B2Gold has entered into a purchase agreement with AngloGold Ashanti to acquire AngloGold’s 50% stake in the Gramalote project, located in the department of Antioquia, Colombia. Upon completion of the transaction, B2Gold will own 100% of the gold project. Historically, Gramalote has been advanced under a joint venture between B2Gold and AngloGold, which has led to analyzing the project on…
Read More
Essential element company Albemarle has received approval from the U.S. Department of Defense for $90 million in grant money to back the restart of the Kings Mountain mine in North Carolina. Full story.
Read More
Photo: Business Wire Piedmont Lithium said that the Minerals Income Investment Fund of Ghana (MIIF) has agreed to invest in the Ewoyaa project – set to be the country’s first lithium-producing mine. MIIF will invest US$27.9 million to acquire a 6% stake in Ewoyaa, as well as invest $5 million in Piedmont partner Atlantic Lithium. The project-level funding is expected…
Read More
Indonesia has requested trade talks with the United States to ensure that its exports of critical minerals are covered under the U.S. Inflation Reduction Act as it seeks to become a major EV manufacturer, reported Reuters. Under guidelines of the law, a certain amount of critical minerals in electric vehicle (EV) batteries are required to be produced or assembled in…
Read More
Generation Mining has agreed to sell its rights and interests of the Davidson property, which hosts a large molybdenum-tungsten deposit, in an option agreement to Moon River Capital as the Canadian miner focuses its attention on developing the Marathon palladium-copper project in northwestern Ontario. Full story.
Read More
A remote-controlled bulldozer is now ready for operation in the mines at Stjernøy, north of Norway, allowing producer Sibelco to increase production at the plant and achieve greater environmental benefits. Steer officials said the installed product, Steer Remote, allows the operator to manage the bulldozer, a Caterpillar D8, from an operator chair in the control room with video feed from…
Read More
MineHub has unveiled a predictive AI-based model to help customers improve visibility into critical raw material flows with reliable ETAs for all shipments. The Canadian-based group, a provider of digital supply chain solutions for the commodity markets, has launched Enhanced ETAs on its own platform. Enhanced ETAs is a meticulously built, robust model that calculates estimated time of arrival (ETA)…
Read More
Global lubricants supplier FUCHS Group has expanded its presence in South America with the full acquisition of Fuchs Lubricants SpA in Chile. The deal, made via a joint venture that will make the location a wholly owned subsidiary, was made 1 September. Fuchs Lubricants SpA was initially founded in 2018 when FUCHS acquired the lubricants business of Comercial Pacific in…
Read More
Epiroc has confirmed that it has joined together with Boliden, Algoryx and Orebro University with a shared goal of achieving autonomous face drilling. The equipment maker said the heart of the work for the involved parties will be the construction and employment of a digital twin of a mine – a simulated testing environment – for machine learning, thereby greatly…
Read More
Epiroc has won its largest-ever order from Kamoa Copper for the expansion of the Kamoa-Kakula Copper Mining Complex in the Democratic Republic of the Congo. Kamoa Copper has ordered Minetruck MT65 S haulers as well as Scooptram ST18 S loaders, Boomer 282 face drilling rigs, and Simba E70 S production drilling rigs. The machines have several advanced features, such as…
Read More