South32 revealed in its quarterly production and earnings report this week that it will be placing its Cerro Matoso nickel operation in Colombia under a strategic review following a reduction in prices paired with a production shortfall. The complex’s payable nickel production in 2H23 was 18.3 million tonnes, down 10%, despite the miner’s outlook of 40.5Mt full-year while eyeing higher…
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Latin Metals acquires Argentina project
Canadian-based Latin Metals has confirmed its acquisition of the 68,000-hectare Terraza copper project in the Juyay province of Argentina. Latin Metals’ is a first mover in exploring sediment-hosted copper deposits in this emerging belt and, with this acquisition, increases its ground holding to more than 500,000 hectares. “Latin Metals’ exploration efforts in northwest Argentina are focused on understanding and unlocking…
Read MoreSteppe Gold acquiring Boroo Gold
Mongolia’s top gold producer is about to be formed with the acquisition of Boroo Gold by Steppe Gold, the latter announced 22 January. Steppe officials said it has entered into a binding term sheet creating a producer in Mongolia with a near-term production target of 200,000 ounces per year, including the committed ATO Gold Mine Phase 2 expansion. Boroo Gold…
Read MoreJennmar Australia marks safety milestone
Global ground control supplier Jennmar has confirmed that its Jennmar Australia business, including Jennchem Australia and Harness Pro Australia, recently achieved 12 months without a lost-time injury (LTI). The company said the milestone is a testament to its “unwavering commitment to the well-being of our employees” as well as the communities it serves. “Our exceptional safety culture demonstrates our resolve…
Read MoreCare and maintenance for portion of BHP’s Kambalda
BHP has reportedly opted to place part of its Kambalda nickel concentrator in Western Australia on care and maintenance. Asset president Jessica Farrell told Reuters that it made the decision after its ore supplier Wyloo Metals announced it would pause mining operations on low nickel pricing. About 20 jobs will be impacted by the transition. BHP has not indicated how…
Read MoreWhitehaven considers selling Blackwater stake
Australian miner Whitehaven Coal is reportedly looking at options to sell a 20% stake in the Blackwater mine to global steelmakers as it works to finalize a US$3.2 billion deal for the asset and fellow Bowen Basin mine, Daunia, according to Bloomberg. “Interest is very, very strong” in relation to a stake in Blackwater, CEO Paul Flynn recently told analysts.…
Read MoreRegulator orders Russell Vale to cease mining operations
The New South Wales Resources Regulator has prohibited Wollongong Resources’ Russell Vale Colliery to mine coal due to ongoing safety concerns, reported ABC News. The Mining and Energy Union told the news service that there have been at least five significant frictional ignition events at the underground mine in the past eight months. “The prohibition notice will remain in place…
Read MorePaus, Elquip ink dealership pact
Underground mining supplier Paus has signed a memorandum of understanding (MOU) with Australian equipment maker Elquip that will benefit both mining and tunneling. Paus confirmed that, under the new agreement, the two will mutually evaluate and prepare a dealership for the Australian market. It will encompass specializes mobile equipment as well as service and parts. No timeline was provided for…
Read MoreSix included in second BHP Xplor cohort
BHP, after evaluating a pool of more than 500 applicants, has selected six companies for the second cohort of its Xplor accelerator program for critical resources exploration. Each company selected will receive a grant of up to US$500,000 and will gain access to a network of internal and external experts to fast-track growth as well as exploration concepts. The goal…
Read MoreBarrick extends partnership, strengthens ties with Sandvik
A long-term global fleet agreement between Barrick Gold and Sandvik Mining and Rock Solutions has been extended in a deal the pair say will improve safety, productivity and sustainability. The fleet alliance will be guided by operational and relationship KPIs, Sandvik noted, and includes Barrick’s rollout of Sandvik’s Remote Monitoring Service (RMS) to its entire global underground fleet of more…
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