Fortescue sticks to green iron in long-term vision
The world's fourth-largest iron ore miner said attributable net profit after tax came in at $3.37 billion for the year ended June 30, compared with $5.68 billion a year ago.
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Sandvik launches AutoMine surface drilling training simulator
Available for all i-series surface drill rigs, the simulator delivers a realistic, safe and cost-effective training environment.
Chile regulator raises bar to restart zones shuttered by Codelco mine collapse
The company will now have to have a monitoring and control plan overseeing the safety of mining operations in all of its underground deposits.
Cenovus to acquire MEG Energy in $5.7B oil sands deal
The deal brings together two top Alberta oil sands producers with combined production of over 720,000 barrels per day.
Avino buys back La Preciosa royalties for $22M
The move is aimed at lowering the project’s operating cost profile ahead of mining to start this year.
Galan Lithium proceeds with $13M financing for Argentina project
The proceeds are expected to fund the Phase 1 construction activities at the HMW project in Catamarca province.
China’s rare earth companies rally after Beijing tightens grip
Among the top movers was magnet supplier JL-Mag Rare-Earth, which climbed as much as 18% in Hong Kong.
Texas factory gives Chinese copper firm an edge in tariff war
Wellascent plans to invest in three years $100 million in the US plant.
Aris Mining to exit Canada after $25M deal
The deal is to see Aris become a 19.9% shareholder in McFarlane Lake Mining.
