Rio Tinto has agreed to pay $138.75 million to settle a lawsuit that accused the miner of defrauding investors by concealing problems with its underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. The lawsuit sought damages on behalf of shareholders of Turquoise Hill Resources between July 2018 and July 2019, when it was majority-owned by Rio…
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Metso is expanding its rubber and Poly-Met wear parts production capability in Australia. The OEM said it is installing a mega-class press at its Canning Vale production facility in Western Australia, which is specifically designed to produce large Megaliner mill liners. “Our customers have already responded very positively to the advantages of local support with our Karratha service center, which…
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Lynas Rare Earths has confirmed first production of terbium oxide (Tb) at its advanced materials plant near Kuantan, Malaysia. This is the second separated heavy rare earths oxide to be produced at Lynas Malaysia this year. “Together with dysprosium oxide (Dy), which was first produced on our new heavy rare earths production line in May, Lynas can now supply customers…
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Australia-based Native Mineral Resources said it remains on track for first gold pour by the end of July at its Blackjack gold project in Charters Towers, Queensland, following staged commissioning. “We are approaching a major operational milestone as the Blackjack project moves closer to production. Key activities across the site – from plant energisation and commissioning to mining readiness –…
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BHP’s Copper SA has partnered with Australia’s largest rail freight operator Aurizon to deliver an integrated rail, road and port logistics solution through four contracts, supporting its copper operations in South Australia over the next decade. The contracts are valued at approximately A$1.5 billion. Under the arrangements, the transport of copper concentrate and cathode from BHP’s Olympic Dam, Carrapateena, and…
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Polymetals Resources said concentrate production is underway at its Endeavor silver-zinc mine in New South Wales. First shipments of zinc concentrate are planned for early July with silver-lead concentrate to follow. “Bringing the substantial Endeavor mine back to life over these past nine months at modest cost has been both challenging and rewarding for all involved,” said Polymetals Executive Chairman…
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The Indonesian government has revoked four mining operation permits in Raja Ampat, one of the country’s top tourist destinations, reported the Associated Press. The decision came after an investigation by the Ministry of Environment uncovered “several violations in the environmental context.” Minister for Energy and Mineral Resources Bahlil Lahadalia said none of the four companies had started nickel operations as…
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Native Mineral Resources has finalised commissioning activities at its Blackjack gold project in northern Queensland, and is targeting first gold pour by the end of next month.
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Bowen Coking Coal announced that its flagship Burton Mine Complex in Queensland will transition to an owner-operator model upon expiration of an existing mining services agreement with BUMA Australia on 30 June 2025.
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After a successful series of inspections across the state’s west and northwest, the Victoria Earth Resources Regulator said it is on its way to sites in the Mitchell, Macedon Ranges and Mount Alexander shires between 18 and 20 June.
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