An unnamed Indian miner and steelmaker has selected FLSmidth to supply a full flotation technology package for what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants. The OEM said the plant will be fed with domestic, low-grade iron ore where the FLSmidth flotation system will upgrade it to a final product…
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Barminco, the underground mining subsidiary of Perenti, has signed a new contract to continue underground mining operations at Gold Fields’ Agnew gold mine near Leinster, Western Australia. The new contract, valued at A$500 million, is for three years with an optional one-year extension. Services include underground development, production and related mining services. “We are very pleased to be extending our…
Read MorePeak Rare Earths said that Chinese rare earths producer Shenghe Resources will acquire the Australian firm for A$150.5 million, in addition to the full amount raised under Peak’s proposed A$7.5 million entitlement offer. Under the deal, the state-owned miner’s unit Ganzhou Chenguang Rare Earths New Material will buy Peak for a minimum of A$0.359 per share in cash, if the…
Read MoreThanks to RCT – Powered by Epiroc, Catalyst Metals has made the transformative move from analogue to digital operations at its Plutonic gold mine in North Meekatharra, Western Australia. The transition is not limited to new equipment but also includes comprehensive upgrades to existing machines, including Sandvik and Cat loaders with the implementation of RCT’s AutoNav package. The technology allows…
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Thiess has partnered with Norton Gold Fields and EACON Mining Technology to launch a tripartite partnership to deploy autonomous haulage systems through retrofit technology. The project will take place at Norton Gold Fields’ open-pit gold mines in Western Australia. “By adopting EACON’s autonomous truck technology, we aim to address the shortage of skilled drivers, reduce our operating costs, and enhance…
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Rio Tinto and Sumitomo Metal Mining have signed the final joint venture agreements to deliver the Winu copper-gold project in Western Australia following a December announcement of the partnership. Under the agreements, Rio Tinto will continue to develop and operate Winu, and Sumitomo will pay Rio Tinto up to $430.4 million for a 30% equity share of the project. This…
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C29 Metals, through its local subsidiary, has executed a binding heads of agreement (HOA) with Kazakhstan-based Bask International Group Ltd. that sets out the framework for an incorporated Joint Venture between the companies. The purpose of the JV is to enable the companies to work collaboratively to identify or acquire and develop advanced exploration projects across Kazakhstan. It will be…
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Anglo American has released a statement in regards to American coal producer Peabody Energy reviewing options related to its acquisition of Anglo American’s coal assets in Australia. The miner said it does not believe that the stoppage at its Moranbah North mine on 31 March constitutes a Material Adverse Change in accordance with the definitive agreements with Peabody. A small…
Read MoreThe Government of South Australia’s Department for Energy and Mining is seeking feedback on a range of potential improvements to the state’s Mining Act. The consultation seeks to ensure the Mining Act is fit for purpose and helps meet the demand in a way that, as it noted, “supports industry, community and environmental expectations.” The Mining Act 1971 and its…
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Komatsu Australia will now be serving Papua New Guinea customers after its acquisition of distributor UMW Niugini Limited. The business has been renamed Komatsu Niugini Limited (KNL). Sean Taylor, Komatsu Australia Managing Director, said the acquisition succeeded a change in ownership structure of the joint venture parties that previously owned UMW. The acquisition was completed on 1 May. “As a…
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