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Hecla Extinguishes Fire at Lucky Friday
Hecla Mining Co. provided an update on its Lucky Friday mine regarding the previously reported fire in the mine’s secondary egress, the No. 2 shaft. The company said the fire has been extinguished, normal ventilation has been restored, and the workforce has been recalled. Hecla will bring the mine back into production by developing a new secondary egress to bypass the damaged portion of the shaft. The new egress .... read
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Cameco Lowers Its Uranium Production Guidance
Canadian uranium producer Cameco recently provided a market update regarding challenges at the Cigar Lake mine and Key Lake mill that are expected to impact its 2023 production forecast. At the Cigar Lake mine, the company now expects to produce up to 16.3 million lb of uranium concentrate (U3O8) this year, a reduction from the previous forecast of 18 million lb U3O8. Production from the McArthur River/Key Lake operations for 2023 is anticipated to be 14 million lb U3O8, down from the previous forecast of 15 million lb U3O8 ....read more
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Albemarle Receives $90M from DoD to Boost Lithium Production
Albemarle Corp. reported the U.S. Department of Defense has approved a $90 million grant to help support the expansion of domestic mining and the production of lithium. The funding will be provided by the Office of the Assistant Secretary of Defense for Industrial Base Policy, utilizing Defense Production Act authorities, and will be used to purchase a fleet of mining equipment as part of the company’s planned reopening of its lithium mine in Kings Mountain, N.C. The planned Kings Mountain mine contains one of the few .... read
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Lundin Receives Approval for Candelaria 2040 EIA
Lundin Mining Corp. announced that the Environmental Impact Assessment (EIA) for the extension of operations and mine life through 2040 for its Candelaria copper mine in Chile was approved by the Regional Environmental Commission of Atacama .... read
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Buenaventura Receives Permit for Yumpag
Peruvian miner Compañia de Minas Buenaventura said it has received approval of its EIA for its Yumpag silver project by the Peruvian Environmental Certification authority. The approval of the EIA is a key milestone toward enabling the company to develop Yumpag and brings Buenaventura closer to the production phase. The company said it will submit a request to the Peruvian Ministry of Energy and Mines to obtain the necessary authorizations to start the exploitation of the deposit ... read more
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| AROUND THE
WORLD - Australasia |
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The Next Nickel Major: Wyloo
Ring of Fire Metals, Wyloo Metals and Mincor Resources will be unified under one brand, Wyloo, which will become the largest pure-play nickel company outside of Russia. Wyloo Metals completed the acquisition of Mincor Resources last month, making it a producer of high-grade nickel sulphide from its newly acquired Cassini and Northern Operations mines in Kambalda, Western Australia …. read
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NSW Raises Coal Royalties
The Australian state of New South Wales (NSW) said it will raise coal royalty rates to ensure the state earns a fair return for its resources under modern market conditions. The new scheme will see coal royalties increase by 2.6% starting July 1, 2024. It will replace the emergency domestic coal cap and reservation measures the previous government introduced in December 2022. The change is expected to “improve” the state’s budget position by more than $2.7 billion over the 4 years from 2024 to 2028. “This is a fair outcome for …. read
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Ivanhoe Reports Record Quarterly Production for Kamoa-Kakula
Ivanhoe Mines reported that the Kamoa- Kakula Copper Complex in the Democratic Republic of Congo (DRC) produced a record 103,947 metric tons (mt) of copper in concentrate during Q3 2023. The complex milled 2.24 million mt of ore during the quarter at an average grade of 5.55% copper. The Phase 1 and 2 concentrators are currently operating ….
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Perenti Awarded $235M Contract
Perenti announced that its surface mining subsidiary in Africa, African Mining Services (AMS), has been awarded the contract for open pit mining services at the Sandfire Resources A4 open pit within the larger Motheo copper mine in Ghanzi, Botswana. The 6-year contract is valued at $235 million. Under the terms of the contract, AMS will deliver all surface mining services associated with development and production activities at the A4 open pit, which is located approximately 8 km to the west of the Sandfire’s existing T3 Open Pit, where .... read
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ABB Launches Global Young Engineer Exchange Program
ABB has launched the Hoisting Young Engineer Exchange Program to attract the next generation of talented engineering graduates to a career in mine hoisting and bridge the skills gap in the global mining industry, the company says. The international, two-year program features time spent in the participants' local engineering teams, followed by a couple of overseas rotations .... read more
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MDS Appoints First Distributor in the Far East
Manufacturer of heavy-duty rock trommels and conveyors, Terex brand MDS, is pleased to announce the appointment of Kurimoto as its first distributor in the Far East. Effective immediately, Kurimoto will represent the MDS range of heavy-duty materials processing equipment and be responsible for providing sales, service, and support for MDS products throughout Japan. "We are excited to welcome Kurimoto to the MDS family. Entering the Far East market is a pivotal moment for us, and we believe that Kurimoto is the perfect collaborator ....
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IAMGOLD Corp. appointed David Smith to serve as chair of its board, replacing Maryse Bélanger, who has decided to retire. He is a corporate director who has had a career on both the finance and the supply sides of the mining business. He served six years as the CFO and executive vice president of Finning International Inc.
Metals Acquisition Ltd. named Patrice Merrin as the chair of its board. She replaces Neville Power, who has resigned to pursue other opportunities. Merrin chaired the predecessor company, Metals Acquisition Corp., from its founding until August 2022, when she stepped out of that role as the company pursued the acquisition of the CSA Copper mine, then owned by Glencore Plc on which board she served from June 2014 until May 2023. She is also a former chair of Detour Gold and former independent director of Stillwater Mining and Arconic Inc.
New Pacific Metals Corp., a Canadian exploration and development company with precious metal projects in Bolivia, promoted Andrew Williams to CEO.
Martin Rowley has joined Atlas Lithium Corp. as lead strategic advisor. He has earned the rare distinction of starting and growing two prominent multi-billion-dollar companies, one in lithium and the other in copper. In 1996, Rowley co-founded First Quantum Minerals Ltd. In 2009, he recognized the potential of lithium and became chairman of Lithium One Inc., which has grown from $A20 million to a recent peak of more than $A10 billion for Allkem. He retired as chairman of Allkem in November 2022..
Argonaut Gold Inc. appointed Owen Nicholls to vice president, exploration. He replaces a retiring Brian Arkell. Nicholls will oversee two drilling programs underway at Magino and Florida Canyon. He has previously led exploration projects at mine sites and greenfield projects for Equinox Gold.
Natascha Viljoen has joined Newmont as COO. After a brief onboarding period, she will assume accountability for the Australian, North American, and Papua New Guinea (PNG) business units on November 1, 2023. 
Steve Price has joined Wyloo in the role of asset president for Kambalda. In his former role as general manager underground operations at the Oyu Tolgoi mine in Mongolia, he led a workforce of just under 4,500 people to double productivity and accelerate project milestones while maintaining best in project safety performance.
William F. Oplinger has been named president and CEO of Alcoa Corp. He succeeds Roy Harvey, who will serve as strategic advisor to the CEO until December 31, 2023. Oplinger has served as the company’s executive vice president and COO since February 2023 and previously served as the company’s executive vice president and CFO from November 2016 to February 2023.