| AROUND THE
WORLD - USA & CANADA |
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Argonaut Shareholders Approve Alamos Acquisition
Argonaut Gold shareholders have approved a special resolution authorizing a plan of arrangement, pursuant to which Alamos Gold will acquire all its common shares. In exchange, Argonaut shareholders will be entitled to receive 0.0185 of a Class A common share of Alamos and 0.1 of a common share .... read
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Canada Updates Critical Minerals List
Jonathan Wilkinson, Canada’s Minister of Energy and Natural Resources, announced that the country’s Critical Minerals List has been reviewed and updated following substantial consultations to focus efforts on developing robust critical minerals value chains. “By updating Canada’s Critical Minerals List, we are taking a proactive step to ensure that Canada’s efforts to seize the generational economic opportunity presented by our critical minerals wealth is well informed by the most accurate market trends ....read more
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CK Gold Reclamation Bond Accepted
U.S. Gold Corp. announced that its subsidiary, Gold King Corp., has received formal acceptance of the previously submitted reclamation bond, from the director of the Wyoming Department of Environmental Quality (WDEQ). With this acceptance, two of the three conditions associated with the recently granted surface gold mine permit or mine operating permit (MOP) for the CK Gold Project have been met. “WDEQ’s acceptance of the reclamation bond, along with the issuance of the water discharge permit, satisfies two of the three .... read
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| AROUND THE
WORLD - Latin America |
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GMIN Processes Ore at TZ
G Mining Ventures Corp. (GMIN) provided an update on commissioning progress at its Tocantinzinho gold project (TZ) in Brazil. TZ has been engineered to produce approximately 175,000 ounces per year (oz/y) of gold over its initial 10.5-year mine life and is on track and on budget for commercial production in H2 2024. Ore was introduced into the grinding circuit on June 10 after GMIN received the hot commissioning permit from the Pará State .... read
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Capstone Produces First Concentrate at MVDP
Capstone Copper Corp. reported first saleable copper concentrate at its Mantoverde Development Project (MVDP) in Chile, as the mine advances commissioning and ramps up to full production levels. The company expects to achieve nameplate operating rates during Q3 2024. “This achievement is a testament to our dedicated and skilled teams, who continue to work towards a safe and efficient ramp-up to nameplate operating rates. MVDP remains on track and on budget with our guidance previously disclosed,” ... read more
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| AROUND THE
WORLD - Australasia |
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Freeport Commissions New Indonesian Smelter
Freeport announced today that its Indonesian subsidiary, PT Freeport Indonesia (PT-FI), substantially completed construction of its new Manyar smelter in Gresik, Indonesia in June 2024 and has commenced commissioning operations. Freeport expects the smelter will begin producing copper cathodes in the coming …. read
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Rio Tinto to Acquire Larger Stake in Boyne Aluminum Smelter
Rio Tinto has agreed to acquire Mitsubishi Corp.’s 11.65% interest in Boyne Smelters Ltd. (BSL), which owns and operates the Boyne Island aluminum smelter in Gladstone, Australia. On completion of this transaction, and the recent agreement to acquire Sumitomo Chemical Co.’s 2.46% interest in BSL, Rio Tinto’s interest in BSL will increase to 73.5%. The acquisition, which is for an undisclosed price, is subject to various conditions, including approval from Australia’s Foreign Investment Review Board, and is expected …. read
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Ivanhoe Completes Construction of Kipushi Concentrator
Ivanhoe Mines said it has completed the construction and the restart of the historic ultra-high-grade Kipushi zinc-copper- lead-germanium mine in the Democratic Republic of the Congo (DRC), 100 years after it first operated, and 31 years since it was placed on care and maintenance. First feed of ore into the new ….
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Kombat Mine Achieves Commercial Production
Trigon Metals Inc. said it has achieved commercial production from the underground operations at its Kombat mine in Namibia. After restarting mining operations from the open pit in May 2023, the company commenced production from underground ahead of schedule, having announced underground training and the first blast on February 5, 2024. “Re-asserting Kombat as an underground copper-producing mine is a tremendous achievement for the operation, the company and our community,” said Rennie Morkel, president and COO .... read
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| AROUND THE WORLD - This Month in Coal |
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Anglo Fights Fire at Grosvenor Mine in Australia
Anglo American suspended production at its Grosvenor coking-coal mine in Queensland, Australia, following a methane ignition on June 29, 2024. Local media reports showed smoke billowing from the shaft of the longwall mine and the fire continues to burn. The site, which employs 1,400 .... read more
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Glencore Receives Approval to Acquire EVR
Glencore said on July 4 that it received approval from the Government of Canada under the Investment Canada Act (ICA) for the acquisition of a 77% interest in Elk Valley Resources (EVR) from Teck Resources. This was the final regulatory approval for the transaction, which was expected to close on July 11, 2024. EVR is expected to produce 24 to 26 million metric tons (mt) of metallurgical- grade coal in 2024 from four surface operations: Elk Valley, Fording River, Greenhills, and Line Creek. Last year, Teck’s met coal production ....
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Juhani Ristaniemi has been appointed as executive vice president, general counsel for the Outokumpu Leadership Team. Since joining the company in 2022, the company said he has demonstrated skill as a strategic partner in risk mitigation, ensuring compliance, and decision-making from a legal perspective.
Compass Minerals appointed Jeffrey Cathey as the company’s new CFO. Before joining Compass Minerals, he spent 10 years in positions of increasing responsibility at Crestwood Equity Partners LP, most recently as principal accounting officer.
Sierra Metals appointed Miguel Aramburu as chair of the company’s board. He currently serves on the boards of Stracon S.A.C., a mining contractor; Minsur S.A., a Peru-based mining and exploration company; El Comercio, a Latin American media conglomerate; and Visiva, an education conglomerate. Prior to committing himself to serving on corporate boards, Aramburu held the position of CEO of Hochschild Mining Plc.
Novagold Resources appointed Peter Adamek as vice president and CFO, following the retirement of the company’s long-serving CFO, David Ottewell. Prior to joining Novagold, Adamek served in progressively senior management roles at Hudbay Minerals Inc., including CFO for its Arizona business unit, before being appointed vice president, finance of Hudbay in 2019.
Golden Mineral President and CEO Warren Rehn announced his retirement. He joined the company in 2012 as vice president, exploration, and was promoted to president in spring of 2015 and to CEO in September 2015. Pablo Castaños , currently executive vice president, has been elected president and CEO of the company and was also appointed to serve as a director.
Matthew Zietlow has joined Liberty Gold as the director, regulatory affairs and sustainability, based in Idaho. He will be responsible for leading the mine permitting process for the company’s Black Pine project, with the objective of submitting the Mine Plan of Operations to the respective regulatory agencies by Q4, 2024. 
Paulo Costa, former head of FAM operations in the region, has been appointed as the new CEO of Beumer South America.
Superior Industries announces its current product manager of portable plants, Matt Voigt, has been promoted to the position of senior product manager.