Zimbabwe may sell 40% stake in a key gold mine to raise capital
Zimbabwe’s state-owned Kuvimba Mining House is broadening its search for equity partners and financiers for its gold and lithium mines in a bid to raise capital and expand mineral production.
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Visit: 48
Zimbabwe’s Kuvimba signs $310 million lithium mine deal
Zimbabwe’s state-owned Kuvimba Mining House has signed a $310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday.
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Visit: 70
Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Australian billionaire Gina Rinehart’s private company, Hancock Prospecting Pty Ltd., is considering the development of a $3.3 billion iron ore project in Western Australia.
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Visit: 35
Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia
Santacruz Silver Mining said on Tuesday that an employee at the Tres Amigos mine in Bolivia died after a small group of illegal miners unlawfully entered the mine and used explosives.
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Visit: 51
Rio Tinto hails another step closer to develop Serbian lithium mine
Mining group Rio Tinto welcomed on Tuesday the Serbian government’s reinstatement of its licence to develop Europe’s biggest lithium mine, in a potential boost to the continent’s electric vehicle industry.
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Visit: 31
UK’s first coal mine in 30 years faces climate court test
Climate groups called a decision to open the UK’s first deep coal mine in more than three decades unlawful, claiming that approval was granted without taking into account all the harmful emissions that it would produce.
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Visit: 29
Polish miner found alive after more than 48 hours trapped underground
A Polish coal miner trapped underground since Thursday was found alive by rescuers on Saturday, local media reported.
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Visit: 50
Lundin pitches BHP on joint bid for copper miner Filo
Lundin Mining Corp. has approached BHP Group about making a joint bid for copper miner Filo Corp., people with knowledge of the matter said, in a move that could solve fundraising needs for a neighboring project it wants to build.
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Visit: 49
Weak market for critical minerals seen dampening Western efforts to counter China
Low prices for critical minerals for the green energy transition, such as lithium, cobalt and rare earths, are curbing efforts by the West to fight the dominance of China in the sector, the CEO of US government-backed investment vehicle TechMet said.
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Visit: 54
Zambia says China’s JCHX will invest $300m in Lubambe copper mine
China’s JCHX Mining plans to invest $300 million to breathe new life into Zambia’s Lubambe Copper Mines which it recently acquired, Zambia’s state mining investment unit, ZCCM-IH said on Thursday.
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Visit: 48
One miner dead after tremor in Poland
One miner died and one was still trapped underground after a pit in southern Poland was struck by an earth tremor, mine owner PGG said on Thursday evening.
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Visit: 48
CMOC to double copper output at Congo mines to 1 million tonnes by 2028
CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.
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Visit: 36
CMOC to double copper output at Congo mines to 1 million tonnes by 2028
CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.
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Visit: 51
US miners push Washington to revive long-dormant Bureau of Mines
Mining trade groups plan to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at streamlining how the US government regulates and supports critical minerals production and timed to coincide with the 2024 presidential election.
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Visit: 56
Australian coal stocks rally on Anglo American mine explosion
Australian coal stocks are headed for their best week in years after a fire shut down one of country’s major mines, with Morgan Stanley seeing further upside for the commodity.
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Visit: 54
MMG halts zinc concentrate output at Dugald River mine
China’s MMG Ltd has halted operations at a mill at its Dugald River zinc mine in Australia for about two months of repair work, it said on Friday.
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Visit: 64
Canada sets high bar for approving large M&A deals in critical minerals
Canada on Thursday put the mining industry on notice that any major deals targeting the country’s producers of critical minerals would only be approved under “the most exceptional circumstances”.
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Visit: 37
Cyanide spill detected near Victoria Gold’s Eagle mine in Canada’s Yukon Territory
Canada’s Yukon Territory said elevated levels of cyanide were detected in a waterway near Victoria Gold Corp.’s Eagle mine after an equipment failure and landslide at the site.
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Visit: 52
First Quantum stock jumps on Panama plans for mine audit
Shares of Canadian miner First Quantum Minerals jumped 6% on the Toronto Stock Exchange in early trading on Tuesday, following news that Panama would conduct an environmental audit of the Cobre Panama mine to decide whether it can safely be reopened.
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Visit: 48
Ivanhoe sells new zinc mine’s output to Trafigura, China’s Citic
Ivanhoe Mines Ltd. will sell the zinc it produces from a large new mine in the Democratic Republic of Congo to Trafigura Group and China’s Citic Metal Co.
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Visit: 55
Anglo coking-coal mine blaze to have months-long impact
A fire at Anglo American Plc’s biggest metallurgical coal project in Australia halted production, with the miner saying it may take months for it to be extinguished. Anglo, which is seeking to sell the mine as part of a turnaround plan, fell as much as 4%.
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Visit: 59
Southern Copper flags progress at key Peru mine, share prices rise
Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, chief executive officer Oscar Gonzalez told local radio broadcaster RPP.
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Visit: 48
Congo’s Gecamines opposes deal for Trafigura-backed miner
Democratic Republic of Congo’s state-owned miner Gecamines said it will oppose the sale of Trafigura Group-backed miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
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Visit: 42
Vedanta set to regain control of Zambia copper mine
Vedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the coming years.
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Visit: 63
Vale expects to regain Onca Puma and Sossego copper mine licences
Vale has reached a deal with the state of Para to have the operating licenses of its Onca Puma nickel mine and Sossego copper mine reinstated, the Brazilian miner said in a securities filing on Thursday.
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Visit: 68