Rio Tinto to invest $9.3 million in technology startups

Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the mining industry.

Westgold to buy Karora Resources in $808 million deal

Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia.

Supply of 8.7 million tons of Mobarakeh steel products to the market

Mining News Pro - The CEO of Mobarakeh Steel announced that all the organization's goals were achieved in 1402 despite all the restrictions in the fields of electricity, gas and raw materials and said: If we consider the amount of product delivery to the domestic and export markets as the final performance of the company's ambitious employees, we must announce Since the beginning of 1402, 8.7 million tons of products have been transported to the target markets in the total domestic and export market, while fulfilling the planned goals, which has grown by 6% compared to last year.

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.

Vale buys remaining 45% stake in Alianca Energia for $541 million

Brazilian miner Vale said in a filing on Wednesday it had signed a contract to buy a 45% stake in Alianca Energia from Cemig GT, a subsidiary of energy firm Cemig, for 2.7 billion reais ($540.9 million).

Liontown secures millions for Kathleen Valley

Liontown Resources has entered into a $550 million debt facility agreement to fund the development of its Kathleen Valley lithium project in Western Australia.

Rio Tinto gets $13 million from Canada to decarbonize iron ore processing

Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.

China’s Yintai Gold to buy Osino Resources for $272 million

China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368 million ($272.53 million).

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million

US miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million).

First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles

First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances.

Vedanta’s parent sells $209 million stake

Vedanta Resources, the parent of Vedanta Ltd, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed on Thursday.

Capstone raises $265 million to advance Chilean copper projects

Capstone Copper, alongside shareholders Orion Fund JV Ltd., Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP, has announced the closing of their recently arranged bought deal to support the company’s near-term growth initiatives in Chile.

South32 hits IGO with $80 million royalty lawsuit

South32 (ASX: S32) is taking battery metals producer IGO (ASX: IGO) to court over royalty payments worth A$122.1 million ($80.2 million) it claims to be owed, related to the Tropicana gold mine in Western Australia.

Codelco to invest $720 million more in Chuquicamata copper mine

Chile’s state-owned Codelco, the world’s largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720 million.

Uranium miners surge on $500 million US enrichment push

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security.

Fortescue gets 200 million euros for Norway green ammonia plant

Mining News Pro - Australia’s Fortescue on Friday said it received 200 million euros ($219.3 million) from the European Union (EU) for its Holmaneset Project, a flagship green ammonia plant in Norway.

Aurubis to invest about $700 million to build smelter in US

Mining News Pro - Europe’s biggest copper smelter Aurubis will invest around $700 million to build a smelter for complex recycling materials in North America, the company said on Wednesday.

Taseko raises additional $100 million for Florence copper project

Mining News Pro - Taseko Mines has secured two additional financing deals together worth $100 million for its Florence copper mine under construction in Arizona.

Kazakh miner ERG plans $800 million revamp of DRC copper, cobalt mine

Mining News Pro - Kazakh miner Eurasian Resources Group (ERG) plans to invest $800 million to revamp its Comide copper, cobalt mine in Democratic Republic of Congo, it said on Friday.

Tsingshan plans $233 million lithium-related investment in Chile

Mining News Pro - China’s Tsingshan Holding Group will invest $233.2 million to set up a plant in Chile to produce lithium iron phosphate (LFP), used to power electric vehicles, Chilean President Gabriel Boric said on Monday.

Brink’s sues Air Canada after $17 million heist of gold and cash

Mining News Pro - An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot.

Lundin scion leads group raising $500 million for mining fund

Mining News Pro - A group of investors led by a son of the late Swedish-Canadian mining tycoon Lukas Henrik Lundin is seeking to raise $500 million for a fund that will invest in mining projects.

Iron ore price rises as output in Chinese steel mills hits highest since October 2020

Mining News Pro - Iron ore prices rose on Thursday helped by higher hot metal output data in China.

Stellantis to invest $500 million in Rio de Janeiro plant

Mining News Pro - Stellantis will invest up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro state, its CEO for South America, Antonio Filosa, said on Friday.

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