Sectors

Lucapa achieves highest diamond recovery at Angola mine

Australia’s Lucapa Diamond has hit a major milestone at its prolific Lulo mine in Angola, after recovering 20 diamonds weighing a combined 15.51 carats from just one bulk sample. The company said that the diamonds had been recovered from the...

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...

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...

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