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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...

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,...

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...

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,...

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...

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...

Nippon Steel plans low-carbon raw materials production for green steel

Nippon Steel is looking to produce low-carbon raw materials, including “reduced iron” made using hydrogen, for green steel, reported Reuters. The aim is to cope up with the surging demand for green steel. Reduced iron is produced by removing oxygen from...

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