American Lithium said it has made the decision to pursue a “spin-out” of its Macusani uranium project in Peru into an independent public company. The company views a spin-out of the project into a stand-alone vehicle as the preferred route to generate value for American Lithium and its shareholders from the continued development of the large-scale uranium project. Additionally, the…
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OZ Minerals said it will collaborate with fellow miners Boliden and Rio Tinto to unlock new and innovative technologies for managing tailings. Read the full article.
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Caterpillar has released new bolt-together buckets for underground loaders that can lower assembly and transportation costs as well as reduce downtime on machines. Offering the same strength and durability as standard buckets, the Cat bolt-together buckets for Cat load haul dump (LHD) does not require skilled maintenance operators for underground welding, resulting in a reduced safety risk. The design allows…
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Komatsu recently revealed that it placed an advanced longwall automation system at Arch Resources’ Leer mine in northern West Virginia. Read full article.
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Glencore has reached an agreement with the Democratic Republic of Congo covering all present and future claims arising from alleged acts of corruption by the miner in the DRC between 2007 and 2018. Under the agreement, Glencore International AG, on behalf of its Congolese-associated companies, will pay the DRC US$180 million and will continue to implement the Ethics and Compliance…
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Australian-based Fortescue Metals Group said Fiona Hick will join the global green energy and resources company as chief executive officer of its Metals group in February 2023. Read full article.
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President Joe Biden signed legislation on December 2 to block a national U.S. railroad strike that could have caused major harm to supply chains and the economy. Read full article.
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First Majestic Silver has entered into a royalty purchase agreement dated November 25 to sell a portfolio of eight royalty interests in Mexico to Metalla Royalty & Streaming for a total consideration of $20 million in common shares of Metalla. Read full article.
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China’s Ningbo Lygend Resources Technology has awarded Metso Outotec with an order for 25 thickener units for its nickel laterite HPAL (high pressure acid leaching) project on Obi island in Indonesia. Read full article.
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Workers at BHP’s Escondida mine in northern Chile have accepted a new offer from the global miner and will not move forward with a planned strike over safety concerns, reported Reuters. The Sindicato No. 1 union said that 1,495 members out of the 1,902 who voted accepted the new proposal from BHP. “This proposal contains a series of concrete and…
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