COPPER
Rio Tinto venture makes strategic investment in Regulus Resources
Nuton, a Rio Tinto venture that has developed innovative copper sulphide leach technologies, is taking a 16.5% stake in Regulus Resources for $15 million.
Nuton’s technologies have the potential to process arsenic-bearing copper sulphides with a lower carbon footprint and...
COPPER
Chilean company develops AI-powered technology to detect failures in large-tonnage mobile mining equipment
Chile’s National Piloting Center (CNP), a non-profit organization linked to the Production Development Corporation, has selected mining equipment monitoring technology Vitech as the winner of the Impact Mining 2022 contest, which will grant almost $30,000 to the creators of...
Aluminium
Ecuador to launch security program for mining projects
The Ecuadorian government is preparing a security program for mining assets. As the country’s public-private partnerships secretary Roberto Salas told BNamericas, areas around mining projects will soon be declared special security zones. The policy is developed by the mining department,...
News
KABIL plans to partner with CAMYEN for lithium extraction projects
The Indian Ministry of Mines has announced that Khanij Bidesh India Limited (KABIL) is planning to collaborate with Catamarca-based state mining company Camyen in Argentina.
This collaboration is part of KABIL’s efforts to source strategic minerals from Argentina, Chile and...
GOLD
Ora Banda obtains financing for Australian gold project
Ora Banda Mining (OBM) has secured non-dilutive debt and royalty funding of $12.74m to advance its Riverina underground project at the greater Davyhurst gold project in Western Australia.
For the financing, the company signed an agreement with its largest shareholder,...
COPPER
BHP signs scheme deed to buy OZ Minerals for $6.4bn
Mining giant BHP Group has signed a scheme implementation deed (SID) to acquire all of the shares in Australia-based copper miner OZ Minerals Limited (OZL), by way of a scheme of arrangement, for A$9.6bn ($6.4bn) at A$28.25 apiece.
This indicates...
News
Mining magnate Palmer offloads Yabulu nickel refinery for $1.3bn
Australian mining tycoon Clive Palmer has divested the troubled Yabulu nickel refinery in Queensland, Australia to Swiss special purpose vehicle Zero Carbon Investek, reported Reuters.
With the sale of the Yabulu Nickel and Cobalt Refinery, Palmer has reportedly raised A$2bn...
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