NSW Minerals Council CEO Stephen Galilee has confirmed, via the group’s annual member expenditure survey, that 29 participating NSW mining companies in the last financial year supported record levels of mining jobs and near-record levels of direct spending in the Australian state.
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In a move the company has called a Real Zero milestone, Fortescue confirmed it has commenced commissioning of two new battery-electric locomotives on its rail network for its Pilbara iron ore operations.
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Sandvik has signed an agreement to acquire South African-headquartered simulator and training company ThoroughTec Simulation in a deal with undisclosed terms.
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Greenbrier Minerals, a subsidiary of Coronado Global Resources, has announced plans to idle seven mining operations in southern West Virginia, eliminating 530 jobs, reported West Virginia MetroNews. Full story.
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Peabody Energy announced last week that the longwall panel at its Centurion hard coking coal operation in Queensland’s Bowen Basin has commenced operation about two months ahead of its initial target date.
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Rio Tinto has walked away from merger talks with Glencore, as the two miners couldn’t strike a deal that delivered sufficient value to shareholders, reported Reuters.
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Canadian miner Eldorado Gold confirmed on February 2 that it has reached an agreement to acquire Foran Mining, in a deal that the two said will create strong copper growth in the near-term as well as significant cash flow generation, long‑life assets, and a diversified portfolio.
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Silver producer Hecla Mining has agreed to sell its subsidiary, Hecla Quebec, to Orezone Gold for up to $593 million in total consideration. Through the transaction, Orezone will acquire the operating Casa Berardi gold mine and a portfolio of exploration properties in Quebec. Full story.
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Nearly 200 workers in West Virginia have been issued a layoff notice as Alliance Resource Partners confirmed late last week that its Mettiki Mountain View operation in Tucker County will close its doors. Full story.
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India-based producer Hindustan Zinc has awarded contracts to CIMIC Group companies Sedgman and Leighton Asia for the development of India’s first zinc tailings recycling facility at its flagship Rampura Agucha Mines (RAM) in Rajasthan. The Rampura Agucha facility will feature advanced processing techniques to recover metals like zinc and silver from previously processed tailings, transforming legacy waste…
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