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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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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Polymetals Resources said concentrate production is underway at its Endeavor silver-zinc mine in New South Wales. First shipments of zinc concentrate are planned for early July with silver-lead concentrate to follow. “Bringing the substantial Endeavor mine back to life over these past nine months at modest cost has been both challenging and rewarding for all involved,” said Polymetals Executive Chairman…
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The Indonesian government has revoked four mining operation permits in Raja Ampat, one of the country’s top tourist destinations, reported the Associated Press. The decision came after an investigation by the Ministry of Environment uncovered “several violations in the environmental context.” Minister for Energy and Mineral Resources Bahlil Lahadalia said none of the four companies had started nickel operations as…
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The board of directors for Oyu Tolgoi LLC has approved development work at the Mongolian copper mine to commence under an alternative plan, while engagement continues with Entrée Resources and the government on the transfer of licences to allow mining in a joint venture area.
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A New South Wales tin-lead-zinc mine has opted for greater sustainability, safety and efficiency with a digital upgrade to its fleet from RCT, powered by Epiroc. The suppliers said that, for years, the site has successfully operated a fleet of CAT 2900s using RCT’s analogue system. However, recently the operation opted to transition their fleet to a full digital system…
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Metso has been awarded a repeat order to deliver sustainable tailings filtration technology for the Huayou Group’s laterite nickel mine project in Indonesia. The order value, which was not disclosed, has been booked in the Minerals segment’s 2025 second-quarter orders received. The contract consists of the engineering, manufacturing and supply of 16 Larox FFP3512 filters, as well as advisory services…
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Rio Tinto and the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation have signed a co-management agreement for the iron ore operations on PKKP Country. It formalises how the miner and Traditional Owners engage on proposals affecting heritage and social surroundings throughout the mine lifecycle. “The destruction of the Juukan Gorge rock shelters on the 24th of May 2020 brought…
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Lynas Rare Earths has signed a non-binding memorandum of understanding for the supply of mixed rare earths carbonate (MREC) from Menteri Besar (MB) Inc., the strategic investment arm of the Kelantan state government in Malaysia. “This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia’s over a decade of rare earths industry expertise,…
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With the support of Enterprise Singapore, and in partnership with AI Singapore, BHP said it will open its first Industry AI Hub later this month in Singapore to accelerate digital transformation and AI adoption in the mining and resources sector. The hub will support the growth of BHP’s digital capabilities in Singapore and the region, with plans for a number…
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