MINING.com
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Mining news and commentary from around the globe. Daily updates on gold and commodity prices, exploration, mine development and mining company activities.
MINING.com
16h ago
Epiroc is strengthening the focus on its tools and attachments businesses. The company will split the division into two divisions and appoint a new division president.
In recent years, the Tools & Attachments division has expanded significantly through organic and inorganic growth and will become significantly larger after the completion of the acquisition of Stanley Infrastructure. To sustain optimal focus on each business line and continue fostering profitable growth, Epiroc will split the Tools & Attachments division into these two new divisions: the Rock Drilling Tools divisi ..read more
MINING.com
19h ago
The river waters near some of the Democratic Republic of Congo’s largest copper and cobalt mines are toxic, according to a recent report by RAID and DRC-based African Resources Watch.
The UK corporate watchdog found that residents in the visited communities expressed concerns about the harmful effects of toxic contamination on their health and the destructive consequences on local ecosystems and agriculture.
Residents reported a scarcity of clean water for drinking and personal hygiene, forcing them to use contaminated water for their daily needs. Of those interviewed, 56% stated that the pol ..read more
MINING.com
21h ago
Alamos Gold (TSX: AGI; NYSE: AGI) is acquiring Argonaut Gold (TSX: AR) and its past-troubled Magino mine in northern Ontario in an all-share deal valued at $325 million to become Canada’s third-largest gold producer.
The transaction, scheduled to close in July, is expected to create $515 million in cost-savings over about two decades of production from Alamos’ Island mine and the neighbouring Magino located northeast of Lake Superior, the companies said Wednesday. Alamos will use Magino’s larger mill and tailings facilities instead of Island’s. Total Alamos output is expected to increase by ab ..read more
MINING.com
21h ago
Precious metals producer First Majestic (NYSE: AG) (TSX: FR) has kicked off the sale of bullion from its 100%-owned minting facility in Nevada, United States
The Canadian miner noted that “First Mint”, which it opened last year, expands upon its existing bullion sales through vertically integrating the production of investment-grade fine silver bullion.
First Majestic said the eco-friendly and high efficiency production line allows the mint to produce over 10% of the company’s current silver production, coming from the Mexican operations.
The inaugural production run of bullion bars ..read more
MINING.com
22h ago
Canadian nickel developer Magna Mining (TSXV: NICU) announced on Wednesday the signing of a definitive offtake agreement with Vale Base Metals for the advanced exploration portion of its Crean Hill project in Ontario.
Located in the Sudbury Basin nickel district, Crean Hill is host to a former producing mine which, under the previous ownership of Vale, was a significant producer of nickel, copper as well as precious metals for over 80 years. During its active years, it produced 20.3 million tonnes of ore grading 1.3% nickel, 1.1% copper and 1.6 g/t platinum-palladium-gold.
As a brownfield site ..read more
MINING.com
22h ago
In the hardscrabble world of mining, where data is king and machinery reigns supreme, first-time author Catherine Lalut wields not a drill but a quill with the children’s book The Mine That Fell Asleep in the Goldfields.
The story unfolds in the red dust of Kalgoorlie, Western Australia. It challenges the heavy, ore-laden status quo with the light-footed adventures of Cat, Nancy, Ty, and an Egyptian magical cat that could make even the Sphinx purr with curiosity.
“In the world of mining, the next big discovery is always just one story away,” Lalut, who started in mining as an engineer in Chile ..read more
MINING.com
22h ago
Researchers at CERN’s Neutron Time-of-Flight facility (n_TOF) collaboration are investigating how cerium is produced in stars.
Cerium is a rare earth metal that is used in some types of lightbulbs, flat-screen TVs and biomedical applications. While the element is rare in our planet’s crust, it is slightly more abundant in the universe.
“The measurement we carried out enabled us to identify nuclear resonances never observed before in the energy range involved in the production of cerium in stars,” Simone Amaducci, first author of the paper that describes the findings, said in a media statement ..read more
MINING.com
22h ago
The Mining Association of Canada (MAC) and The Copper Mark have begun a new collaboration on a pilot project to enhance the assurance processes of both Towards Sustainable Mining (TSM) and the Copper Mark standards.
As part of this pilot, MAC and the Copper Mark are merging their respective assurance processes for pilot testing by MAC members undergoing TSM verification in 2024, with the Copper Mark secretariat managing the assurance process on behalf of MAC. MAC expects nearly all of its members’ facilities undergoing verification in 2024 to do so, which represents approximately 30 facilities ..read more
MINING.com
2d ago
The Canadian Mining Hall of Fame has opened its call for nominations for the 2025 Induction season. Each year, the Canadian Mining Hall of Fame seeks remarkable individuals for induction into its ranks during the annual induction celebration.
These nominees are distinguished by their leadership and achievements, having made significant contributions to Canada’s prominence in the global mining industry. They embody the vital role of mining within Canadian society and served as inspirations for future generations in the field.
“The Canadian mining industry is at the forefront of the global energ ..read more
MINING.com
2d ago
Eldorado Gold (TSX: ELD; NYSE: EGO) expects its production profile to swell about 45% over the next four years to 703,250 oz. gold per year, CEO George Burns says.
The company comes off a solid 2023 operating performance, producing 7% more gold year-on-year at 485,000 oz. of metal at an all-in sustaining cost of about $1,200 per ounce. With the Skouries build in Greece having passed the 70%-completion mark, Burns tells The Northern Miner that increasing production is the vehicle for enhancing shareholder value.
“Bringing Skouries online not only lowers our cost, brings on some high-quality pro ..read more