Rio Tinto has agreed to pay $138.75 million to settle a lawsuit that accused the miner of defrauding investors by concealing problems with its underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. The lawsuit sought damages on behalf of shareholders of Turquoise Hill Resources between July 2018 and July 2019, when it was majority-owned by Rio…
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Metso is expanding its rubber and Poly-Met wear parts production capability in Australia. The OEM said it is installing a mega-class press at its Canning Vale production facility in Western Australia, which is specifically designed to produce large Megaliner mill liners. “Our customers have already responded very positively to the advantages of local support with our Karratha service center, which…
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Canadian-based IAMGOLD said the processing plant at the Côté Gold mine in northeastern Ontario has operated at nameplate capacity of 36,000 tonnes per day on average over 30 consecutive days. Full story.
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Teck Resources has received an Environmental Assessment Certificate for the proposed Highland Valley Copper Mine Life Extension project from the British Columbia government. The project would extend the life of the copper-molybdenum mine to the mid-2040s. Full story.
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Lynas Rare Earths has confirmed first production of terbium oxide (Tb) at its advanced materials plant near Kuantan, Malaysia. This is the second separated heavy rare earths oxide to be produced at Lynas Malaysia this year. “Together with dysprosium oxide (Dy), which was first produced on our new heavy rare earths production line in May, Lynas can now supply customers…
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Eriez has appointed Mary Ann De Lunas as country manager for its Magnetics division in the Philippines, underscoring the company’s commitment to expanding its footprint and enhancing customer support across the Asia-Pacific (APAC) region. Full story.
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Australia-based Native Mineral Resources said it remains on track for first gold pour by the end of July at its Blackjack gold project in Charters Towers, Queensland, following staged commissioning. “We are approaching a major operational milestone as the Blackjack project moves closer to production. Key activities across the site – from plant energisation and commissioning to mining readiness –…
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FLSmidth has entered into a share purchase agreement with Nrep and AG Gruppen to sell the land and buildings located at its corporate headquarters in Valby, Denmark, for DKK 730 million. The company has been based at Vigerslev Allé since 1899. Since 1956, the iconic red-brick buildings, designed by architect Palle Suenson, have served as home to the global business. …
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Canadian miners Hudbay Minerals and SSR Mining have restarted operations at their Snow Lake and Seabee operations, respectively, following a temporary suspension due to nearby wildfires. Full story.
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Canadian miner Dundee Precious Metals has agreed to purchase UK-based Adriatic Metals for US$1.3 billion, adding the underground Vareš silver operation in Bosnia and Herzegovina to its portfolio. “Vareš is a logical fit with our portfolio, as it significantly increases DPM’s mine life while adding near-term production growth, a highly prospective land package, and cash flow diversification,” said David Rae,…
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