BHP Mitsubishi Alliance (BMA) will cut about 750 jobs across its operations, blaming the impact of high royalties imposed by the Queensland government, reported ABC News. The miner also said it will mothball its Saraji South mine at Dysart in November. The Mining and Energy Union said it understood the job losses would come from corporate and support roles across…
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Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Tom Palmer, Newmont chief executive officer. “We value the strong relationship we’ve had with Orla…
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Global manufacturer of industrial motors and drives, Wolong Electric America, said its medium-voltage variable frequency drives (VFDs) are designed to deliver superior performance, reliability and efficiency to industries such as mining. The VFDs combine advanced technology with robust construction to ensure long-term operational excellence in even the most challenging environments. Full story.
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Aquatech has acquired Koch Technology Solutions’ (KTS) direct lithium extraction (DLE) business, integrating the Li-Pro Lithium Selective Sorption (LSS) technology and extensive Li-Pro IP portfolio into the PEARL process technology platform. Full story.
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Emerson has announced the availability of AspenTech Subsurface Intelligence (ASI), an open, cloud-native agentic environment that incorporates artificial intelligence to transform the user experience and accelerate subsurface-related decision making while leveraging existing investments in legacy applications. Full story.
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Equinox Gold has poured first gold at its Valentine gold mine located in Newfoundland and Labrador, Canada. Full story.
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Having completed its local electronic detonator manufacturing plant – only the second such plant in Canada – BME Mining Canada said it is forging ahead with a range of facilities to produce blasting-related offerings for the mining, quarrying and construction sectors. Full story.
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Metso has signed an agreement to acquire Q&R Industrial Hoses, a privately owned Australian company specializing in the manufacture of pinch valve sleeves, rubber hoses, and other rubber products and linings. This acquisition marks another step in Metso’s commitment to offer comprehensive, end-to-end slurry handling solutions and services for its customers. Following Metso’s valve and process control offering acquisition…
Read MoreNewmont has agreed to sell its Coffee gold project in Yukon, Canada, to Fuerte Metals for up to $150 million in total consideration. Upon completion of the transaction, Newmont will have divested all its non-core assets, six operations and two projects. Full story.
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Indonesian officials said a task force has seized plots spanning hundreds of acres from PT Weda Bay Nickel and PT Tonia Mitra Sejahtera for lack of relevant forestry permits, reported Reuters. A 148-hectare (366-acre) area at Weda Bay Nickel’s concession has been seized due to the lack of a forestry licence needed to exploit the plot. “They have the mining…
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