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…
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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The Trump administration has moved forward with a proposed land swap for the Resolution Copper project in Arizona. The U.S. Forest Service said it has issued a legally required 60-day notice of the agency’s intent to republish an environmental report needed for the swap to occur. Full story.
Read MoreGoldgroup Mining announces that it has begun a “high-impact” exploration program at its Cerro Prieto gold mine in Sonora. Full story.
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Gainwell Engineering Private Limited (GEPL) has delivered the first-ever domestically manufactured room and pillar mining equipment package to esteemed Indian customer Eastern Coalfields Limited. The equipment, which the company said marks a significant milestone for the nation’s manufacturing and coal mining sector, is what Gainwell has called a furthering of India’s efforts to establish itself as a global hub for…
Read MoreSearch efforts are still underway for as many as 17 workers still trapped at a small gold mine in northern Peru. The operation, according to Reuters, was allegedly attacked by suspected illegal miners on 12 January that may have been the workers’ rivals. Segundo Armas, mayor of the Pataz district in the region of La Libertad, did not confirm the…
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Maptek has announced its Maptek Vestrex ecosystem for automation and orchestration is open for early access customers, following a successful demonstration of the release at MINExpo International in September. Vestrex creates extraordinary value by making connections between diverse data sources without constraints of product, application, process or format. Data in the cloud encourages stakeholders across mining roles, teams and organisations…
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Mining and construction operators in North America can now reduce pump wear by up to 70% and halve maintenance costs with an intelligent monitoring and control solution, according to Xylem. Designed for dewatering in harsh environments, Xylem’s Flygt Pareo solution reduces equipment life cycle costs and improves the reliability and safety of pumping operations by making any traditional dewatering pump…
Read MoreCincinnati Mine Machinery (CMM) Company made quite the splash at MINExpo International 2024, not only for its presentation and 100th anniversary celebration, but for its presentation of a $100,000 contribution to the Tunnel to Towers Foundation. Full story.
Read MoreCanadian producer Cerro de Pasco Resources has entered into a share purchase agreement with Peruvian investment group FIC03 Fondo de Inversión Privado (FIC03), part of Finanzas e Inversiones Corporativas, to sell its Santander zinc mine in Peru. The deal was made for $2 cash and a variable price of up to $10 million. This will be paid from the commercial…
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