| AROUND THE
WORLD - USA & CANADA |
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Manh Choh Pours First Gold
Contango ORE, Inc. reported that the Manh Choh mine, a joint venture with Kinross Gold subsidiary Peak Gold, poured first gold at the Fort Knox mill in Alaska. “From the first discovery hole to pouring the first bar of gold, it has certainly been a journey, but one that sets us up for future success,” said Rick Van Nieuwenhuyse, president and CEO for Contango .... read
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Integra Merges With Florida Canyon Gold
Integra Resources Corp. has proposed a merger with Florida Canyon Gold Inc. (FCG) in an all-share transaction valued at approximately $68.6 million. The transaction will create a Great Basinfocused gold and silver producer with gold production of approximately 70,000 gold equivalent ounces per year (oz/y AuEq) from the Florida Canyon gold mine, coupled with two development- stage assets, the DeLamar and the Nevada North projects. Under the terms of the Transaction, FCG shareholders will receive 0.467 of a common share ....read more
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Montana Dismisses Bad Actor Lawsuit Against Hecla
Hecla Mining Co. said the “bad actor” lawsuit impacting its Libby Exploration Project in Montana was dismissed because of the recent retirement of the company’s former CEO Phil Baker. On July 11, 2024, the Montana First Judicial District Court dismissed a lawsuit filed by environmental groups and tribes against the Montana Department of Environmental Quality (MDEQ) alleging that Baker was a “bad actor” and as a result, MDEQ should deny exploration and mining permits to Hecla’s subsidiaries. The plaintiffs alleged that .... read
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| AROUND THE
WORLD - Latin America |
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Michiquillay to Start Construction Works in 2027
The Peruvian Vice Minister of Mines Henry Luna confirmed that the Michiquillay copper megaproject will start construction in 2027. This announcement was made in an interview with Diálogos Mineros, a program produced by the Peruvian Institute of Mining Engineers (IIMP). Michiquillay was initially explored by Anglo American and privatized in the 1990s. More recently, the project was .... read
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GMIN Pours First Gold at Tocantinzin
G Mining Ventures Corp. (GMIN) completed its first gold pour at the Tocantinzinho gold project (TZ), which yielded approximately 440 ounces (oz) of gold. The company said the project remains on track for commercial production in the second half of 2024. Once in commercial production, TZ will become Brazil’s third-largest primary gold mine. “TZ has achieved the significant milestone of the first gold pour, less than two years after the formal construction decision,” said Louis-Pierre Gignac, president and CEO, GMIN. “The team ... read more
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| AROUND THE
WORLD - Australasia |
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Westgold Gets Approvals for Karora Acquisition
Karora Resources Inc. obtained a final order from the Ontario Superior Court of Justice in Canada approving Westgold Resources’ plan to acquire all of Karora’s shares. Westgold Resources previously reported that Karora shareholders have approved the merger between Westgold and Karora at Karora’s annual shareholder meeting …. read
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BHP Produces Record Levels of Iron Ore
BHP published an operational review for the year ended June 30, 2024. “We finished the year with a strong fourth quarter, achieving several production records, and we are meeting current production and unit cost guidance for all commodities,” said BHP CEO Mike Henry. Henry said the company’s Western Australia Iron Ore division continued its strong performance, delivering a second consecutive year of record production on the back of ongoing incremental improvements along its supply chain as we progress toward its …. read
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Vedanta Regains Control of Konkola Copper Mines
Vedanta Resources Holdings Ltd. today confirmed that it has paid $245.75 million in line with its commitment under the scheme of arrangement for Konkola Copper Mines (KCM). This paves the way for the reinstatement of the board of directors of KCM and the return of full management control to Vedanta, which is necessary, Vedanta said, before it ramps ….
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Multotec Showcases Innovations at Electra Mining Africa 2024
Multotec will showcase its latest innovations at Electra Mining Africa 2024, running from September 2-6. The company, which has been a regular participant since 1973, will present a variety of products aimed at improving efficiency and performance in mining and industrial sectors. Key offerings include the H450 Conturbex centrifuge .... read
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| AROUND THE WORLD - This Month in Coal |
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Glencore Will Continue to Mine and Sell Coal
Following its acquisition of a 77% interest in Elk Valley Resources (EVR) from Teck Resources in July, Glencore asked its shareholders whether they should retain its coal business or spin it off. A majority of the shareholders said they believed retaining the business was in the company’s best .... read more
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Alliance to Slow ILB Output
Alliance Resource Partners, L.P., said its total revenues for Q2 2024 decreased 9% quarter-to-quarter to $593 million due to transportation delays and reduced coal sales. The loss in revenue was partially offset by an increase in Appalachian coal prices, which rose 3.8% to $65.30/ton compared $62.93/ton during Q2 2023. “Coal sales volumes during the quarter were impacted by flooding on the Ohio River delaying barge deliveries,” said Joe Craft, chairman, president, and CEO, ALRP. “Rail and port logistics were disrupted ....
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Rio Tinto has appointed Katie Jackson to lead its copper business, succeeding Bold Baatar, who as previously announced, will become chief commercial officer later this year. Previously, she served as president of National Grid Ventures, responsible for the development and operation of large-scale energy infrastructure assets.
Shaun Usmar was named CEO for Vale Base Metals Ltd. The company said he will take full responsibility for the executive management of the business by the end of the year and he will be based in Toronto.
Triple Flag announced that Sheldon Vanderkooy will succeed Shaun Usmar as CEO. Usmar will work closely with Vanderkooy to ensure a seamless transition, anticipated to be finalized in Q4 2024. As a founding member and a member of the senior management team, he has been an integral part of building Triple Flag.
Christian Milau has been appointed to the New Gold Board. His 25 years of mining experience includes CEO of Equinox Gold from 2016 to 2022, leading the company through five mergers and acquisitions and growing from a single-asset developer to a multi-mine producer with eight operating mines.
Tom Panoulias has joined Trigon Metals as vice president, corporate development, effective August 1, 2024. He has previously worked at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, and Dundee Capital Markets, raising over $1 billion for issuers in the mining sector and advising senior management teams on numerous merger and acquisition transactions.
Outokumpu Corp. appointed Kati ter Horst as president and CEO, effective October 9, 2024. She joins Outokumpu from Aliaxis S.A., a leader in fluid management systems, where she has held the position of Divisional CEO EMEA since 2022. 
Golden Minerals Co. has promoted Joe Dwyer, corporate controller, to CFO. He replaces Julie Weedman, who decided to retire. Prior to joining Golden Minerals in September 2022. Dwyer served as director of business operations at Westmoreland Coal Co. and senior manager of financial process and controls for Cloud Peak Energy.
Annelie Lundström has been appointed CEO of Veracio. She co-founded Minalyze in 2009. She was also named a finalist in the EY Entrepreneur of the Year 2024 awards in the Swedish national final..