Golding Contractors, a wholly owned subsidiary of NRW Holdings, has acquired the mining services contract, associated fleet and transfer of the employees that HSE Mining has deployed to Stanmore Resources’ South Walker Creek coal mine in Queensland. The transaction, valued at $85 million, will be funded via NRW’s asset finance facilities. “I am delighted that NRW has been successful in…
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Barrick and its joint venture partner Zijin Mining, both of which own the Porgera gold mine in Papua New Guinea (PNG), have made a financial contribution to support the communities of the region following a landslide in the mine’s neighboring community of Mulitaka. The contribution of US$1 million, or Kina 3.8 million, is not the only help the miners have…
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Freeport Indonesia has raised its output guidance to 3.78 million metric tons for the year as it awaits an extension of its copper concentrate export permit, reported Reuters. Deputy CEO Jenpino Ngabdi said the output target was lifted assuming the permit extension is approved, which the government has promised. The miner also raised its 2024 refined copper output target to…
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Curtin University said it has been selected as the operator of Western Australia’s new GreenTech Hub, an initiative designed to accelerate green technologies and services across the state. The GreenTech Hub is a key component of the Cook government’s $40 million partnership with the Chevron-operated Gorgon Joint Venture, aimed at funding green technology and lowering carbon emissions. Innovation and the…
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Rio Tinto said it will invest A$215 million to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIron. The facility, located south of Perth in the Rockingham Strategic Industrial Area, will include a pilot plant that will be 10 times larger than its predecessor in Germany. It will also…
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Korean-based Trident Global Holdings has acquired the rights to three significant rare earth element mines in Vietnam, and is planning to develop all of them in collaboration with the Hung Hai Group. Trident, which will also undertake processing of these mines, said it is planning to secure the manpower, capital, technology, equipment, and other support for them as it plans…
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Australian miner Ramelius Resources said the Department of Energy, Mines, Industry Regulation and Safety gave its mining proposal for the Cue gold project in Western Australia the greenlight. Early works is expected to commence this month. Acquired by Ramelius in September 2023 from Musgrave Minerals, Cue is located 40 kilometres north of the Checkers Mill at Ramelius’ Mt Magnet gold…
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China Gold International Resources Group has resumed the second phase of processing plant operations at its Jiama copper-gold polymetallic operation in Tibet following an approval from the region’s government. The restart was marked 30 May; Jiama had been suspended since 27 March 2023 due to a tailings overflow at the Guolannggou dam. During the stoppage, the company actively carried out…
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China’s National Energy Administration said the country vows to further accelerate the “intelligent construction” of coal mines. The agency encouraged all coal-producing provinces, coal industry management departments, and relevant central enterprises to step up efforts to promote the intelligence transformation of major production processes at coal mines, and to support the stable supply of coal. Additionally, the agency advocated for…
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Barrick has reportedly confirmed that its Porgera gold operation in Papua New Guinea is running without restriction after a significant landslide hit the Enga province. A Reuters report said Barrick is reporting a 40-day fuel supply for the operation. The company has also offered its support to the survivors of the mountainside collapse, which happened 30 kilometres (18.64 miles) away.…
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