Category: Leading Developments

OZ Earns 51% Interest in West Musgrave Project

OZ Minerals has earned a 51% interest in the West Musgrave nickel-copper project in Western Australia from Cassini Resources following an investment of $22 million. The project is located 30 kilometers (km) from Jameson, Western...

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RNC Finds High-grade Gold at Beta Hunt

RNC Minerals has discovered multiple occurrences of exceptionally high-grade, coarse gold at its Beta Hunt gold-nickel mine south of Kambalda, Western Australia. Mining has been ongoing at Beta Hunt for 45 years by several...

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Dugald River Gathers Pace, Las Bambas Back on Track

MMG Ltd. announced its third-quarter 2018 production result producing 121,926 metric tons (mt) of copper and 57,595 mt of zinc in the three months to September 30. “The Dugald River ramp up continues to track ahead of schedule,...

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Vale Converts Brucutu Trucks to Autonomous

Vale reported in mid-September that it is converting to fully autonomous haulage-truck operations at its Brucutu iron ore mine in Minas Gerais state, Brazil. Seven 240-metric-ton (mt)-capacity haul trucks at the mine already run...

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Century Mine Reopens

The official reopening of the New Century Resources Ltd.’s Century mine started on September 14. The opening was marked with a formal event on site, with the New Century team welcoming guests from state and federal government,...

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Cliffs Completes Sale of Asia-Pacific Assets

Cleveland-Cliffs has closed the sale of its Asia Pacific Iron Ore assets to Mineral Resources Ltd. (MRL) at the end of August. With the transaction, Cliffs’ previously disclosed costs of closing the Australian operations were...

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Leagold Implements Optimization Plans

Leagold Mining reported second-quarter 2018 results and updated 2018 guidance for its four producing gold mines: the Los Filos mine in Mexico, which the company acquired in April 2017, and the Riacho dos Machados (RDM), Fazenda...

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Quellaveco Project Gets Go-ahead

Anglo American announced in late July it will proceed with development of its 60% owned Quellaveco copper project in the Moquegua region of southern Peru. The project has an expected capital cost of $5 billion to $5.3 billion...

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Inalum Buys Rio Tinto’s Interest in Grasberg

Rio Tinto, PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoRan (FCX) have signed a non-binding agreement relating to the future ownership of the Grasberg mine in Indonesia. Under the terms of the agreement, Inalum will...

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BHP Selling Cerro Colorado Copper Mine

BHP has entered into an agreement to sell the Cerro Colorado copper mine in Chile to private equity manager EMR Capital for a total cash consideration of $230 million, plus approximately $40 million in proceeds from the...

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Osisko Commits $180M to Falco Horne 5 Project

Falco Resources Ltd. announced a financing transaction with Osisko Gold Royalties Ltd. where Osisko has agreed to commit $180 million through a silver stream toward the funding of the development of Falco’s Horne 5 Project....

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