Newmont said it will sell its Akyem operation in the Republic of Ghana to China’s Zijin Mining Group under a definitive agreement, for cash consideration of up to $1 billion. The sale is part of Newmont’s ongoing program to divest non-core assets as the miner makes a strategic shift to focus on its Tier 1 assets. The transaction is expected…
Read MoreRio Tinto in Australia has signed a new agreement with UK refinery developer Green Lithium to develop a lithium supply chain, according to a Reuters report. The new collaboration is intended to secure critical battery metal supplies for the manufacturing and automotive needs in the UK and EU. “By building our refineries, we will accelerate the adoption of EVs and…
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Two environmental groups were victorious in a court case against the UK’s previous government’s decision to approve the country’s first underground coal mine in more than 30 years, reported the BBC. High Court Judge Justice Holgate said the assumption that the proposed West Cumbria Mining’s Woodhouse Colliery would not increase greenhouse gas emissions was “legally flawed.” The company had argued…
Read MoreFollowing delays from a fire as well reports of U.S. sanctions, Russia has reportedly opened its new Ozernoye plant next to its largest zinc mine. According to a Reuters report, operations began 3 September. The 2023 fire complicated the search to replace Western equipment destroyed in the blaze given the difficulty of procuring it due to sanctions imposed on Moscow…
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Sibanye-Stillwater has secured an additional 500 million euros (US$557.30 million) debt financing to complete the majority-owned Keliber lithium mine in Finland, reported Reuters. The South African producer said the financing, partly funded by the European Investment Bank (EIB), will help it bring the project to production in 2026. James Wellsted, spokesperson for Sibanye-Stillwater, said the company will continue to advance…
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England-based precious and base metals developer Adriatic Metals has reported that a fatal accident occurred on 14 August near the rescue station at the Rupice mine in Bosnia and Herzegovina. An employee of a local subcontractor sustained fatal injuries after their vehicle overturned. No other individuals were seriously injured in the accident. “The local authorities are conducting an immediate review…
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European engineering company representative VDMA has changed its name to VDMA Mining & Minerals, which it said will reflect the increasing importance of the processing of raw minerals. The new identity, which was formalized by the group’s board, will put VDMA’s focus not only on extraction, but also on sustainable processing. “The potential is enormous: more efficient separation of rocks…
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Sleipner Finland has signed a representation agreement with Komatsu Poland for innovative transport solutions for moving mining and construction machinery in the Polish market and making them more efficient. Sleipner said its DB Series lowbed trailers and E Series dollies make operations in mines and quarries significantly more efficient compared to traditional transfer solutions, such as driving on tracks or…
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Canadian miner Aya Gold and Silver has confirmed the completion of the first silver pour at its expanded Zgounder silver operation in Morocco.
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A partnership between Norge Mineraler AS and Betolar aimed at finding solutions to minimize carbon emissions in Norge Mineraler’s mining operations has bore fruit with its partnership for the creation of sustainable mining solutions in Norway. The pairing in Eigersund, which resulted from a recent memorandum of understanding (MOU), has the goal of supporting the green transition in Norge Mineraler’s…
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