Canadian-based Generation Mining said its Marathon palladium copper project in northwestern Ontario was approved by the joint federal and provincial environmental assessment process. It will now proceed to obtain the necessary permits for construction and operation of the mine.
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First Majestic to sell Mexican royalty portfolio to Metalla
First Majestic Silver has entered into a royalty purchase agreement dated November 25 to sell a portfolio of eight royalty interests in Mexico to Metalla Royalty & Streaming for a total consideration of $20 million in common shares of Metalla. The consideration will be paid upon closing of the transaction, which is expected to occur in the first quarter of…
Read MoreFoster appointed director of West Virginia OMHST
West Virginia governor Jim Justice has appointed 45-year mining industry veteran Frank Foster as director of the state’s Office of Miners’ Health, Safety and Training. He also has tapped McKennis (Kenny) Browning to be deputy director. Foster, who previously served in Browning’s position, replaces the retiring Eugene White in the seat in Charleston. He most recently was administrator for the…
Read MoreMarchese out, Balarezo Valdez in at Sierra Metals
Canadian base metal miner Sierra Metals has announced the resignation of Luis Marchese as its CEO and company director with immediate effect, and the appointment of Ernesto Balarezo Valdez as his interim replacement as CEO. Balarezo Valdez, who will also join the company’s board of directors, will lead the company through its current strategic review process, which has already commenced…
Read MoreE3 Lithium secures C$27 million government investment
Lithium developer and extraction technology innovator E3 Lithium has received a C$27 million investment from the Canadian government’s Innovation, Science and Economic Development’s Strategic Innovation Fund (SIF). “E3 Lithium’s ground-breaking technology will play an important role in providing large quantities of battery grade lithium to the auto industry while also creating high quality jobs for Canadians,” said François-Philippe Champagne, minister…
Read MoreRare Element secures $4.4 million grant for RE project
Rare Element Resources has been awarded a $4.4 million grant from the Wyoming Energy Authority for advancing the company’s rare earth processing and separation demonstration plant in Upton, Wyo.
Read MoreCaterpillar switches on first battery-electric mining haul truck
With its Arizona proving grounds outside Tucson, Ariz., serving as a backdrop, Caterpillar has demonstrated its first battery-electric 793 model large mining truck as it announced an investment into the campus as a sustainable testing and validation hub of the future. The development of the 793 prototype came with support from key mining customers participating in Caterpillar’s Early Learner program.…
Read MoreRound Mountain going down
Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…
Read MoreCoeur unloads Crown and Sterling assets
The transaction to sell U.S.-based Coeur Mining’s Crown and Sterling holdings in Nevada to a subsidiary of AngloGold Ashanti has closed. Under the terms of the previously announced deal, Coeur received cash consideration of $150 million at closing. The precious metals producer will receive an additional deferred cash consideration of $50 million upon Crown Sterling attaining a total resource of…
Read MoreCR Minerals, Rio Tinto to produce pozzolans from waste materials
Texas-based CR Minerals has reached an agreement with miner Rio Tinto for the production of pozzolans from waste materials at the latter’s U.S. Borax facility in Boron, Calif. CR Minerals intends to use waste tailings present onsite to produce pozzolans that can be used as a cement replacement in concrete. The pozzolans will be manufactured at a new facility to…
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