Rio Tinto has walked away from merger talks with Glencore, as the two miners couldn’t strike a deal that delivered sufficient value to shareholders, reported Reuters.
Read MoreRio Tinto, Glencore merger talks collapse
Author: Miners News
West Virginia Coal Show announces job fair, wellness checks
As preparations continue for the third annual West Virginia Coal Show, scheduled for March 31-April 1 at the Charleston Coliseum and Convention Center in Charleston, W.Va., organizers have announced the return of an industry job fair and a mobile health clinic from Appalachian Regional Healthcare (ARH). Workforce West Virginia, partner of the American Job Center network, is returning for a second…
Read MoreNRW wins Rio Tinto bulk earthworks contract
NRW Civil & Mining secured a bulk earthworks contract by Rio Tinto for its West Angelas Sustaining Project (WASP) in Western Australia, marking another important milestone in NRW’s long-standing partnership with the miner. The contract, valued at A$175 million, encompasses the bulk earthworks to provide access to five new mining satellite pits at the West Angelas operation, which includes haul…
Read MoreAustralian government launches Critical Minerals Prospectus
The Australian government has launched the new Australian Critical Minerals Prospectus, including 49 mines and 29 midstream critical minerals processing projects ready for investment. The Prospectus is an important tool for drawing in investment from around the world, to create jobs and new supply chains of critical minerals with partner nations. “Australia’s abundant deposits of critical minerals, alongside the expertise…
Read MoreCiDi, Zoomlion collaborate on fleet
Recently, 40 Zoomlion ZT160HEV hybrid mining trucks equipped with CiDi’s autonomous driving system were successfully delivered to an unnamed coal mine in Xinjiang, China, reported Zhitong Finance. To date, CiDi has deployed over 120 unmanned trucks to the operation. The delivery of these 40 autonomous trucks represents the outcome of deep collaboration and joint efforts between CiDi and Zoomlion. The…
Read MoreBoonray secures BYD investment
Autonomous truck supplier Boonray recently nailed down a RMB 100 million ($14.4 million) investment from BYD that will allow the pair to jointly advance new energy and intelligent technologies across heavy industries. According to CnEVPost, Shanghai-based Boonray Technology and the global new energy vehicle (NEV) and battery technology leader will conduct research and development together to fast-track domestic and international…
Read MoreBougainville rejects Chinese partner for Panguna mine
The Pacific island of Bougainville has rejected a partnership with Chinese miner CMOC to reopen the Panguna gold-copper mine, instead opting to deal with Indian company Lloyds Metals & Energy, reported Reuters. Panguna, formerly operated by Rio Tinto, was once a major export earner for Papua New Guinea but closed in 1989 due to civil war. According to the news…
Read MoreEldorado Gold acquiring Foran
Canadian miner Eldorado Gold confirmed on February 2 that it has reached an agreement to acquire Foran Mining, in a deal that the two said will create strong copper growth in the near-term as well as significant cash flow generation, long‑life assets, and a diversified portfolio.
Read MoreNETL aids U. of Wyoming in critical minerals academy
The U.S. National Energy Technology Laboratory (NETL) is helping to create the Critical Minerals Leadership Academy (CMLA) with the University of Wyoming School of Energy Resources, with the latter serving as host to the event. Full story.
Read MoreHecla Mining sells Casa Berardi to Orezone Gold
Silver producer Hecla Mining has agreed to sell its subsidiary, Hecla Quebec, to Orezone Gold for up to $593 million in total consideration. Through the transaction, Orezone will acquire the operating Casa Berardi gold mine and a portfolio of exploration properties in Quebec. Full story.
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