MP Materials has entered into a transformational public-private partnership with the United States Department of Defense to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency. As part of the deal, the DoD is positioned to become the largest shareholder in MP Materials after agreeing to purchase $400 million of a newly…
Read MoreCategory: The Headlines
Allegheny Metallurgical emerges from Chapter 11
West Virginia coal miner Allegheny Metallurgical has confirmed its successful emergence from Chapter 11 bankruptcy on June 13, a step forward in its return to growing its operations. The company’s re-entry to the market is marked by a reorganization of leadership and a renewed focus on maintaining and expanding operations. COO Eric Lipinski called the update an “exciting beginning of…
Read MoreElk Valley Resources lays off 140
Glencore-owned Elk Valley Resources, which operates four steelmaking coal mines in British Columbia, said it is cutting 140 jobs due to “challenging market conditions,” reported CBC News. “[Elk Valley Resources] is working to improve efficiency and reduce costs across our business to ensure our company is globally competitive,” said Chris Stannell, Elk Valley Resources communications manager. Stannell said most of…
Read MoreCôté Gold mine reaches nameplate capacity
Canadian-based IAMGOLD said the processing plant at the Côté Gold mine in northeastern Ontario has operated at nameplate capacity of 36,000 tonnes per day on average over 30 consecutive days. “I would like to congratulate our Côté Gold teams, who demonstrated remarkable determination and commitment to bring Côté Gold online and advance it to nameplate throughput rate within 15 months,”…
Read MoreBritish Columbia grants environmental certificate to Teck
Teck Resources has received an Environmental Assessment Certificate for the proposed Highland Valley Copper Mine Life Extension project from the British Columbia government. The project would extend the life of the copper-molybdenum mine to the mid-2040s. “This positive decision by the Government of B.C. will support extending the life of Canada’s largest copper mine, strengthening the North America critical minerals…
Read MoreSandvik wins major order from Mexican contractor
Sandvik has been awarded a large underground mining equipment order from La Cantera Desarrollos Mineros, one of Mexico’s leading underground mining contractors. The order is valued at approximately SEK 430 million and was booked in the second quarter 2025. It includes amongst others, loaders, drill rigs and rock bolters. Deliveries are scheduled to begin this year and continue through 2028.…
Read MoreEquinox Gold, Calibre Mining complete merger
Equinox Gold and Calibre Mining have successfully completed the previously announced merger, creating an Americas-focused diversified gold producer with a portfolio anchored by two Canadian gold mines: Greenstone and Valentine. The Valentine mine, which is in Newfoundland & Labrador, is in the final stages of construction and plant commissioning, with first gold expected by the end of the third quarter…
Read MoreRio Tinto to launch ore sorting demonstration project
Rio Tinto is investing C$7.6 million in an industrial demonstration project to assess the integration of technology that will allow the sorting of ore directly at the source based on titanium and scandium content at its Lac Tio mine located near Havre-Saint-Pierre, Canada. The miner said by separating commercially exploitable rock from waste rock more efficiently, the method could reduce…
Read MoreABD Solutions, Mining3 partner to expand autonomy collab
Mining3 has extended its partnership with autonomous vehicle solutions firm ABD Solutions, in what both companies are calling a “significant step” for mining’s path to automation and efficiency. ABD Solutions, which provides end-to-end retrofit technologies that enable the automation of conventional vehicle and equipment fleets, said the pairing will be powered by Mining3’s extensive global mining network. That route, it added,…
Read MoreTerraSource Holdings sold to Astec Industries
Right Lane Industries, a privately-held industrial-holding company focused on “corporate carve-outs and other complex transactions,” said that it has signed an agreement to sell TerraSource Holdings to Astec Industries for a purchase price of $245 million. Right Lane acquired a 51% interest in TerraSource from Hillenbrand in October 2021, and worked to enhance the scale, profitability and competitiveness of the…
Read More