Category: Leading Developments

Cozamin Achieves Record Quarterly Production

Cozamin Mine achieved another record quarterly copper production of 14.1 million lb at $0.93/lb and attained targeted new run rate of 3,854 metric tons per day (mt/d). Production in the third quarter was 33% higher than in the...

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i-80 Acquires Ruby Hill

i-80 Gold Corp. closed on the Ruby Hill mine acquisition from Waterton Nevada for $75 million in cash and approximately 3.2 million common shares of i-80 Gold (Valued at $8 million), and future milestone payments of $67 million....

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Calibre Acquires Fiore Gold

Calibre Mining Corp. has entered an agreement to acquire the shares of Fiore Gold Ltd. The transaction will create a diversified, Americas-focused, growing midtier gold producer with targeted annual gold production of...

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Gold Royalty, Ely Gold Complete Combination

Gold Royalty Corp. (GRC) and Ely Gold Royalties Inc. completed their previously announced business combination by way of a plan of arrangement under the Business Corporations Act. “With four producing royalties, 57 royalties on...

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Vedanta Emerges as Large Buyer of Renewable Energy

By Ajoy K. Das Aiming to emerge as a leading producer of “green aluminum,” India’s Vedanta Aluminum Ltd. (VAL) has become the largest buyer of renewable energy in the first quarter of fiscal year 2021-2022 for its integrated...

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Arizona Gold, Golden Predator Approve Merger

Arizona Gold Corp. and Golden Predator Mining Corp. shareholders overwhelmingly approved all matters voted on at a special meeting held on August 25, including the proposed acquisition by Arizona of all of the outstanding common...

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Freeport Indonesia Moves Forward With Smelter

Metso Outotec signed a major engineering and technology contract as well as license agreements for the delivery of a landmark copper smelter complex to be built in Gresik, East Java, in Indonesia. The project owner is PT...

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Rio Tinto Launches Vaccination Blitz

Rio Tinto is partnering with the Western Australian Government to launch a COVID-19 vaccination blitz targeting communities in the Pilbara and the fly-in fly-out workforce. Vaccination hubs will be established in the Pilbara and...

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Vedanta Aluminium to Ramp Up Capacity

By Ajoy K. Das KOLKATA, India—Vedanta Aluminium Ltd. (VAL), an arm of Vedanta Resources Ltd., has earmarked capital expenditure of an estimated $300 million for the current fiscal year to expand its alumina refinery at Lanjigarh...

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Rusal Spins Out High-carbon Assets

En+ Group IPJSC, the world’s largest producer of low-carbon aluminum and independent hydropower, announced that its subsidiary UC RUSAL has proposed a spin out of its high carbon assets and to change its name to AL+. UC RUSAL...

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