shearing in underground opening with…
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Private equity firm Kinterra Capital said its portfolio company, Cannon Resources, has made significant advancement in expanding the resource at its Fisher East nickel project – the largest undeveloped high-grade nickel sulphide asset in Australia not owned by a major miner. Cannon saw an increase in its independent JORC Resource to 13.1 million tonnes of Indicated and Inferred mineral resources.…
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Canadian-based exploration company Rugby Resources said recent surface sampling at its Cobrasco copper project in Colombia has yielded significant copper/molybdenum assay results. Additionally, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometer northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization intersected in drill…
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Sandvik has unveiled the Golden Shank, a patented corrosion protection coating for greatly increased service life and lower drilling cost per meter. The shank adapter encounters harsh conditions in many underground mines due to the use of highly corrosive water as flushing media. During its lifetime, it must endure challenges such as reduced fatigue properties, stress corrosion cracking and embrittlement.…
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