The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
350 million
India expects to produce 350 million tonnes of coal by the end of 2030
14
An accident at a coal mine in Guizhou Province, China, has killed 14 miners
20,000
ArcelorMittal is closing production at its underground mines in Ukraine, where it employs 20,000 people
$79m
BHP is set to invest $79m in Filo Mining to advance the Filo del Sol copper-gold-silver project in Chile
100,000
Liontown Resources will supply up to 100,000 dry metric tonnes of lithium in one year to Tesla
Project updates
Australian miner IGO has discontinued talks with Anglo-Swiss commodity firm Glencore for the acquisition of the latter’s CSA Copper Mine in western New South Wales. The move comes a week after the two parties entered exclusive talks for the potential acquisition of CSA, which has around 500 employees.
Australian battery metals explorer MinRex Resources has agreed to acquire the Garden Creek lithium project in Western Australia from private company True Fella. A related binding term sheet has been signed between Odette Five, which is to be purchased by MinRex Resources, and True Fella.
Australia-based West Wits Mining has announced first ore production from the Witwatersrand Basin gold project in South Africa. Located in the West Witwatersrand Basin goldfield, the project has a mineral resource estimate of 4.28Moz.
Australian mining firm Develop has agreed to purchase the Woodlawn copper project in New South Wales in a $21.5m transaction. Develop will acquire the Woodlawn underground mine and processing plant that was redeveloped with a $243.8m investment by Heron Resources.
FURTHER READING
What does IPCC Report II tell energy businesses about their future?
A report by the Intergovernmental Panel on Climate Change (IPCC) has spelled out how global warming and climate change will affect global power generation over the next 80 years.
The report gives the clearest outline of potential risks to humans as a result of global warming made so far. Starting in 2017, 270 authors from 62 countries collaborated to write the report on the practical impacts of climate change. Since 2019, the group incorporated more than 62,000 comments from academics and governments in the 3,675-page report.
The first IPCC report, published in August 2021, showed the increased risk and severity of extreme weather as global warming advances.
Source: Mining Technology
