The Tasmanian government has issued a $7.5 million loan to Group 6 Metals for its struggling Dolphin tungsten mine on King Island, reported ABC News. This dovetails the government recently acquiring 12% of the company’s shares after Group 6 couldn’t repay a previous loan. A government spokesperson said the new loan was approved because the mine is “critical” for regional…
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With the support of Enterprise Singapore, and in partnership with AI Singapore, BHP said it will open its first Industry AI Hub later this month in Singapore to accelerate digital transformation and AI adoption in the mining and resources sector. The hub will support the growth of BHP’s digital capabilities in Singapore and the region, with plans for a number…
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London-based Central Asia Metals has entered into a definitive Scheme Implementation Deed (SID) with New World Resources to acquire the Australia-based, North American-focused company for A$185 million. The acquisition will add the Antler copper project in Arizona (USA) to Central Asia Metals’ portfolio. “The addition of this high-grade copper project in a tier-one jurisdiction will significantly strengthen our portfolio. We…
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In a push to strengthen U.S. energy and manufacturing security, the U.S. Energy Department confirmed the designation of metallurgical coal as a critical material under the Energy Act of 2020. Full story.
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West Red Lake Gold Mines said its board of directors has approved management’s recommendation to restart its flagship Madsen gold mine in Ontario immediately. Full story.
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Solidus Resources said it is the recipient of a Letter of Interest from the Export-Import Bank of the United States (EXIM) regarding the potential financing of up to $835 million for the Spring Valley gold project in Pershing County, Nev. Full story.
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An unnamed Indian miner and steelmaker has selected FLSmidth to supply a full flotation technology package for what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants. The OEM said the plant will be fed with domestic, low-grade iron ore where the FLSmidth flotation system will upgrade it to a final product…
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Following shareholder approval, Toronto-headquartered Barrick Gold has completed its name change to Barrick Mining Corporation and Société minière Barrick in French. Full story.
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C29 Metals, through its local subsidiary, has executed a binding heads of agreement (HOA) with Kazakhstan-based Bask International Group Ltd. that sets out the framework for an incorporated Joint Venture between the companies. The purpose of the JV is to enable the companies to work collaboratively to identify or acquire and develop advanced exploration projects across Kazakhstan. It will be…
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The United States and Ukraine have reached a deal to create a reconstruction and investment fund that will give the U.S. access to Ukraine’s reserves of critical minerals and natural resources.
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