FLSmidth has entered into a share purchase agreement with Nrep and AG Gruppen to sell the land and buildings located at its corporate headquarters in Valby, Denmark, for DKK 730 million. The company has been based at Vigerslev Allé since 1899. Since 1956, the iconic red-brick buildings, designed by architect Palle Suenson, have served as home to the global business. …
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Canadian miner Dundee Precious Metals has agreed to purchase UK-based Adriatic Metals for US$1.3 billion, adding the underground Vareš silver operation in Bosnia and Herzegovina to its portfolio. “Vareš is a logical fit with our portfolio, as it significantly increases DPM’s mine life while adding near-term production growth, a highly prospective land package, and cash flow diversification,” said David Rae,…
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Australian mineral exploration company Resolution Minerals has entered into a binding agreement to acquire the Horse Heaven project in central Idaho. It hosts two highly prospective gold-antimony-tungsten prospects known as the Antimony Ridge and the Golden Gate fault zones. Under the terms of the agreement, Resolution Minerals will pay an aggregate cash payment of $1,000,000 and issue an aggregate of…
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MacLean Engineering has confirmed it and fellow firm Sika have formed a strategic collaboration aimed at delivering enhanced value to the underground mining and civil construction sectors.
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Volvo Construction Equipment (Volvo CE) said it is making a strategic investment in crawler excavator production at three key sites in South Korea, the United States and Sweden to meet growing customer demands, mitigate supply chain risks and reduce reliance on long-distance logistics.
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A study co-led by the University of Michigan says copper needs to cost about twice as much as it currently does to incentivize companies to develop new mines. It found that the copper needed even just to sustain typical economic and population growth far exceeds the amount of copper currently mined.
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Hexagon’s Mining division is taking an exciting step forward in AI-based drill automation with the purchase of Drill Assist from Arizona-based Phoenix Drill Control LLC. The Drill Assist technology developed by Phoenix Drill Control uses artificial intelligence to continually optimize the drilling process, resulting in improved penetration rates, greater machine availability and reliable downhole data. Hexagon EVP, Mining, Dave Goddard…
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Emphasizing major energy and economic implications, a new International Energy Agency (IEA) report identifies vulnerabilities over the next decade, notably for copper and other critical minerals. The 2025 edition of the IEA’s Global Critical Minerals Outlook finds that critical mineral markets have become more concentrated, not less, particularly when it comes to refining and processing. For copper, lithium, nickel, cobalt,…
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London-based Central Asia Metals has entered into a definitive Scheme Implementation Deed (SID) with New World Resources to acquire the Australia-based, North American-focused company for A$185 million. The acquisition will add the Antler copper project in Arizona (USA) to Central Asia Metals’ portfolio. “The addition of this high-grade copper project in a tier-one jurisdiction will significantly strengthen our portfolio. We…
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The Weir Group and CiDRA Minerals Processing recently signed a global collaboration agreement alongside a strategic investment by Weir in CiDRA’s mining business. This partnership will accelerate the commercialization and deployment of CiDRA’s P29 technology, which introduces an innovative mineral separation solution and unlocks novel flowsheet designs. Under the terms of the agreement, Weir and CiDRA will collaborate globally to…
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