Photo: Resolute Mining Resolute Mining CEO Terry Holohan and two other colleagues are being held in Bamako, Mali, as the military-led government presses the Australian-based company to pay back taxes on its Syama gold mine, reported Business Insider Africa. The government insists that Resolute allegedly owes 100 billion CFA francs ($162 million) in taxes identified in a sector-wide audit, according…
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Following a strategic review, Mineral Resources has decided to place its Bald Hill lithium mine in the Goldfields region of Western Australia on care and maintenance due to market conditions. “Placing Bald Hill on care and maintenance is a prudent decision but one not made lightly. The decision aligns with the work we have done across the company in recent…
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A Rio Tinto executive said U.S. president-elect Donald Trump’s new administration should focus on speeding up the permitting process for its stalled Resolution copper mine in Arizona, reported Reuters. The mine could supply more than one-quarter of the country’s domestic copper needs. Full story.
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South Africa’s National Union of Mineworkers (NUM) said it had agreed a wage deal with Sibanye Stillwater’s gold operations after months of negotiations, reported Reuters. The miner agreed to increase monthly pay for its lowest paid workers by 900 rand ($50.91), while miners, artisans and officials would get a 5.5% raise, NUM said. The one-year agreement is set to be…
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New official data from China is reportedly revealing that iron ore imports in the country have been up this year through October, and in that month alone jumped 4.48% year-over-year on rises in steel margins.
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Rio Tinto said it is partnering with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia.
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Equinox Gold said its Greenstone mine in Ontario, Canada, has reached commercial production based on the operating progress achieved through October. At full production, the mine will be one of Canada’s largest and highest-grade open-pit gold mines.
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BHP said that comments made by its chairman during its annual general meeting did not mean the company has ruled out a renewed offer for Anglo American, reported Reuters. Chairman Ken MacKenzie said that the company had “moved on” to focus on growth opportunities. However, company officials said that “these comments were not intended to be a statement to which…
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Rio Tinto completed the previously announced acquisition of Sumitomo Chemical Co.’s 20.64% interest in the joint venture New Zealand Aluminium Smelters (NZAS) on 1 November, making it the sole owner. NZAS owns and operates the Tiwai Point aluminium smelter, located on Tiwai Peninsula in Southland. Around 90% of the aluminium produced there is exported. “We are pleased the acquisition of…
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The International Mining and Resources Conference and Expo (IMARC) has wrapped up for 2024 in Australia, and has announced a return next year to Sydney. This year’s event clocked a record 9,000 delegates from 115 countries over its three days, which it filled with networking, learning and deal-making. IMARC Chief Operating Officer Anita Richards said the event is a cornerstone…
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