Jennmar, a FalconPoint Partners portfolio company, has acquired SSAB’s expandable rock bolt production facility in Virsbo, Sweden. The strategic deal establishes a substantial Jennmar presence in the European market. “This acquisition marks a significant milestone for Jennmar, strengthening our capabilities within the hard rock mining sector while also expanding our global reach and bringing our operations to the European market,”…
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Barrick’s Loulo-Gounkoto mining complex in Mali, which remains restricted from shipping its gold, has now been issued an interim attachment order as it continues to eye a potential stoppage at the complex should the situation continue. The attachment order, it said, is against the existing gold stock on site, which further prevents its export and disrupts normal operations. Barrick believes…
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Mongolia said it has reached a preliminary agreement with France’s Orano Mining Group to develop a long-awaited uranium mining project in the Dornogovi province, reported Reuters. The Zuuvch Ovoo project, with an initial investment of $500 million and a total investment of $1.6 billion, will start its preparatory phase from 2024 to 2027, with first production expected in 2028, the…
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Swedish miner Boliden has entered into a definitive agreement with Lunding Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden for up to US$1.5 billion in total consideration. “The addition of two cash flow generative zinc and copper mines in Portugal and Sweden has a strong industrial logic as well as a strategic fit,” said…
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Hummingbird Resources has reached commercial production at its Kouroussa gold operation in Guinea and has now turned its attention to optimising mining operations, plant throughput, and feed grade to achieve steady-state production over the coming months. Company officials said that the mine’s average production over the last month has been about 1,900 ounces, a little below the miner’s targeted 2,000-2,500…
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Snells Entreprenad AB has reached an agreement with SANY dealer, Nordkust Maskin AB, to purchase battery-powered haul trucks, which could become the first fully electric trucks used in a Swedish mine. The trucks will be used to transport raw materials at state-owned miner LKAB’s operation in Svappavaara. Earlier this summer, Snells entered into a four-year agreement with LKAB for raw…
Read MoreMiners at Ukraine’s DTEK Energy reportedly put 18 new coal mine faces into operation between January and October 2024, and plan to commission eight more before the end of the year, per an Interfax-Ukraine news agency report. The outlet, which cited the company’s statement, said DTEK was able to accumulate the needed fuel stocks to get through the autumn-winter season…
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The UK government said legislation will be introduced to restrict licences for new coal mines as it embraces a clean energy future. Britain became the first major economy to stop burning coal for power in October, with the closure of the country’s last coal-fired power station at Ratcliffe on Soar, following 50 years of service. This means coal has gone…
Read MoreEero Mäkinen (1886-1953), a pioneer of the Finnish mining industry and one of the key inventors of flash smelting, has been inducted into the National Mining Hall of Fame. The induction ceremony took place in Denver, Colo., on November 2. Mäkinen played an important role in the development of the modern mining industry in Finland. During his career, he made…
Read MoreEuro Sun Mining has inked a binding memorandum of understanding with Glencore International giving the latter right of first refusal for an offtake of all future concentrate from its Rovina Valley project in Romania. The Toronto-headquartered junior, which is advancing the project to be one of Europe’s largest copper gold properties, also gave Glencore the right to nominate one director…
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