Czech-based investment group Sev.en Global Investments said it will acquire a 51% stake in Coronado Global Resources from the Energy & Minerals Group as it continues to expand its portfolio, reported Reuters. The financial terms of the deal were not disclosed. “We believe that Coronado has established a successful business strategy and we will support the company in continuation of…
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Metal mining contamination impacts millions: Global study
A study by researchers at the University of Lincoln, UK has found an estimated 23 million people are affected by potentially harmful concentrations of toxic waste from metal mining activity. Published in Science, the October study offers a comprehensive understanding of the environmental and health challenges associated with metal mining activities. By using a new georeferenced global database of active…
Read MoreNewmont completes Newcrest takeover
U.S.-based Newmont has completed the acquisition of Australian rival Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper…
Read MoreWVU Mining Engineering merger shelved, will remain independent
A proposed absorption of the West Virginia University mining engineering into its petroleum and natural gas engineering school has been tabled indefinitely by school officials. A plan was originally announced earlier this year, part of wide-ranging staff cuts at the Appalachian institution. A walk-out was organized in September to oppose the move, and many mining engineering alumni have spoken up…
Read MoreUSGS invests $2M for mine waste critical mineral identification
The U.S. Geological Survey (USGS) has invested over US$2 million from the Bipartisan Infrastructure Law to 14 states to look for critical mineral resource potential in mine waste. The funding will allow the USGS and states to better map the locations of mine waste and measure the potential for critical minerals that might exist in that mine waste. The Bipartisan…
Read MoreIAMGOLD moves forward with autonomous Pit Viper fleet
IAMGOLD has agreed to purchase five autonomous Pit Viper drill rigs from Epiroc Canada to work at its Côté Gold project in the Sudbury District of Ontario. It marks the first fully autonomous fleet of Pit Viper rigs on Canadian soil. “The autonomous Pit Viper fleet has a strong reputation for reliability and this recent agreement shows our shared commitment…
Read MoreProposed NAAQS standards could cause ‘dire consequences’: NMA, industry heads
The National Mining Association (NMA) confirmed it has joined more than 70 trade groups from diverse businesses in a push to urge the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5).
Read MoreACC updates Coal Leadership Council
The American Coal Council’s (ACC) Coal Leadership Council (CLC) program, formerly known as Tomorrow’s Leadership Council, has been updated and the new initiative will kick off at the Miami Coal Conference in February 2024. The group noted that it will be hosting quarterly business information sessions for CLC participants on topics such as financial issues, marketing, workforce, advocacy and the…
Read MoreBHP Xplor program seeks next cohort
BHP Xplor, a six-month accelerator program in the pursuit of unlocking critical minerals, has started a global search for its 2024 cohort of early-stage explorers and startups. The program is designed to provide selected participants with the opportunity to accelerate their exploration concepts through funding, mentorship and coaching. Selected companies will receive up to US$500,000 cash payment from BHP, together…
Read MoreAtlas Copco buys Sykes Group
Atlas Copco confirmed August 21 that it has acquired Australian-based dewatering pump maker Sykes Group from Seven Group Holdings. No financial details were disclosed. It is known, though, that Sykes has an annual revenue of about A$65 million across the mining and wastewater industries. The acquisition is expected to close during the fourth quarter of this year. The newly acquired…
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