Rep. Betty McCollum (D-Minn.) has reintroduced the “Boundary Waters Wilderness Protection and Pollution Prevention Act,” legislation would permanently protect 225,504 acres of federal lands and waters within the Superior National Forest from highly hazardous sulfide-ore copper mining, including a plan by a Chilean mining company to extract critical minerals from the Superior National Forest and sell them to China for…
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Newmont divests Éléonore gold mine
Newmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner’s plan to divest its non-core assets. Full story.
Read MoreMoxico to gain majority interest in Latin Metals’ Argentina projects
Latin Metals has entered into a binding letter agreement with Atlantic Metals, a wholly owned subsidiary of Moxico Resources, a private copper miner. Under the terms of the agreement, Latin Metals granted to Moxico the option to earn a 75% interest in its Esperanza and Huachi copper exploration projects in San Juan Province, Argentina, through staged cash payments in the…
Read MoreIntegrated Power Services closes on ABB business
Integrated Power Services (IPS), which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has finalized the acquisition of ABB’s Industrial Services business for an undisclosed amount, effective August 31. The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario,…
Read MoreAnglo American rejects BHP takeover bid
Anglo American has rejected BHP’s £31.1 billion ($39 billion) takeover offer, reported Reuters, for significantly undervaluing its rival. The mining giant has until May 22 to make a binding bid. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” Anglo Chairman Stuart Chambers said in a statement, adding that it diluted the value upside for Anglo’s shareholders…
Read MoreNewmont joins International Copper Association
The International Copper Association (ICA) has added its newest member, global miner Newmont Corporation, following an election to membership. The ICA board of representatives initially appointed the company as an addition to its ranks in December 2023. “We look forward to engaging with the ICA on their efforts to support safe and sustainable production of copper as an essential metal…
Read MoreMetso awarded major order for Chilean copper mine
Metso has been selected to deliver key concentrator equipment, including secondary cone crushers, for an undisclosed copper mining project in Chile. The value of the order is EUR 55 million (US$59.2 million), and it is booked in the Minerals segment’s first-quarter 2024 orders received. The delivery scope consists of high-capacity Nordberg MP1250 secondary cone crushers, MF Series vibrating screens and…
Read MoreThe Copper Mark hits major milestone
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 MoreGlencore to close Mount Isa copper mines
After 60 years of copper mining, Glencore said it will close the Mount Isa Mines’ underground copper operations (Enterprise, X41 and Black Rock) and copper concentrator in the second half of 2025. Full story.
Read MoreFortune Minerals, Rio Tinto to test critical mineral recovery
Fortune Minerals and Rio Tinto have signed a memorandum of understanding to develop technology that will improve recovery of cobalt and bismuth from Rio Tinto’s co-product streams to expand production of critical minerals. Full story.
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