Latin Metals has entered into a binding letter agreement with Atlantic Metals, a wholly owned subsidiary of Moxico Resources, a private copper miner. Under the terms of the agreement, Latin Metals granted to Moxico the option to earn a 75% interest in its Esperanza and Huachi copper exploration projects in San Juan Province, Argentina, through staged cash payments in the…
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OEM Komatsu said it will be enhancing its presence in Peoria, Ill., with the construction of a new office building that will include collaborative spaces for engineering, sales, manufacturing, management and other functions. Full story.
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Newmont said it will sell its Akyem operation in the Republic of Ghana to China’s Zijin Mining Group under a definitive agreement, for cash consideration of up to $1 billion. The sale is part of Newmont’s ongoing program to divest non-core assets as the miner makes a strategic shift to focus on its Tier 1 assets. The transaction is expected…
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Rio Tinto has entered a definitive agreement to acquire Arcadium Lithium for $6.7 billion. The transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminum and copper operations to…
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The National Institute for Occupational Safety and Health (NIOSH), part of the Centers for Disease Control and Prevention (CDC), has released the draft Hazard Review: “Wildland Fire Smoke Exposure Among Farmworkers and Other Outdoor Workers.” It is open for public comment until November 12.
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Southwest Critical Materials, an affiliate of private equity firm Kinterra Capital, has successfully acquired the Pumpkin Hollow copper project in Yerington, Nev., from Nevada Copper.
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On October 5, Burkina Faso’s President Ibrahim Traoré made public comments regarding the possible withdrawal of certain mining permits for companies operating in violation of the laws of the country. IAMGOLD said it is not aware of any potential challenge to, or withdrawal of, its permits for the Essakane gold mine. “IAMGOLD continues to have a constructive and positive working…
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At the recent MINExpo International show, Sandvik underscored its commitments to reduce CO2 emissions and further develop its underground truck portfolio by showcasing its 60-plus-ton Toro diesel-electric truck demonstrator equipped with a box manufactured with SSAB Zero steel. Sandvik’s flagship large trucks, Toro TH663i and Toro TH551i, are now available with optional dump boxes made with SSAB Zero steel. The…
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Eastern Platinum Limited (Eastplats) has advanced the commissioning activities of its platinum group metals (PGM) processing plant at its Crocodile River mine in the Bushveld Complex in northeastern South Africa and has commenced run-of-mine ore processing from underground operations. CEO and President Wanjin Yang said commissioning of the processing plant (Circuit B) is ongoing, and the plant has begun processing…
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Ero Copper’s Tucumã operation is without power following a localized and severe windstorm in the Carajás Mineral Province in Pará State, Brazil, but positively reports no injuries to its workforce. Executive David Strang said there was also no infrastructure damage from the October 5 storm. “The regional power grid, including the main 230kV transmission line servicing the region, sustained damage…
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