Canadian-based, Papua New Guinea-focused gold producer K92 Mining said mining activity at its Kainantu gold operation in the Eastern Highlands province is progressing normally after a large earthquake hit the region earlier this month. Read full article.
Read MoreGlencore has entered into a 10-year alumina supply and aluminium offtake agreements with Malaysian-based Press Metal Bintulu, one of the leading global producers of green aluminium. Read full article.
Read More
Australian miner Nickel Industries said that based on an updated JORC-compliant mineral resource, its Hengjaya mine in Indonesia is “amongst the top 10 global nickel resources.” Read full article.
Read MoreIn response to an increasing demand for OTR tyres in Middle East Africa, Magna Tyres has opened its newest office in Kolkata City. Read full article.
Read More
Nickel miner PT Vale Indonesia has signed an investment deal with China’s Shandong Xinhai Technology and a unit of China Baowu Steel Group to develop a processing plant on Sulawesi, Indonesia, reported Reuters. Read full article.
Read More
One week after coming to an agreement in principle, Rio Tinto has entered a binding agreement to acquire full ownership of Turquoise Hill Resources – picking up the 49% remaining stake it does not already own – in a deal worth C$43 per share cash, or about $3.3 billion. Read full article.
Read More
Producer Nordgold has brought new power to its Lefa mine, one of the largest gold operations in Guinea, with the launch of a new 33-megawatt power plant. The US$30 million project was designed and constructed by Chinese manufacturer and service company SUMEC, part of the China National Machinery Industry Corporation (SINOMACH). The heavy fuel oil (HFO) facility replaces a prior…
Read More
Canadian-based Almonty Industries has confirmed that its Sangdong tungsten mine under construction in South Korea is stable after receiving some of the heaviest rains in the region in decades. The company said that, in the three days between 9 August and 11 August, the operation received more than 220 millimetres (about 8.7 inches) of rain. “The entire length of the…
Read More
Engineer Monadelphous has been retained to erect surface infrastructure at the Oyu Tolgoi underground project in Mongolia’s South Gobi region – just one of multiple new contracts for the firm. Read full article.
Read More
Thai state-owned energy company PTT has signed a deal to divest its Indonesian coal business for US$471 million to Astrindo Nusantara Infrastruktur, an investment company focused on energy infrastructure. Read full article.
Read More