Canadian-based Sierra Metals has reported that its Yauricocha underground mine in Peru has reached a full capacity throughput rate of 3,600 tonnes per day since the beginning of the fourth quarter. “Since receiving operating and environmental permits to develop and mine below the 1120 level at Yauricocha earlier in 2024, the team has done a terrific job developing this new…
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Newmont has agreed to sell its Cripple Creek & Victor operation in Colorado to SSR Mining for up to $275 million in cash consideration. The mine is expected to add 170,000 ounces in annual gold production to SSR’s platform. Full story.
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Ok Tedi Mining Limited has launched the first and largest front wheel loader in Papua New Guinea: a Cat 995 Large Wheel Loader. The new machine will allow the miner to increase production capacity and meet growing market demands. “The Cat 995 is up to 23% more productive than the Cat 994 Wheel Loader, while the company has been using…
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The Australian Renewable Energy Agency (ARENA) has announced a A$10 million grant to Fortescue to develop a six-megawatt fast charger unit for heavy mining equipment. The funding has been awarded under the Australian Government’s Industrial Transformation Stream, part of the Powering the Regions Fund. Building on an existing 3-MW prototype, the ‘Fast Charger for Heavy Battery Electric Vehicles’ project will…
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Superior Industries Inc. announced the grand opening of a new crushing manufacturing facility in Morris, Minn., its headquarters and hometown since the company was founded in 1972. Full story.
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The Weir Group has confirmed it will supply its Warman slurry pumps and Cavex hydrocyclones to Teck’s Highland Valley Copper Mine Life Extension (MLE) project in Canada, including North America’s largest mill circuit pump. Full story.
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Silvercorp Metals and JV partner Salazar Resources said the Provincial Court of Bolivar, in the province of Ecuador where the El Domo project is located, dismissed an appeal against the project’s environmental license. This affirms the rights of its Ecuadorian subsidiary, Curimining, to continue construction of the copper-gold project. Additionally, the Canadian-based miner announced the repayment of US$13.25 million previously…
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Services company SRG Global has secured multiple contracts with existing mining clients across Western Australia. The company has entered into a five-year term contract for maintenance services associated with the continuous enhancement of Bauxite Residue Disposal Area embankments as well as other civil services with South32 at the Worsley Alumina bauxite and alumina refinery operations in the southwest region of…
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Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Full story.
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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…
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