Anglo American’s falling shares fuel takeover rumours
Mining News Pro - Speculation about Anglo American (LON: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to fall.
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Visit: 106
Glencore deploys autonomous trucks at Lomas Bayas copper mine
Mining News Pro - After having implemented autonomous drills, Glencore’s (LON: GLEN) Lomas Lab introduced a full set of autonomous haul trucks at the Lomas Bayas copper mine, located in the Antofagasta region of northern Chile.
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Visit: 118
Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs
Mining News Pro - Miner and trader Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs, newspaper Australian Financial Review reported on Tuesday.
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Visit: 283
Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs
Mining News Pro - Miner and trader Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs, newspaper Australian Financial Review reported on Tuesday.
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Visit: 142
Iron ore price slump widens as China demand concerns mount
Mining News Pro - Iron ore futures slumped on Thursday on fresh concerns about China’s steel production curbs and recovery prospects for the struggling domestic property sector, with sentiment further dampened by flooding in the top steelmaking province of Hebei.
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Visit: 224
Record the lowest amount of graphite electrode consumption in the steelmaking area
Mining News Pro - The amount of electrode consumption in the steelmaking section of Mobarakeh Steel Company in April 2022 was 1.76 kg per ton of melt, which decreased to 1.60 kg per ton of melt in April of this year.
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Visit: 208
Hudbay Minerals to buy Copper Mountain Mining in $439m deal
Mining News Pro - Canadian miner Hudbay Minerals Inc said on Thursday that it would buy Copper Mountain Mining Corp in a $439 million all-share deal to boost its copper portfolio. The Copper Mountain Mine is located about 20 km south of Princeton, British Columbia and 300 km east of the port of Vancouver.
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Visit: 159
Trafigura plans to take large amounts of LME copper
Mining News Pro - Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe.
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Visit: 204
Construction of a measuring device for the amount of total and metallic iron in sponge iron in Khuzestan steel
Mining News Pro - With the presence of the CEO of Khuzestan Steel Company, a device for measuring the amount of total and metallic iron in sponge iron was unveiled. This device was built for the first time in the world with the efforts of engineers of Khuzestan Steel Company and the cooperation of a knowledge-based company.
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Visit: 147
Indonesia’s Adaro signs MoU with Hyundai for aluminum supply
Mining News Pro - The MoU was signed on the sidelines of the G20 summit in Bali, Indonesia.
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Visit: 414
Enormous Fine for Gelencore in Africa
Mining News Pro - Glencore traders hand delivered large quantities of cash to government officials, they sought to profit from political turmoil, and they inserted themselves into government-to-government deals that had been negotiated at preferential rates.
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Visit: 361
Autonomous driving boosts copper use in cars
Mining News Pro - New technologies in battery electric and hybrid vehicles and autonomous driving systems are expected to add an annual 344,000 tonnes of demand over the next decade.
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Visit: 520
Copper Mountain nearly doubles BC mine resource to 1.1 billion tonnes
Mining News Pro - Copper Mountain Mining has announced updated mineral resource and reserve estimates for its 75% owned copper mine located in southern British Columbia. Based on the new reserves, the company has also provided a revised life of mine plan that supports a mill expansion scenario to 65,000 t/d from 45,000 tonnes per day.
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Visit: 607
Copper price below $8,000 as slowdown fears mount
Mining News Pro - The copper price dropped to a fresh 17-month low on Monday as renewed lockdowns in China and the prospects of aggressive rate hikes stoked fears of global economic slowdown, denting demand for metals.
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Visit: 387
Imperial raises $32 million ahead of Mount Polley reopening
Mining News Pro - With plans to reopen the Mount Polley copper-gold mine northeast of Williams Lake, British Columbia, Imperial Metals (TSX: III) has completed a rights offering that will raise approximately C$41.million ($31.8m). The property was placed on care-and-maintenance in May 2019.
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Visit: 415
Contaminants affect invertebrates years after Mount Polley mine disaster
Mining News Pro - As Imperial Metals is making efforts to reopen its Mount Polley copper-gold mine in British Columbia, Canada, a recent study shows that contaminants from the tailings dam breach that took place at the operation in 2014 have been affecting local fauna for years.
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Visit: 642
Global autonomous mining truck population tops thousand mark, to reach 1,800 by 2025
Mining News Pro - The number of autonomous haul trucks in operation globally reached 1,068 by May 2022, representing an annual increase of 39%, according to figures tallied by GlobalData. The UK-based data analytics firm also expects this total to exceed 1,800 (a 70% increase on current levels) by the end of 2025.
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Visit: 495
Mountain Province discovers kimberlite in three target areas at Kennady North
Mining News Pro - Mountain Province Diamonds has released interim exploration results for its 100%-held Kennady North project in Northwest Territories, consisting of over 107,000 ha of claims and leases that completely surround the Gahcho Kué diamond mine.
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Visit: 781
Imperial Metals speeds up work to reopen Mount Polley copper mine
Mining News Pro - Imperial Metals is aiming to reopen its Mount Polley copper-gold mine in British Columbia, Canada, before the end of June, buoyed by high prices for the metal and a looming deficit.
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Visit: 455
Industry-first product supports autonomous mining operations
Mining News Pro - Dust control specialist Global Road Technology (GRT) is launching an industry-first platform developed specifically to support the optimal usage of autonomous vehicles and equipment across the mining sector.
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Visit: 296
Earth moves for Red Mountain
Mining News Pro - The earth is set to move for junior explorer Red Mountain Mining’s Mt Mansbridge heavy rare earth and nickel-cobalt-PGE project in Western Australia.
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Visit: 730
Europe’s Green Deal requires massive amounts of battery metals
Mining News Pro - A recent study by KU Leuven University shows that meeting the European Union’s Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of rare earth metals compared to Europe’s current use.
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Visit: 824
Mount Polley copper mine in British Columbia ramping up to restart this spring
Mining News Pro - Hundreds of workers who worked at the Mount Polley copper mine near Williams Lake in British Columbia are being recalled and new ones being recruited, as the mine ramps up for a spring restart, buoyed by high copper prices.
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Visit: 328
The Metals Company signs MoU for PFS on world’s first deep-sea nodule processing plant
Mining News Pro - The Metals Company, formerly Deep Green Metals, an explorer of lower-impact battery metals from seafloor polymetallic nodules, announced Thursday that it has signed a non-binding Memorandum of Understanding with Epsilon Carbon to complete a pre-feasibility study for a commercial-scale deep-sea nodule processing plant in India called Project Zero Plant.
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Visit: 388
Gold price approaching record high as Ukraine, inflation risks mount
Mining News Pro - Gold extended its blistering rally on Tuesday towards an all-time high as investors made a beeline for the haven metal on mounting fears about the Ukraine crisis and rising inflation.
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Visit: 706