Sukari underground makes switch to owner mining

Following an independent contractor tender process, gold producer Centamin has confirmed it will transition underground operations at its Sukari gold operation in Egypt from contractor mining to owner-operator mining, effective immediately. The company said in a regulatory filing that the adjustment will provide significant cost savings, and it also will improve its operational control and mining flexibility, including upskilling its…

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Open road for MMG copper mine

MMG announced that a blockade in the Ccapacmarca community of Peru, which has caused transport disruptions for its Las Bambas copper mine in the Chumbivilcas province, will be lifted for 45 days. During that time, the Peruvian government will follow-up requests including the territorial status of the public road, the process of the fourth amendment of the Las Bambas environmental…

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Schlam releases Hercules EXO dump body

Australian equipment producer Schlam has launched its newest product targeting increased payload as well as a longer service life, the Hercules EXO dump body. The 240-tonne class, iron ore-specific body comes in 20% lighter in weight than its previous Hercules release, along with a complete redesign. That reduced weight offers a greater payload potential, and the material selection made for…

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Newmont acquires Yanacocha interest

Newmont has confirmed it has inked a deal with Peruvian precious miner Compañia de Minas Buenaventura to acquire its 43.65% interest in the Minera Yanacocha gold mine in Peru. The $300 million transaction, which also includes contingent payments of up to $100 million hinging upon market pricing, will also allow Newmont to transfer its ownership interest in the La Zanja…

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Gazprom inks deal to advance Russian lithium project

Russian energy giant Gazprom said it has signed an agreement with the Russian government to cooperate on the production and processing of formation brines (saline groundwaters) at its Kovyktinskoye gas field in order to obtain lithium compounds and other valuable components. The parties agreed to work together in R&D activities aimed at creating domestic technologies, equipment and materials required to…

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