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.
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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…
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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,…
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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 MoreThe 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…
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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…
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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…
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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.
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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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Greater support for copper mining and meeting growing demand were both behind Solvay’s expansion of its Mount Pleasant, Tenn., facility, a project that has now been completed. The project, first announced in December 2021, included a 20% boost in its line capacity for its ACORGA copper solvent extraction products. ACORGA, ACORGA NR and ACORGA OPT have all seen increasing demand…
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