Silvercorp Metals has signed a non-binding term sheet to acquire Celsius Resources for A$56 million. Celsius’ advanced-stage Maalinao-Caigutan-Biyog copper-gold project in the Philippines will move Silvercorp into being a diversified precious-base metals producer. Full story.
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Water tech company Gradiant has announced partnerships with SLB, Rio Tinto and an undisclosed global miner to improve productivity and sustainability in the mining industry with a focus on reducing carbon and water footprints. Projects in the United States and Western Australia will focus on resource recovery of critical minerals and industrial process water. Gradiant’s collaborations with SLB and the…
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Almonty Industries said that plans are now well advanced to reopen its Los Santos tungsten mine in western Spain, which has been in planned care and maintenance since 2020, via the retreatment of tailings. The Canadian-based miner has been undertaking studies into the re-commencement of production from Los Santos utilizing its flotation technology developed for the Sangdong tungsten mine in…
Read MoreTo meet the growing demand for mining and industrial filters, Metso said it will upgrade the machining process in its Filtration Technology Center in Lappeenranta, Finland. The new machining unit is expected to be commissioned in 2024. “Besides enabling an increased production throughput, the new machining unit will allow improved delivery times of high-quality frames to our customers. It will…
Read MoreFortuna Silver Mines reported that an illegal blockade at its San Jose mine in southern Mexico has been lifted and operations have resumed. Full story.
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China’s Zijin Mining said one of its mines in Tibet has halted operations after an accident left six subcontractor employees missing, reported Reuters. Full story.
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Bowen Coking Coal said the Australian Department of Climate Change, Energy, the Environment and Water intends to approve the construction and operation of the Isaac River mine in Central Queensland. Full story.
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American Lithium has received the first of three permits from Peruvian authorities for discovery and exploration drilling near Quelcaya, a few kilometers west of the miner’s Falchani hard rock lithium deposit. The company said drilling would commence immediately on priority targets. “This is a very significant development for the company which validates recent supportive comments from the new government in…
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Seabridge Gold subsidiary KSM Mining has agreed to principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty pays US$150 million for a 1.2% net smelter royalty for all metals produced at the KSM project in northern British Columbia, Canada. Full story.
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Gold miner St Barbara said it will not engage further with Silver Lake Resources regarding a A$707 million bid for its Leonora assets in Western Australia citing a lack of synergies and cash offering. Instead, it will continue to back a A$600 million proposal for the same assets from Genesis Minerals. Full story.
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