The mining industry briefing
The latest news, trends, and data from the mining industry
News in Numbers
$1.4bn
Australian mining company Independence Group has finalised the $1.4bn joint venture deal with China’s Tianqi Lithium for a stake in the latter’s Australian assets.
$125m
Pensana has started early-stage development of its $125m rare earth processing hub at the Saltend Chemicals Park in Humber, UK.
¥47bn
Japan’s Sumitomo Metal Mining is planning to invest $424m (¥47bn) to boost cathode materials production capacity in Japan.
C$40m
The Canadian Government has announced $32m (C$40m) in funding to support the Centre for Excellence in Mining Innovation’s $89.9m (C$112.4m) Mining Innovation Commercialization Accelerator Network.
$19.06bn
Minas Gerais governor Romeu Zema has reportedly said the definitive settlement with Samarco for the 2015 tailings dam disaster in Brazil could reach $19.06bn (R$100bn).
Project updates
Australia’s Wesfarmers and its joint venture (JV) partner have started construction on the Holland lithium project in Western Australia (WA), after securing all critical approvals.
The move follows the issuance of a Ministerial Statement under WA’s Environmental Protection Act.
Evolution Mining has approved the underground development of the Cowal mine in New South Wales, Australia.
The Cowal gold operation is located around 38km north-east of West Wyalong.
US-based gold mining company Newmont has approved the advancement of the Ahafo North Project in Ghana into the execution phase.
Comprising four open-pit mines and a standalone mill, the project development is estimated to cost between $750 to $850m.
Musk Metals has started a Phase II exploration programme on its 100%-owned Elon Lithium project in Quebec, Canada.
FURTHER READING
Where are mining industry operations and technologies companies focusing their big data hiring efforts?
Big data is an area which has seen rapid growth across a variety of industries in recent years – not least among mining industry operations and technologies companies.
Figures show that the number of new big data roles being advertised for these companies has increased in recent months – with firms across the industry looking to expand their capabilities.
Source: Mining Technology
