Canadian miner Hudbay Minerals has signed a definitive agreement to buy the remaining stake in Arizona Sonoran Copper Company that it does not already own for $1.48 billion. The deal will create a major copper hub in southern Arizona by adding Arizona Sonoran’s Cactus project to Hudbay’s existing operations, including the Copper World project. “The acquisition of ASCU is a…
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Foran in final stages of McIlvenna Bay construction
Foran Mining has completed 88% of the construction at its McIlvenna Bay project in Saskatchewan, Canada, as of January 31. The miner said the project remains on schedule for commercial production in mid-2026 and is proceeding within budget. “McIlvenna Bay is in its final stages of construction, now 88% complete with wet commissioning already underway. This is where years of…
Read MoreFaraday Copper in talks for BHP mine in Arizona
Faraday Copper and a BHP subsidiary have signed a non-binding letter of intent to explore a potential transaction whereby Faraday would acquire BHP’s San Manuel property in Arizona. In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. Additionally, BHP agreed to participate in any equity raise by Faraday, over two…
Read MoreNewmont accuses Barrick of NGM mismanagement
Newmont has sent Barrick a notice of default after finding evidence of alleged mismanagement at the Nevada Gold Mines joint venture, escalating tensions between the partners, reported Bloomberg. Barrick allegedly diverted resources from the joint venture to benefit its wholly owned Fourmile project, Newmont stated in a filing to the U.S. Securities and Exchange Commission. After informing Barrick of the…
Read MoreExiro Nickel to acquire Thompson operations
Exiro Nickel has entered into an asset purchase agreement to acquire a 100% interest in the Thompson operations in Manitoba, Canada, from Vale Base Metals. This includes the producing Thompson nickel mine, plus exploration assets in the Thompson Nickel Belt. “Today marks the launch of a new Canadian nickel company. Our team is honored and excited to be acquiring such…
Read MoreDon’t miss our sponsors at the West Virginia Coal Show
As the West Virginia Coal Show prepares to return to the Charleston Coliseum and Convention Center in just six weeks, we want to spotlight the support and efforts of our great sponsors for the third annual event. We present all four here, in no specific order. Stop and visit with them all! The first, Jennmar, will be exhibiting at Booth…
Read MoreTurner Mining Group awarded Pan partnership
Turner Mining Group has won a multi-year mining services contract with Minera Alamos for its Pan Operating Complex in Nevada. A new fleet of mining equipment was mobilized to the site on January 1, after assembling and commissioning new equipment and dispatching crews over the holiday season while maintaining targeted production rates and limiting disruption to ongoing operations, it said.…
Read MoreAtlas Salt expands equipment pact for Great Atlantic project
Atlas Salt, developer of the Great Atlantic Salt project near St. George’s, Newfoundland and Labrador, has expanded its hardware relationship with Sandvik as the project updates its feasibility study.
Read MoreGreenbrier Minerals to close several WV operations
Greenbrier Minerals, a subsidiary of Coronado Global Resources, has announced plans to idle seven mining operations in southern West Virginia, eliminating 530 jobs, reported West Virginia MetroNews. The company issued a WARN notice that stated the layoffs would begin on April 14 and be permanent. The company blamed the decision on “sustained weakness in the U.S. High-Vol markets.” It said…
Read MoreAmericas Gold and Silver, US Antimony form JV
North American producer Americas Gold and Silver Corporation has entered into a definitive agreement with US Antimony, forming a Joint Venture through operating subsidiaries to construct and operate an antimony processing plant in Idaho’s Silver Valley. The JV, which will be 51% owned by Americas and 49% by US Antimony, will provide a mine-to-finished antimony production solution to secure the…
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