| AROUND THE
WORLD - USA & CANADA |
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South32 Board Approves $2.16B Investment for Hermosa Project
South32’s Hermosa project, currently the only advanced U.S. mining project capable of producing two federally designated critical minerals (zinc and manganese), received board approval of $2.16 billion in funding to develop the zinc-lead-silver deposit. The approval represents the largest private .... read
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NMG Secures Financing to Underpin Phase 2
After signing offtake agreements with Panasonic Energy and General Motors (GM) for $25 million each, Nouveau Monde Graphite Inc. (NMG) has rallied Mitsui & Co., Ltd. and Pallinghurst for $87.5 million to advance the Matawinie mine and Bécancour battery material plant in Québec toward commercial operations. Panasonic Energy and GM signed multiyear, binding offtake agreements for 18,000 metric tons per year (mt/y) of graphite. The two offtake agreements account for 85% of NMG’s planned Phase-2 ....read more
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Fortitude Acquires Two High-grade Gold Deposits
Fortitude Gold has acquired two separate gold properties in Nevada’s Walker Lane district: the Dauntless gold property, which includes the historic Weepah gold mine, located in Esmeralda County, 30 km southwest of Tonopah; and the Intrepid claim package, located in Mineral County, 10 km north west of Mina. The 2,105-acre Dauntless land package has seen historic high-grade gold production from both open pit and underground workings with undeveloped drill intercepts, including 16 meters of .... read
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| AROUND THE
WORLD - Latin America |
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Anglo Adds Iron Ore Capacity at Minas-Rio in Brazil
Anglo American has agreed to acquire and integrate Serra da Serpentina, a high-quality iron ore resource owned by Vale SA, into its Minas-Rio mine in Brazil. Anglo American will continue to control, manage and operate the Minas-Rio operation, including any future expansions related .... read
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Sierra Obtains Operating Permit for Yauricocha
Sierra Metals said it has received the required permit to develop and mine below the 1120 level at its Yauricocha mine in Peru. “This permit is a game-changer for Yauricocha and a key pillar to support the overall growth strategy for Sierra Metals,” said Ernesto Balarezo, CEO, Sierra Metals. “The ore body below the 1120 level is vast and is expected to allow us to raise throughput rates back to full mill capacity of 3,600 metric tons per day, representing an increase of approximately 40% from current levels; lower operating costs given ... read more
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| AROUND THE
WORLD - Australasia |
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Plant Operators are Taking a Hard Look at Soft Sensors
According to a recent report from the University of Queensland’s Sustainable Minerals Institute, internation al interest in soft sensor technology from its Julius Kruttschnitt Mineral Research Centre (JKMRC) is growing as operators seek options for improving process insight and control without …. read
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Metals Acquisition IPO Raises $211M
Metals Acquisition Ltd. (MAC) completed its heavily oversubscribed initial public offering (IPO) in Australia and is now dual listed on the ASX and NYSE, which raised an additional A$325 million ($211 million). The implied market cap of MAC following the IPO is A$1.18 billion, making MAC’s ASX listing the largest mining listing on ASX in more than 5 years. The proceeds will be used to further develop the company’s CSA Copper mine near Cobar in New South Wales, Australia to pay a deferred payment due to the previous owner of the CSA Copper mine …. read
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Miners Tackle Difficult Topics at Cape Town Indaba
Mining continues to engage with the many difficult issues that affect the future of the industry and broader society, judging by the topics and turn-out at this year’s Investing in African Mining Indaba in Cape Town. “The event remains a forum for productive, if challenging ….
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Terrorists Attack B2Gold Convoy in Mali
B2Gold Corp. reported that three of its employees were killed and several others were wounded when an employee transport convoy from the Fekola mine was attacked by terrorists in Mali. Traveling with a Malian gendarme escort, a bus transporting B2Gold employees from the Fekola mine to Bamako was attacked approximately 75 km west of Bamako. All of the wounded including gendarmes were transported to a local hospital. The attack occurred more than 300 km northeast of the Fekola mine site .... read
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| AROUND THE WORLD - This Month in Coal |
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South32 Sells Illawarra Met Coal Complex in Australia
South32 Ltd. is selling its Illawarra Metallurgical Coal to GEAR M Illawarra Met Coal Pty Ltd, which is owned (70%) by Golden Energy and Resources Pte Ltd (GEAR) and (30%) by M Resources Pty Ltd. for a total cash consideration of $1.65 billion. The transaction consists of an up front cash consideration of $1.05 billion, payable .... read more
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CONSOL Shifts More Coal to Export Markets
CONSOL Energy sold 26 million tons in 2023 and reported $858 million related to operating activities. During Q4 2023, the Pennsylvania Mining Complex (PAMC) produced 6.6 million tons and shipped 6.8 million tons. The Itmann complex sold 159,000 tons and improved its contracted position to 571,000 tons for 2024. PAMC improved its contracted position to 22 million tons in 2024 and 13 million tons in 2025. “We delivered a strong operational performance to close out our third consecutive year of production ....
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Freeport-McMoRan appointed Kathleen L. Quirk as president and CEO, June 2024. Richard C. Adkerson will remain chairman of the board.
Newmont Corp. completed its COO transition following a five-month handover period. Rob Atkinson will transition all of his remaining responsibilities to Newmont’s new COO Natascha Viljoen. He will then officially step down in early May.
Capstone Copper appointed Óscar Flores as the new general manager of the Mantoverde Complex.
Western Copper and Gold Corp. appointed Sandeep Singh as CEO. He was previously the president and CEO of Osisko Gold Royalties. Western Copper and Gold Corp. is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory.
Compass Minerals promoted Gordon Dunn to COO. He was leading the company’s U.K. operations since January 2012. Dunn succeeds George J. Schuller Jr. who had served as the company’s COO since September 2019.
Highland Copper Co. named Barry O’Shea as its CEO. He joined the company in February 2022 as its CFO and was appointed interim CEO in October. Prior to Highland, he was the CFO of Fiore Gold Ltd. 
Rómulo Mucho has been appointed as the new Minister of Energy and Mines of Peru.
Avalon Advanced Materials appointed Scott Monteith as CEO. He has been serving as the company’s interim CEO since May 2023. Avalon is a Canadian company focused on vertically integrating the Ontario lithium supply chain.