The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
$225m
Kinross Gold will divest its 90% interest in the Chirano mine in Ghana to Asante Gold in a $225m cash-stock deal.
6.4 million
Rio Tinto is set to purchase over six million shares in copper miner Arizona Sonoran Copper.
270
The US Securities and Exchange Commission has filed a lawsuit against Vale for misleading investors ahead of the Brumadinho dam collapse that claimed 270 lives.
19.6%
Vale has recorded a 19.6% decline in net profit in the first quarter of 2022 due to reduced production and increasing costs.
100%
Zambia Consolidated Copper Mines - Investment Holdings is looking for a financial adviser to restructure its wholly-owned Mopani copper mines.
Project updates
US-based Warrior Met Coal has unveiled plans to restart the development of the Blue Creek hard coking coal project in Alabama, US, following a two-year delay. The project was delayed owing to the Covid-19 pandemic, along with a labour strike and market conditions.
Chilean environmental regulator Superintendence of the Environment has formally turned down the environmental permit application for Anglo American’s $3.3bn expansion of the Los Bronces copper mine.
PepinNini Minerals has secured a Tabapocitos 01 licence necessary to expand its Salta lithium brine project in Argentina. The mine is situated immediately near PepinNini Minerals’ Pocitos 11 licence, as well as the site of an industrial park planned to be developed by the Salta Government.
Global Natural Resource Investments is exploring the sale of its Khoemacau copper mine in Botswana, reported Bloomberg News. The private equity company is working with an undisclosed adviser to find potential buyers for the mine.
FURTHER READING
Tremor at Polish coal mine kills four miners, six trapped
A tremor at the Borynia-Zofiówka underground mine in southern Poland has killed four miners and trapped six others.
The mine’s owner, Jastrzebska Spolka Weglowa, said that there was a high-energy shock at the mine, combined with an intense methane outflow in the D4a face 900m underground. At the time of the accident, which occurred on 24 April 2022, there were 52 workers, of which 42 came out on their own.
The company earlier announced the deaths of two of the miners, and a rescue operation is underway at the mine for the trapped miners, who lost contact following the shock, the firm said.
Source: Mining Technology
