Category: Breaking News

Komatsu’s Dawes Will Chair MINExpo 2020

The National Mining Association (NMA) announced that Jeffrey Dawes of Komatsu will chair MINExpo INTERNATIONAL 2020. A longtime leader within Komatsu and the industry, Dawes is vice president of Komatsu’s Global Mining Business...

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Fruta del Norte Exports First Gold Shipment

The Fruta del Norte mine exported its first shipment of gold concentrate from the Port of Guayaquil, in Ecuador, to the European market. The cargo that sailed on December 8 amounted to 177.9 tons of the ore. Production of this...

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Resolute Completes Roaster Repairs at Syama

Resolute reported that repairs to the sulphide roaster at its Syama gold mine in Mali have been successfully completed. The repair program was completed within the scheduled timeline, within the allocated budget, and without any...

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Cleveland-Cliffs Will Acquire AK Steel

Cleveland-Cliffs Inc. plans to buy all of the issued and outstanding shares of AK Steel Holding Corp.’s common stock. Upon completion of the transaction, valued at approximately $1.1 billion, Cliffs shareholders will own...

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Centerra Gold Suspends Operations at Kumtor Mine

Centerra Gold’s Kumtor mine, located in the Kyrgyz Republic, experienced a “significant rock movement” at the Lysii Waste Rock Dump in the morning hours of December 1. The mine initiated an emergency evacuation of all personnel...

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Freeport Completes Kokkola Sale to Umicore

Freeport-McMoRan (FCX) has completed sale of its cobalt refinery in Kokkola, Finland, and related cobalt cathode precursor business to Umicore for approximately $200 million in cash, including approximately $50 million of...

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Kinross Sells Royalty Portfolio to Maverix Metals

Kinross Gold sold its royalty portfolio to Maverix Metals for $74 million, which includes $25 million in cash and approximately 11.2 million Maverix common shares, representing a 9.4% ownership interest in Maverix. “This...

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Rio Tinto Will Invest $749M in Pilbara Iron Ore Mine

Rio Tinto has approved a $749 million investment in its existing Greater Tom Price operations (100% owned) to help sustain the production capacity of its world-class iron ore business in the Pilbara of Western Australia. The...

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