Swedish miner Boliden has entered into a definitive agreement with Lunding Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden for up to US$1.5 billion in total consideration. “The addition of two cash flow generative zinc and copper mines in Portugal and Sweden has a strong industrial logic as well as a strategic fit,” said…
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Doran Manufacturing has confirmed its integration with Digital Communications Technologies (DCT) to supply tire monitoring technology to be used in Chilean copper mines via DCT’s integrators in the region, Geoaustral and Cosmos Energy. The project is part of a safety initiative and will initially involve 36 trucks and off-road vehicles/equipment including loaders, articulated trucks, haul trucks and more at the…
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The Copper Mark, the leading assurance framework for responsible value chains of copper, said more than 30% of all globally mined copper now comes from sites meeting its standards. The milestone has been reached after all of Codelco’s mines and smelters were granted the Copper Mark, bringing the number of Copper Mark recipients to 54. Furthermore, the Copper Mark now…
Read MoreAustralian-headquartered MMG has confirmed the formation of a share purchase agreement (SPA) for the acquisition of the Khoemacau operation in Botswana, which it said is one of the world’s highest quality new copper mines. The deal, worth US$1.875 billion, was confirmed 21 November and gives MMG access to a long-life operation – in excess of two decades – in a…
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Kainantu Resources has agreed to terms for the acquisition of the remaining 90% interest in the May River project in Papua New Guinea from Hardrock Limited, giving the Asia-Pacific-focused miner full ownership and control. Full story.
Read MoreZambia’s Mopani Copper Mines has suspended operations at the South Ore Body Shaft in Kitwe, following a fatal accident, reported Reuters. “The incident happened at (the) 3360 feet level as a team of contractor employees were allegedly loading sludge into a stationary underground rail wagon. One contractor employee sustained fatal injuries in the process,” the miner said in a statement,…
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Mongolia has asked its partner Rio Tinto to stay within an estimated $7.06 billion budget for the Oyu Tolgoi copper and gold mine’s underground expansion, reported Reuters. Full story.
Read MoreAn executive for BHP has shared that the global miner plans to expand its presence in Peru through exploration of new copper projects, reported Reuters. Rag Udd, who heads the company in the Americas, told an audience at the Perumin mining conference in Arequipa, Peru, that BHP will invest $12 million on exploration in the next 10 months and that…
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A proposal to give Chile exclusive mining rights over lithium, hydrocarbons and rare earth metals as well as majority ownership of copper mines in the country has failed to pass the constitutional assembly, reported Reuters. The proposal, which faced strong opposition from the country’s mining industry, needed a supermajority of 103 votes to be included into the draft of a…
Read MoreBQE Water has teamed up under contract with miner Codelco to test its Sulf-IX sulphate removal technology and BioSulphide copper recovery process at several of the operator’s sites in Chile.
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