The EMR Capital private equity firm run by Owen Hegarty has agreed to buy the Golden Grove copper and zinc mine in Western Australia from MMG for $US210 million ($291m), giving Mr Hegarty control of the mine for a second time.
Zinc Mining News
Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.
TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.
The transactions are part of a broad mining assets sale process formally launched in January this year.
The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.
I’m sure most of you have, like me, spent too much time reading and thinking about this issue in recent weeks.
But asset sales will slow says new report.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
Zinc is the best performing metal of 2016.
Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Global miners have been cutting spending on new projects and expansions since 2012.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
The last time the benchmark zinc price was this high, Americans were in the throws on an election that saw Barack Obama take over from George W. Bush.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
"We are working hard to have the mine ready to restart production": Robert Friedland
Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.