Summit Minerals to acquire Mundo Novo

Australian-headquartered Summit Minerals has confirmed it has inked a binding letter of intent to acquire the Mundo Novo niobium-rare earth-phosphate project in Brazil. The deal is pending due diligence approvals as well as a greenlight from company shareholders. The former is expected to be completed within the next 60 days. “This investment is driven by strong long-term demand linked to…

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MNG’s top stories of 2024

We have tabulated our top stories for 2024 on Miners News Global, and there were some surprises! Check out which articles caught the most attention from readers over the last year. 1.      MSHA issues final silica ruleIn this story from April 2024, we shared MSHA’s final rule issuance for exposure to respirable crystalline silica. 2.      Rare…

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Metso picks up Montage Gold award for Koné

Montage Gold has awarded an order to Metso for the delivery of key minerals processing equipment for the company’s Koné gold project in Côte d’Ivoire. The EUR 50 million order was booked in the company’s Minerals segment’s 2024 fourth-quarter orders received. Metso’s delivery includes a large dual-pinion Premier grinding mill with an impressive installed power of 22MW and an HRC…

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Barrick still restricted on Loulo-Gounkoto shipping

Barrick’s Loulo-Gounkoto mining complex in Mali, which remains restricted from shipping its gold, has now been issued an interim attachment order as it continues to eye a potential stoppage at the complex should the situation continue. The attachment order, it said, is against the existing gold stock on site, which further prevents its export and disrupts normal operations. Barrick believes…

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Dozer push mining method tested in India

India’s Council of Scientific & Industrial Research – Central Institute of Mining and Fuel Research (CSIR-CIMFR) has successfully conducted the country’s first trial blast for the dozer push mining method.  This innovative approach aims to enhance safety and operational efficiency in mining processes by utilising unmanned, automated machinery. The trial was conducted at the PEKB (Parsa East and Kanta Basan)…

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First India-made continuous miner deployed

The Jhanjra Area of Eastern Coalfields has achieved a significant milestone with the launch of a Gainwell standard height continuous miner (SHCM-3) – the first CM manufactured under the ‘Make in India’ program – at the Jhanjra colliery.  A ribbon-cutting ceremony was attended last month by Eastern Coalfields executives, members of the JCC and representatives from INMOSSA. Additionally, the dignitaries…

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Freeport Indonesia seeks export continuation

PT Freeport Indonesia is in discussions with the government about being able to continue copper concentrate exports until its new Manyar smelter returns to full operations, reported Reuters. The miner was allowed to export copper concentrate until the end of December, as the smelter was expected to process its mine output domestically by then. However, a fire in October has…

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