Australia-based TerraCom has confirmed that the life of its flagship Blair Athol coal mine in Queensland has been extended to 2033, following an updated JORC Code Resource and Reserve assessment. “Blair Athol continues to demonstrate its strength as a long life, low cost and reliable operation, and remains a cornerstone asset for TerraCom. The 2025 JORC Code update reaffirms the…
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Ok Tedi Mining has officially commissioned its new Mine Operations Workshop, named “Workshop 50” in honor of Papua New Guinea’s 50th independence anniversary. The facility is purpose-built to support the maintenance of the miner’s recently introduced fleet of XDE 260 XCMG electric trucks. Workshop 50 represents a major step forward in strengthening Ok Tedi’s mining operations, offering increased capacity and…
Read MoreGlencore has confirmed it has reached a Heads of Agreement with the Australian and Queensland governments on an A$600 million support package that will keep operations continuing for the next three years at the Mount Isa copper smelter and Townsville copper refinery. The deal, made after eight months of constructive engagement with both governments, offers “greater certainty” for 600 workers…
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The Robe River Joint Venture, which comprises Rio Tinto (53%) and Japanese partners Mitsui Iron Ore (33%) and Nippon Steel (14%), has agreed to invest $733 million to develop the West Angelas sustaining project in Western Australia’s Pilbara region.
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Australian Prime Minister Anthony Albanese said he was concerned about a report that China’s state-owned China Mineral Resources Group (CMRG) had taken steps to pause purchases of iron ore cargoes from BHP, reported Reuters. A Bloomberg News report cited that CMRG had asked the country’s steelmakers and traders to pause purchases of BHP’s seaborne iron ore cargoes during annual price…
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Japan Gold said it and Barrick Mining have mutually agreed to end their strategic alliance agreement, effective October 31, 2025. The alliance was established in 2020 with the aim of jointly exploring, developing and mining certain gold mineral properties and projects in Japan, which have the potential to host Tier 1 or Tier 2 gold deposits. “Barrick’s involvement with Japan…
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Freeport-McMoRan said the remaining five workers who were missing following the September 8 mud-rush disaster at the Grasberg Block Cave mine in Indonesia have been found deceased. This follows the discovery of two bodies on September 20.
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Indonesia Investment Minister Rosan Roeslani said he expects the government to soon sign a deal with Freeport-McMoRan, which will give a local partner a 12% stake in its Indonesian unit, PT Freeport Indonesia, reported Reuters. State-owned holding company MIND ID owns 51% of PT Freeport Indonesia, which runs operations at the Grasberg minerals district. “This is just an administrative process…
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Kincora Copper has resecured the full rights of its Mongolian copper-gold portfolio following the withdrawal of Orbminco, formerly Woomera Mining, from a 2024 earn-in agreement as it shifts its focus to Australian gold exploration. The portfolio includes three extensive and underexplored copper-gold intrusive complexes at the Bronze Fox project, a year-round field camp and a proprietary Mongolia-wide project generation database.…
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Thiess has been awarded a two-year contract extension for mining and asset management works at Fortescue’s Iron Bridge magnetite mine in Western Australia’s Pilbara region. The extension builds on Thiess’ successful services at the mine from 2022. “We are delighted to extend our collaboration with Fortescue. Thiess has a long and proud association with Fortescue in critical mine development and,…
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