Silvercorp Metals has signed a non-binding term sheet to acquire Celsius Resources for A$56 million. Celsius’ advanced-stage Maalinao-Caigutan-Biyog copper-gold project in the Philippines will move Silvercorp into being a diversified precious-base metals producer. Full story.
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Almonty Industries said that plans are now well advanced to reopen its Los Santos tungsten mine in western Spain, which has been in planned care and maintenance since 2020, via the retreatment of tailings. The Canadian-based miner has been undertaking studies into the re-commencement of production from Los Santos utilizing its flotation technology developed for the Sangdong tungsten mine in…
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American Lithium has received the first of three permits from Peruvian authorities for discovery and exploration drilling near Quelcaya, a few kilometers west of the miner’s Falchani hard rock lithium deposit. The company said drilling would commence immediately on priority targets. “This is a very significant development for the company which validates recent supportive comments from the new government in…
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Gold miner St Barbara said it will not engage further with Silver Lake Resources regarding a A$707 million bid for its Leonora assets in Western Australia citing a lack of synergies and cash offering. Instead, it will continue to back a A$600 million proposal for the same assets from Genesis Minerals. Full story.
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BHP and the Chilean state-owned Codelco have signed a five-year collaboration agreement that will focus on the accumulated experience of both miners in innovation projects focused on strengthening the sustainability of its operations. Full story.
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Micromine recently visited Prominent Hill mine in South Australia to see its mine control and fleet management solution, Micromine Pitram, at work in the field. Full story.
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Metso has been selected by Zijin Mining Group to supply crucial plant equipment for its concentrator at the Julong copper project in China’s Tibetan Autonomous Region. Full story.
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A high-efficiency electric drive system helps to reduce fuel consumption, lower greenhouse gas emissions and total cost of ownership in the first diesel electric underground load-haul-dump (LHD) loader from Caterpillar, the new Cat R2900 XE LHD. The machine, which meets the underground mining industry’s needs for bigger payloads, faster loading and reduced emissions, is built on the platform of Caterpillar’s…
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Aura Minerals said production at its Almas open-pit gold mine in the state of Tocantins, Brazil, has commenced. The mine and plant are currently in operation and the miner expects to achieve commercial production by July. “We have hit a major milestone in our company history today with the start of production of our first ever greenfield project completed in…
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Lithium exploration company Medaro Mining said it plans to carry out a strategic reorganization of its assets through which it would spin-out its interest in Global Lithium Extraction Technologies (GLET) into a newly created entity.
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