Latest Deals

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Codelco has signed a one-year agreement with French research institute CEA-Liten to advance the electrification of underground mining equipment. The collaboration will focus on battery testing, advanced simulations and techno-economic studies aimed at supporting mining decarbonisation. The project will be jointly funded by Codelco and the French Government through the FASEP programme, with participation from the University of Chile and battery manufacturer WattAlps.

Ucore Rare Metals and Sumitomo Corporation of Americas have signed a strategic cooperation framework to support development of a North American rare earth supply chain. The agreement covers sourcing feedstock for Ucore’s Louisiana Strategic Metals Complex and developing downstream offtake opportunities. Sumitomo will serve as a distribution partner for selected rare earth products in Japan, while the companies explore broader collaboration across the supply chain.

Triple Flag Precious Metals has agreed to acquire a gold stream on the Ravenswood Gold Mine in Queensland, Australia, for an upfront payment of $440m. Under the deal, Triple Flag will receive 5.5% of payable gold production, with the rate declining after specified delivery thresholds are reached. The company expects quarterly deliveries to begin in the third quarter of 2026. Ravenswood is jointly operated by EMR Capital and Golden Energy and Resources.

BHP has signed a global framework agreement with Wuxi BOTON Technology to develop more sustainable conveyor systems for mining operations. The agreement broadens the companies’ existing relationship to include joint technology development, life cycle services and sustainability initiatives. Planned work includes advancing conveyor automation through technologies such as AI-based belt alignment, robotic inspection tools and rip detection systems.