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Cliffs Natural Resources may shutdown Bloom Lake iron ore mine in Canada
US-based mining firm Cliffs Natural Resources is considering closing its Bloom Lake iron ore mine in Canada after deciding that the expansion plan is not viable. The closure is part of the company's plan to exit its Eastern...
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Osisko Gold acquires Virginia Mines to create $1.2bn gold royalty company
Osisko Gold Royalties has signed an agreement to acquire Virginia Mines for C$479m ($424m) to create a C$1.3bn ($1.2bn) Montreal-based gold royalty company, which will hold royalty interests in two major gold mines in the province of Québec, Canada....
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Shenhua’s Watermark coal project in Australia moves ahead
The New South Wales (NSW) Department of Planning and Environment has recommended Shenhua's Watermark coal project for approval, moving the $1bn development closer to construction. Located 25km south-east of Gunnedah on the Liverpool Plains, the open cut coal...
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Muswellbrook Coal to open new mine at Castle Rock, New South Wales
Muswellbrook Coal Company plans to develop a new mine at Castle Rock, about 3km north-east of Muswellbrook in New South Wales, Australia. Muswellbrook's existing mine is expected to close in the next five years; however, the company intends...
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Romarco Minerals gains $200m funding for Haile project in South Carolina
Romarco Minerals has signed a binding commitment letter with a consortium of lenders for a $200m debt facility to develop its Haile project in South Carolina, US. The company signed the deal with lenders, including Caterpillar Financial Services,...
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Cliffs Natural Resources to close Wabush Mines in Canada
Cliff Natural Resources has announced it is permanently closing its Scully iron ore mine in Wabush, Canada, affecting about 500 mining workers. There are about 50 workers still working at the mine during the idling period, and the...
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RES to build rare earth metals processing plant in Nebraska, US
Mineral and applications technology company Rare Earth Salts (RES) has signed a joint development agreement (JDA) with an undisclosed mining company, to process rare earth metals in the US. To be implemented in phases, the JDA will see...
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