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,…
Read More
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…
Read More
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…
Read MoreCaterpillar Inc. released its 2024 Annual and Sustainability Reports, showcasing the company’s notable strides advancing the business across all segments. The 2024 reports underscore Caterpillar’s commitment to building a better, more sustainable world, and highlight the collective efforts of global Caterpillar employees in meeting customer needs and achieving the company’s goals. “The reports detail Caterpillar’s investment of more than $30…
Read More
Komatsu and Ouster have signed a multimillion-dollar agreement to equip Komatsu’s autonomous mining offerings with advanced 3D digital lidar sensors. The deal provides a pathway to an upgraded autonomy stack to replace legacy 2D lidar systems. Komatsu’s autonomous solutions will incorporate a mix of long and short-range OS sensors from Ouster’s REV7 series to benefit future offerings to provide increased…
Read More
Saudi Arabia’s cabinet said it is set to discuss a potential agreement with the United States about cooperation in the mining and mineral resources sectors, reported Reuters. U.S. President Donald Trump has a planned trip to the Middle Eastern kingdom next week. Saudi Arabia has been rapidly expanding its mining sector as part of its Vision 2030 economic diversification program,…
Read More
In what its executives have called a world first, The Metals Company (TMC) has submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act (DSHMRA). CEO Gerard Barron said the company made the move after last month’s executive order from U.S. President Donald…
Read MoreJennmar, on behalf of its Jennmar Services (JMS) subsidiary, has acquired maintenance and repair services group Rohrig Heavy Equipment Maintenance. The transaction will expand the offerings of JMS, it said, bolstering its existing capabilities as a contract labor and customized industrial solutions that provides plant maintenance, trucking, excavation, reclamation, water transfer, fabrication and welding, steel erection, concrete services, and operations.…
Read More
The United States and Ukraine have reached a deal to create a reconstruction and investment fund that will give the U.S. access to Ukraine’s reserves of critical minerals and natural resources.
Read MoreRight Lane Industries, a privately-held industrial-holding company focused on “corporate carve-outs and other complex transactions,” said that it has signed an agreement to sell TerraSource Holdings LLC to Astec Industries for a purchase price of $245 million. Right Lane acquired a 51% interest in TerraSource from Hillenbrand Inc. in October 2021, and worked to enhance the scale, profitability and competitiveness…
Read More