News - Mining Technology

Barrick Gold Q1 earnings slip on lower sales

Vasanthi Vara — Thu, 04 May 2023 08:16:33 +0000

The miner’s revenues were $2.64bn for the first three months of 2023, marking a 7% drop from $2.85bn in the prior year.

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Rio Tinto and BHP seek partners to develop tailings technologies

Vasanthi Vara — Thu, 04 May 2023 08:07:58 +0000

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Freeport Indonesia must sell 10% stake to government

Annabel Cossins-Smith — Wed, 03 May 2023 16:51:38 +0000

The government will seek the cheapest prices possible to increase its stake in Freeport’s Indonesian unit from 51% to 61%.

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Sohar provides $15m of funding for Omani Al Hadeetha copper-gold mining joint venture

Alex Donaldson — Wed, 03 May 2023 16:39:38 +0000

The money will be used to finance the completion of the project, which will be commissioned in September 2023.

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Hindustan Zinc’s plan to acquire Vedanta’s assets falls through

Vasanthi Vara — Wed, 03 May 2023 13:15:49 +0000

Earlier this year, Hindustan Zinc had offered $2.98bn in cash to acquire THL Zinc Ltd, Mauritius.

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Generation Mining reaches $400m debt deal to develop Marathon mine

Vasanthi Vara — Wed, 03 May 2023 12:34:38 +0000

The majority of the revenue from the Marathon mine will come from the sale of palladium.

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Hummingbird’s Guinea gold mine enters commissioning phase

Vasanthi Vara — Wed, 03 May 2023 10:31:21 +0000

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Atlas Lithium earns $20m through royalty sale to Lithium Royalty

Vasanthi Vara — Wed, 03 May 2023 10:24:29 +0000

Atlas Lithium secured the funding by selling a 3% gross overriding revenue royalty to Lithium Royalty.

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India’s NMDC in discussions with Hancock for lithium exploration

Vasanthi Vara — Wed, 03 May 2023 09:02:19 +0000

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Gold Fields and Osisko form JV to develop gold mine in Canada

Vasanthi Vara — Wed, 03 May 2023 07:52:32 +0000

Gold Fields will pay C$600m for its 50% partnership stake in the JV.

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Platinum price grows due to infrastructure issues in South Africa

Alex Donaldson — Tue, 02 May 2023 16:09:10 +0000

Power outages and transport strikes have hindered platinum mining in the world’s biggest producer.

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Illegal gold miners fatally shot in Brazilian indigenous territory

Florence Jones — Tue, 02 May 2023 13:43:23 +0000

The mine was ambushed by the authorities following an attack on indigenous communities, allegedly by miners.

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Coolabah Metals to acquire lithium properties in Canada

Vasanthi Vara — Tue, 02 May 2023 13:37:45 +0000

One of the four properties acquired by Coolabah is claimed to hold 58.4 million tonnes at 1.50% of lithium oxide.

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IGO signs farm-in deal for Venus’ WA nickel-lithium project

Vasanthi Vara — Tue, 02 May 2023 12:42:40 +0000

The Henderson project was known for its gold and nickel reserves, but recently it was recognised for its lithium reserves.

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Resolute publishes 2022 sustainability report amid expansion push

JP Casey — Tue, 02 May 2023 10:54:16 +0000

Resolute has published its latest sustainability report, aiming to highlight its sustainable compliance.

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BHP closes $6.4bn buyout of OZ Minerals

Vasanthi Vara — Tue, 02 May 2023 10:40:00 +0000

The acquisition is in line with BHP’s strategy to meet the increasing demand for copper and nickel from renewables.

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Zacapa acquires Kramer Hills gold mine in California, US

Vasanthi Vara — Tue, 02 May 2023 09:18:09 +0000

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Fortescue records first magnetite production at Iron Bridge mine

satarupa — Tue, 02 May 2023 08:03:00 +0000

The wet concentrate has been moved from the mine through a 135km slurry pipeline to Port Hedland.

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Peak Rare Earths to raise $18m for Tanzania project

satarupa — Tue, 02 May 2023 07:33:31 +0000

Around 55 million new shares will be issued in the two-tranche placement at $0.50 apiece.

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Australian Pacific Coal increases stake in Dartbrook JV

Vasanthi Vara — Mon, 01 May 2023 13:02:27 +0000

As per the revised agreement, Trepang will no longer hold any interest in Dartbrook mine.

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