Thousands of miners at Peru’s Quellaveco mine in Moquegua’s southern area went on strike on Tuesday to protest the uncontrolled spread of COVID-19 in the mining camps and the inability of the Anglo-American mining business and its contractors to follow even rudimentary health measures.
London-based Anglo American plc, allegedly instructed Prairie River Minerals executives to fund their campaign
The general contractor and others who built a demonstration facility for a new scram mining business on the Iron Range have not been paid. The company is now facing foreclosure.
According to the News Tribune on Wednesday, Prairie River Minerals still owes Superior-based Lakehead Constructors Inc. nearly $2.4 million to construct its demonstration plant near Coleraine, which the company purchased out of bankruptcy in 2019 from two former Magnetation/ERP Iron Ore properties.
As metals prices rise, mergers and acquisitions (M&A) activity is picking up steam in Latin America’s mining industry.
A more recent characteristic of the JSE’s (Johannesburg Stock Exchange) established mining sector taking risks to participating in the metals rush is that governments worldwide enact legislation geared at decarbonization, which is now widely believed to lead to significant supply shortages in base metals copper and nickel. Some people have no option in the matter. […]
Everyone agreed that Royal Road Minerals was deserving of the award for all of the hard work it puts in at its South American ventures However, demonstrators eventually congregated outside the Mines & Money conference venue and managed to create a lot of noise out of proportion to their numbers. ESG credentials have been a […]
Metso Outotec signed EUR 100 million sustainability-linked loan agreement with Nordic Investment Bank
Metso Outotec and the Nordic Investment Bank (NIB) have today signed an eight-year EUR 100 million sustainability-linked loan agreement. The terms of the loan are linked to mutually agreed sustainability targets that relate to Metso Outotec reducing its own operations and supply chain’s CO2 emissions by 2025. Sustainability is a strategic priority for Metso Outotec and the company has set […]
Following the appointment of a 24-year veteran of the multinational miner as managing director of SolGold, BHP’s gamble on Ecuadorian copper will be controlled by a familiar face. The appointment might help to defuse brewing tensions among the ranks of the fledgling exploration business. With the appointment of Darryl Cuzzubbo as CEO of SolGold on […]
Canada-based Motion Metrics, a worldwide mining technology company, is to be acquired by the Weir Group in exchange for an initial payment of £88 million, subject to usual net debt and working capital adjustments. Motion Metrics is the world’s top developer of breakthrough AI and 3D rugged Machine Vision Technology for usage in mines throughout […]
Canadian Coast Guard Reported Tug Boat Battling Container Fire Aboard Cargo Ship Transporting Mining Chemicals Near Vancouver
After a cargo ship carrying more than 50 tons of mining chemicals caught fire off the western coast of Canada, sixteen crew members had to be rescued from the blazing vessel. Mining chemicals are made from Cyanide, sulfuric acid, nitric acid, uranium, mercury, and lead. The mining industry widely uses Cyanide to extract gold from […]
Hanover Re, a German reinsurance business headquartered in Hannover, Germany, is the world’s third-largest reinsurance group, with total premiums of about €24 billion. According to the firm’s climate change goals, it will attain net-zero emissions in its business operations by 2030 and net-zero emissions in its reinsurance portfolio and investments by 2050. The goal is […]