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…
Read MoreTNC, 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…
Read MoreHardox celebrates 50 Years, goes emission free
The year 1974 saw a breakthrough in steelmaking when steelmaker SSAB introduced the world’s first bendable wear plate. A unique combination of hardness and toughness helped to solve the issue of brittleness in conventional abrasion-resistant steels, which were nearly impossible to bend and could not withstand heavy impact in use. In 1983, SSAB’s mill in Oxelösund, Sweden, created a truly…
Read MorePiedmont Lithium, Sayona Mining to merge
Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
Read MoreNewmont offloads Musselwhite, Éléonore
In the final months of 2024, Newmont agreed to sell two of its gold mines as part of a plan to divest its non-core assets. Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Musselwhite is a fly-in, fly-out operation located approximately 500 kilometers north…
Read MoreBritish Columbia fast-tracks 18 mining and energy projects
In the face of ongoing tariff threats from the United States, the British Columbia government said it is working to accelerate 18 critical mineral and energy projects worth roughly $20 billion, reported The Canadian Press. Premier David Eby said that the government was expediting some projects to diversify the economy, assuming there would be “four years of continual on-and-off tariff…
Read MoreLiebherr USA appoints Hiro Imakoji as new managing director
Liebherr welcomed Hirohito Imakoji as managing director of Liebherr USA Co., a mixed sales organization supporting 10 product segments throughout the United States. Hirohito joins the Liebherr USA executive management team, working together with Kai Friedrich, the managing director and divisional director of earthmoving and material handling technology. In his role, Imakoji will oversee the strategic planning and execution of…
Read MoreMinnesota representatives offer competing bills
Rep. Betty McCollum (D-Minn.) has reintroduced the “Boundary Waters Wilderness Protection and Pollution Prevention Act,” legislation that would permanently protect 225,504 acres of federal lands and waters within the Superior National Forest from highly hazardous sulfide-ore copper mining, including a plan by a Chilean mining company to extract critical minerals from the Superior National Forest and sell them to China…
Read MorePeñasquito Mine aims to extend its life span
The Newmont Peñasquito open-pit mine, installed in the Municipality of Mazapil, state of Zacatecas, Mexico, intends to maintain its production beyond the seven-year life period it has calculated, according to company executives. The commercial activity of the mine, a leader in gold extraction but also a producer of copper, silver, zinc and lead, began 14 years ago and gradually increased…
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