Anglo American has agreed to sell its 33.3% minority interest in Jellinbah Group, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin A$1.6 billion (US$1.1 billion). Zashvin is an existing 33.3% shareholder in Jellinbah alongside Anglo American and Marubeni. “The cash proceeds of A$1.6 billion reflect the…
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Rio Tinto completed the previously announced acquisition of Sumitomo Chemical Co.’s 20.64% interest in the joint venture New Zealand Aluminium Smelters (NZAS) on 1 November, making it the sole owner. NZAS owns and operates the Tiwai Point aluminium smelter, located on Tiwai Peninsula in Southland. Around 90% of the aluminium produced there is exported. “We are pleased the acquisition of…
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Rio Tinto has confirmed that an employee from a contracting company has died following an accident on October 26 at the SimFer port site on the Simandou project in Morebaya, Guinea. “Our deepest condolences go to the family, friends, colleagues and communities affected by this tragedy. Our focus is on offering all possible support during this difficult time,” said Rio…
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PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT Delta Dunia Makmur Tbk (Delta Dunia Group), has successfully extended a coal mining contractor contract with PT Indonesia Pratama (IPR), a subsidiary of PT Bayan Resources (Bayan Group) on 23 October. The contract extension spans 11 years, starting in 2024, and will significantly increase total overburden removal to approximately…
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The Thiess-Khishig Arvin Joint Venture (TKAJV) has secured a new contract to provide mining services at the Oyu Tolgoi copper and gold project in Mongolia, marking TKAJV’s return to underground mining services. The deal, the value of which was not disclosed, also builds on the group’s recent successes with numerous underground construction projects, following the development of the mine’s 6.5-kilometre…
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Reuters has reported that the Kachin Independence Army (KIA) has taken control of a mining hub in Myanmar, likely disrupting shipments of rare earth oxides to China. The armed group has seized control of the towns of Panwa and Chipwe in Kachin state, adjacent to southwestern China’s Yunnan province. The news agency noted that rare earth mining areas in Kachin…
Read MoreNRW Holdings said its NRW Civil & Mining division has been awarded a development contract for BHP at the Jimblebar mine in the East Pilbara region, just east of Newman. The scope of the contract includes various civil, building, mechanical and electrical works to support sustainable production at Jimblebar. The project contract, valued at approximately A$109 million, will commence in…
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EACON Mining has partnered with Xichang Mining, a Baowu company, to automate operations at the Taihe iron mine in China – the company’s first iron ore project. In the first phase of the mine’s automation, EACON will provide its OEM-agnostic autonomous haulage solution (AHS) ORCASTRA for a fleet of six SANY electric mining trucks, each equipped with drive-by-wire systems per…
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China’s biggest coal miner – China Energy Investment – said it will spend CNY170 billion (US$24 billion) to build an integrated plant in the northwestern region of Xinjiang that will turn coal into oil products. Construction of the plant commenced this month. The core process is based on domestically developed, independently patented second-generation direct coal liquefaction technology, which will be…
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Philippines-based Semirara Mining and Power has disclosed plans to invest PHP291 billion (US$5.0 billion) for its coal mine expansion project in Semirara Island, Caluya, Antique, reported the Manila Standard. Semirara said in documents submitted to the country’s Department of Environment and Natural Resources that the investment would expand the existing Molave and Narra pits and the Acacia deposit. The project…
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