The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
The joint venture between ArcelorMittal and Nippon Steel has started the $7.2bn Hazira flat steel plant expansion project.
Strickland Metals owns an 80% stake in the Iroquois project, alongside its 100% stake in the Bryah Basin Project.
Imerys will begin construction at a new lithium exploitation facility, Emili Project, in mid-2025, reported Reuters.
According to Reuters, the steelmaking sector is responsible for 7%-9% of global greenhouse gas emissions.
General Motors will invest up to $69m for an equity stake in Queensland Pacific Metals to secure nickel and cobalt for battery production.
Australia’s New South Wales Independent Planning Commission has turned down Glencore’s proposal to expand its Glendell coal mine citing its potential to damage heritage values.
Following evidence from various stakeholders, the Commission conceded that the expansion “is not in the public interest, despite its likely benefits”.
Australian mining company Iluka has signed an agreement with rare earth miner Northern Minerals for the delivery of rare earths concentrate from the latter’s Browns Range project in Western Australia.
Australian gold mining firm Pantoro and its joint venture partner, Tulla Resources, have poured the first gold at the Norseman Gold Project in the Eastern Goldfields of Western Australia.
The Norseman Gold Project is made from 150 near-contiguous mining tenements and produced more than 5.5 million ounces of gold between 1935 and 2014.
Canadian miner Teck Resources has signed a deal to offload its 21.3% stake in the operating Fort Hills oil sands project in Canada to Suncor Energy for a cash consideration of around $737m (C$1bn).
According to the agreed terms, Suncor Energy will acquire Teck Resources’ stake in the project holding company Fort Hills Energy Limited Partnership and some associated downstream assets.
Rankings: Research and Development
The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.
Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.
This category includes organisations that have demonstrated a commitment to the research and development of new products and processes
Source: Mining Technology