Canadian gold producer B2Gold has entered into a definitive agreement to acquire all of the issued and outstanding shares of Sabina Gold & Silver for C$1.1 billion. Read full story here.
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Japanese petroleum company Idemitsu Kosan has agreed to sell its 85% stake in the Ensham coal mine in Queensland, Australia to Sungela, a Thungela Resources subsidiary, for A$340 million, reported Reuters. Full article.
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Private investment company Menar and its subsidiary Canyon Coal are making inroads for the development of a new coal operation in Hendrina, Mpumalanga province – a mine that could commence operations as soon as the second half of this year.
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Orica has announced the release of its latest OREPro 3D Predict modeling software that predicts blast movement in near real-time and optimises grade control value. Over 30 years of Research and Development (R&D) coupled with significant cloud-based computing power have led to the creation of OREPro 3D Predict software, a near real-time blast movement simulator and grade control polygon optimizer…
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In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
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Salt Lake City-based private rare earth developer U.S. Critical Materials has revealed it has discovered a billion-dollar “game-changer” for the industry in Montana: the highest-grade REE deposit in the United States. Full story.
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Metso Outotec has announced an expansion to its filter assembly plant in Suzhou, China, citing a rise in global market demand. Full story.
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Papua New Guinea-focused miner Ok Tedi (OTML) has graduated its newest classes from its graduate development scheme (GDS) and preferred area development (PAD) programs. Full story.
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Barrick said Kibali, Africa’s largest gold mine, is on track to replace its reserves beyond the ounces depleted by mining in the prior year, while new growth opportunities will support its 10-year-plus mine plan. Mark Bristow, Barrick president and chief executive, said Kibali’s orebody was continuing to deliver additional value with current drilling focused on converting resources into reserves and…
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Peruvian miner Buenaventura has reported the suspension of operations at its Julcani mine after protesters entered and destroyed part of its facilities. Officials said in a statement to Reuters that, as just the latest miner to be impacted by ongoing and widespread protest activities against the government, the silver mine has been vandalized. The miner did not indicate the specific…
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