Gold price spike brings value for smart business

Mining News Pro - Spot gold prices have hit another five-month high – the second time in 2021 they’ve peaked at such an interval – reaching $US1866 ($2544) per ounce to end Friday, November 12.

Pallinghurst to beef up EV battery metal business with stake in Talon Metals

Mining News Pro - Mining investor Pallinghurst Group will acquire a 19.2% stake in electric-vehicle battery metal miner Talon Metals Corp for about $80.2 million, as it looks to tap the opportunity arising from growing demand for EVs to cut carbon emissions.

Iron ore price brings growing business back to Earth

Mining News Pro - Iron ore prices have dropped below $US100 per tonne for the first time since early November 2020, bringing promising Australian projects to unfeasible standstills.

Atlas Iron awards unprecedented contract for Indigenous business

Mining News Pro - Atlas Iron has handed a joint venture mining contract to East West Pilbara (EWP) and Ozland at its Miralga Creek iron ore mine in Western Australia.

Austrade helps business follow friendship in India

Mining News Pro - The Australian Trade and Investment Commission (Austrade) has strengthened the relationship between Australian manufacturers and the Indian mining sector which relies on the import of equipment.

Perenti launches tech business to spark growth

Mining News Pro - Perenti has cut the red ribbon on its technology-driven mining services business, idoba, in line with its 2025 growth strategy.

Fortescue targets $1bn in Aboriginal business contracts

Fortescue has celebrated the 10-year anniversary of its billion opportunities program by committing to a $1 billion target for Aboriginal business contracts by 2030.

South32 to settle coal business sale by quarter end

Mining News Pro - Diversified miner South32 was expecting to finalise the sale of its South African Energy Coal division at the end of the March quarter.

Green power anticipated to surpass iron ore business: Fortescue

Mining News Pro - Fortescue Metals Group has moved its carbon neutrality target forward by 10 years to 2030 as the company advances its emissions reduction projects

US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business

Mining News Pro - AUS judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed.

Ravenswood expansion boosts North Queensland businesses

Mining News Pro - Ravenswood Gold is ramping up the expansion of the Ravenswood mine in North Queensland, creating more than 160 new jobs.

FLSmidth puts thyssenkrupp mining business in takeover sights

Mining News Pro - FLSmidth is in talks to acquire thyssenkrupp’s mining business, potentially creating further consolidation in the global mining equipment and technology space.

Itochu to exit thermal coal business by 2024

Mining News Pro - Itochu Corporation plans to start divesting its thermal coal mining assets in Australia from this year.

MACA to buy Downer WA mining business for $175m

Mining News Pro - MACA will proceed with an acquisition of Downer EDI’s surface contract mining business, Mining West, for $175 million, taking over $1.1 billion worth of contracts.

MACA emerges as potential buyer for Downer business

Mining News Pro - MACA has confirmed it is an interested buyer of Downer EDI’s Western mining services division.

Downer to offload blasting business for $62m

Mining News Pro - Downer is set to sell its Downer Blasting Services business to Enaex S.A. after signing an agreement with the Chilean company.

Australia tells the world it is open for business when it comes to critical minerals

Mining News Pro - The Australian Trade and Investment Commission (Austrade) in collaboration with Geoscience Australia and the Department of Industry, Science, Energy and Resources recently published the second edition of the Australian Critical Minerals Prospectus, a document aimed at highlighting the country’s position on critical materials supply.

Sandvik to launch new rock processing business

Mining News Pro - Sandvik will next year launch the Sandvik Rock Processing Solutions business area, which will replace the current Crushing and Screening division.

Sandvik to sell exploration business to Drillman

Mining News Pro - Sandvik is set to offload its exploration business to an Australian-owned company, Drillman, for an undisclosed price.

K+S sells Americas salt business for $3.2bn

Mining News Pro - German minerals company K+S Aktiengesellschaft has agreed to sell its Americas salt business to industrial holding company Stone Canyon Industries, Mark Demetree and affiliates for $3.2-billion.

Afrimat seeks to have Nkomati anthracite mine placed in business rescue

Mining News Pro - Openpit mining company Afrimat has lodged papers in the High Court of South Africa, Gauteng Local Division, in Johannesburg, asking for Nkomati Anthracite to be placed under supervision and to start business rescue proceedings.

GFG’s aluminium business looks along supply chain for takeovers

Mining News Pro - Alvance, the aluminium business of British commodities tycoon Sanjeev Gupta, is on the lookout for takeovers to triple production and create a vertically-integrated group, its chief executive said on Monday.

MinRes MD rises from Pilbara businessman to billionaire

Mining News Pro - Mineral Resources (MinRes) managing director Chris Ellison has become Australia’s newest billionaire, thanks to a surge in iron ore prices, as reported by the Australian Financial Review.

Swick advances business demerger

Mining News Pro - Swick Mining Services expects the separation of its drilling and mineral technology to provide great value to the company after adding a number of contracts to its order book in the past two months.

Ferrochrome business remains solid, world still requires large amount of it

Mining News Pro - The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world.

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