Rio Tinto will sell a 30% stake in its Winu copper-gold project in Western Australia to Japan’s Sumitomo Metal Mining Co. for $399 million, reported Bloomberg. “This is a unique opportunity to derisk our investment,” said Katie Jackson, Rio’s chief executive of copper. “We look forward to working more broadly as strategic partners to find new ways to deliver value…
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FLSmidth has received an order for the delivery of two of the world’s largest high pressure grinding rolls (HPGRs) for an iron ore concentrator in India. “This new order further expands our market leading position for HPGR technologies. I am obviously very pleased about this. To us it is a clear vote of confidence from customers – both towards the…
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Ok Tedi Mining Limited has launched the first and largest front wheel loader in Papua New Guinea: a Cat 995 Large Wheel Loader. The new machine will allow the miner to increase production capacity and meet growing market demands. “The Cat 995 is up to 23% more productive than the Cat 994 Wheel Loader, while the company has been using…
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The Australian Renewable Energy Agency (ARENA) has announced a A$10 million grant to Fortescue to develop a six-megawatt fast charger unit for heavy mining equipment. The funding has been awarded under the Australian Government’s Industrial Transformation Stream, part of the Powering the Regions Fund. Building on an existing 3-MW prototype, the ‘Fast Charger for Heavy Battery Electric Vehicles’ project will…
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An Indian government source told Reuters that the country is in talks with Mongolia to set up a preliminary pact that will focus on mineral shipments between the two Asian nations. “The pact with Mongolia will focus on transit of minerals” such as coal and copper, said the source, who did not want to be identified as the deliberations are…
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The Chamber of Minerals and Energy of Western Australia said it welcomed an announcement of a relief package for the state’s lithium producers. “Falling lithium prices have forced a growing number of lithium operations to suspend or cease operations over the past 18 months,” said CME Chief Executive Officer Rebecca Tomkinson. “However, we know lithium remains a key commodity for…
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Gold miner Spartan Resources has received key regulatory approvals for the mining and processing of underground ores to proceed at its Dalgaranga gold project in Western Australia. “With these final approvals now in hand, we are excited to move ahead with the next phase of development of the Dalgaranga project and advance systematically toward a production re-commencement, in the process…
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Fortescue intends to purchase over 100 pieces of zero emissions heavy mobile equipment under a deal with Chinese manufacturer XCMG with a potential value of more than US$400 million. This marks XCMG’s largest contract outside of China for mining equipment and will see battery electric wheel loaders, wheel dozers, water carts, float prime movers and graders delivered to Fortescue’s Pilbara…
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Services company SRG Global has secured multiple contracts with existing mining clients across Western Australia. The company has entered into a five-year term contract for maintenance services associated with the continuous enhancement of Bauxite Residue Disposal Area embankments as well as other civil services with South32 at the Worsley Alumina bauxite and alumina refinery operations in the southwest region of…
Read MoreHelix Resources, via subsidiary Leichhardt Resources, has entered into separate binding letter agreements with OD4 Tom Price Pty Ltd and Omni GeoX Pty Ltd, respectively, to acquire a 51% interest in a portfolio of Western Australia projects in the Bryah Basin. Under the terms of the agreements, Helix has the right to earn up to a 90% interest in each…
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