Newmont completes sale of three operations

Global miner Newmont Corp. has completed the previously disclosed sales of the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in the United States, as part of a divestment plan of non-core assets. Orla Mining purchased the Musselwhite gold mine in Ontario for an upfront cash consideration of $810 million and gold-price linked contingent consideration…

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Virginia Tech heads Appalachia coalition on critical minerals

Virginia Tech said it is spearheading a research coalition to reveal the untapped potential of the greater Appalachian Mountains region.  The initiative is part of the U.S. Department of Energy’s Carbon Ore, Rare Earth, and Critical Minerals (CORE-CM) program, which seeks to establish regional coalitions focused on accelerating the development of critical mineral supply chains from unconventional resources. The Expand…

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Fury Gold Mines expands portfolio in Quebec

Canadian-based Fury Gold Mines has entered into an agreement to acquire Quebec Precious Metals in an all-share deal, which creates a combined company that consolidates a prospective gold and critical minerals exploration portfolio totaling over 157,000 hectares in Quebec.  The exchange ratio implies a price of C$0.04 per Quebec Precious Metals share and a premium of approximately 33%. “This transaction…

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Sibanye-Stillwater exits Rhyolite Ridge project

Sibanye-Stillwater said it has made the decision to not proceed with the Rhyolite Ridge lithium-boron project in Nevada under a joint venture agreement with ioneer. The miner received updated project and technical information from ioneer in October 2024. After a comprehensive review on the results, the board of directors “resolved not to proceed with Rhyolite Ridge as, among other things,…

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McLanahan launches ‘Groundwork,’ a new podcast

McLanahan Corp. announced the launch of its podcast – Groundwork. Released bi-weekly, each Groundwork episode will feature McLanahan subject matter experts and industry guests talking about key material processing topics. From agriculture to mining to material recycling, hosts will discuss the best ways to process the raw materials that power the world, because if it’s not grown, it’s mined. The…

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Equinox Gold, Calibre Mining merge into major gold producer

Equinox Gold said it will acquire all the issued and outstanding common shares of Calibre Mining as part of a court-approved plan of arrangement. The merger will create the second largest gold producer in Canada. The combined company will continue under the name “Equinox Gold Corp.” Its implied market capitalization is estimated at C$7.7 billion. “This merger represents a transformative…

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South Fork files for Chapter 11

South Fork Coal Co., which operates surface mines in Greenbrier County, W.Va., has filed for Chapter 11 bankruptcy protection in the U.S. bankruptcy court in Delaware earlier this month, reported WV Public Broadcasting. The bankruptcy filing lists assets of $50 million to $100 million and liabilities of the same amount. South Fork owes nearly $5 million to the state of…

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Spring Valley receives positive feasibility study

Solidus Resources has announced the results of the feasibility study for its Spring Valley gold project in Pershing County, Nev. The study was prepared by lead consultant Ausenco Engineering Canada. “The Spring Valley project will be Nevada’s next large heap leach gold mine with a 10-plus year mine life and first quartile AISC. The completion of the feasibility study represents…

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TNC, Engie, STD developing energy projects on former mine sites

The Nature Conservancy said that it and partner Cumberland Forest Limited Partnership have joined together with Sun Tribe Development and power producer Engie for the development of 17 new renewable energy projects on former Appalachian coal mines. The projects include 14 solar energy and three battery storage projects on 360 acres. It is the second round of energy project announcements…

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