Glencore has abandoned plans to sell its 70% interest in Kazakhstan-based miner Kazzinc after potential buyers failed to match its valuation, reported Bloomberg. Sources familiar with the situation told the media outlet that Glencore has sent a termination letter to the unnamed bidders. Headquartered in Oskemen, Kazzinc is Kazakhstan’s largest producer of zinc, lead and precious metals. The company has…
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Testing, inspection and certification group SGS has signed a joint venture agreement with Saudi Arabian mining consultancy and explorer Golden Compass to open and operate a new geochemistry laboratory in the country. The lab will provide sample preparation and geochemistry analysis to the mining and minerals industry in Saudi Arabia and will boost its commitment to help develop the mining…
Read MoreEleven miners have lost their lives in a mine explosion in the Balochistan province of Pakistan, local officials are reporting to the Ghana News Agency and Khaama Press. The gas-fueled blast at the coal mine, located in southwestern Pakistan near Quetta, occurred on 3 June, suffocating all that had been working at the site. Government spokesperson Shahid Rind said the…
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Executives from Saudi Arabian miner Manara Minerals are in Islamabad, Pakistan, to continue talks about buying a stake in the country’s Reko Diq copper-gold project, reported Reuters. The news agency noted that Barrick Gold, which owns the project jointly with Pakistan, considers it as one of the world’s largest underdeveloped copper-gold areas. Located in Pakistan’s southwestern Balochistan province, Reko Diq…
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Australian-headquartered miner Alara Resources has completed the commissioning and commenced first concentrate production from the Al Wash-hi – Majaza copper-gold mine in Oman. Mine production is expected to ramp up over the coming two to three months toward a goal of 1 million tonnes annually. The miner said shipping of the first sale, about 1,000 dry metric tons of copper…
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U.S.-based SSR Mining has confirmed the suspension of operations at its Çöpler gold mine in Turkey following a heap leach pad slip. The company, which confirmed the slip was large but offered no further details on damage or injuries, said the incident occurred 12 February during the morning hours. No information is yet available on a restart timeline. Çöpler, 80%…
Read MoreMining company Vulcan Pelletizing has placed an order for a range of FLSmidth mineral processing technologies to be installed at their upcoming pelletization plant in Oman. The financial details of the transaction were not disclosed, nor was the identification of the customer. FLS did note that the technologies will both reduce water usage and drive operational efficiency for the facility,…
Read MoreMongolia’s top gold producer is about to be formed with the acquisition of Boroo Gold by Steppe Gold, the latter announced 22 January. Steppe officials said it has entered into a binding term sheet creating a producer in Mongolia with a near-term production target of 200,000 ounces per year, including the committed ATO Gold Mine Phase 2 expansion. Boroo Gold…
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Each with a eagle eye on environmental friendliness through CO2 capture, thyssenkrupp Uhde has signed a master agreement with Ma’aden (the Saudi Arabian Mining Company) for the development, engineering and licensing of a calcination plant for phosphogypsum processing. The purpose of the proposed plant, which will be located at Ma’aden’s Ras al Khair site in Saudi Arabia, will be to…
Read MoreSaudi Arabian Mining Company (Ma’aden) has discovered multiple gold deposits south of its existing Mansourah-Massarah gold mine in the central region of the Middle Eastern country, indicating the potential for expansion, reported Reuters. Ma’aden said that the finds, along a 100-kilometer (62-mile) strip, were the first from an exploration program launched in 2022. Samples taken indicated the presence of high…
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