FMG, Formosa approve Iron Bridge Magnetite Project stage 2 development

(adsbygoogle = window.adsbygoogle || []).push({}); Fortescue Metals Group (FMG) announced that its subsidiary FMG Magnetite and its joint venture (JV) partner Formosa Steel IB have approved the development of Stage 2 of the Iron Bridge Magnetite Project in Australia with an investment of $2.6 billion. The Iron Bridge Magnetite Project, which More...

by Soujanya Ravi | Published 1 month ago
By businessnewstoday On Thursday, March 28th, 2019
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Newcrest Mining to partner Imperial Metals in Red Chris copper gold mine

Mining acquisition news : Australian mining company Newcrest Mining has signed a deal to acquire 70% stake in the Red Chris copper gold mine and surrounding tenements in British Columbia, Canada from Imperial Metals More...

By businessnewstoday On Saturday, March 16th, 2019
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Rio Tinto wraps up commissioning of Amrun bauxite mine in Queensland

Rio Tinto has wrapped up the commissioning process of its AUD 2.6 billion ($1.9 billion) worth Amrun bauxite mine on the Cape York Peninsula in Queensland, Australia. Amrun bauxite mine Construction work on the More...

By businessnewstoday On Sunday, January 27th, 2019
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TomaGold announces the start of drilling at Monster Lake

MONTREAL, Jan. 23, 2019 /CNW Telbec/ – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that its joint venture partner, IAMGOLD Corporation More...

By Soujanya Ravi On Wednesday, January 16th, 2019
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Newmont Mining and Canadian gold producer Goldcorp sign $10bn merger

Newmont acquisition of Goldcorp : American mining company Newmont Mining has signed a $10 billion worth stock-to-stock deal to acquire Canadian gold production company Goldcorp, as per the latest mining acquisition More...

By Soujanya Ravi On Saturday, December 15th, 2018
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Nucor acquires Mexican precision castings company POK

Nucor acquisition of POK : US steel producer Nucor has acquired a Mexican precision castings company Corporation POK which has a facility in Guadalajara. POK is engaged in production of complex castings and precision More...

By businessnewstoday On Thursday, November 29th, 2018
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Rio Tinto to move ahead with $2.6bn Koodaideri iron ore mine in Pilbara

Mining giant Rio Tinto is all set to move ahead with the development of its 100% owned Koodaideri iron ore mine in Australia with an investment of A$3.5 billion ($2.6 billion) with an objective to draw 43 million More...

By Soujanya Ravi On Sunday, September 30th, 2018
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New Gold to sell Mesquite gold mine in California to Equinox Gold

Equinox Gold acquisition of Mesquite gold mine : New Gold has announced the sale of the Mesquite gold mine in California to rival Canadian mining company Equinox Gold for $158m in an all-cash transaction. Mesquite More...

By Soujanya Ravi On Saturday, September 1st, 2018
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Rio Tinto inaugurates A21 diamond pipe at Diavik Diamond Mine in Canada

Global mining company Rio Tinto has officially opened a new diamond pipe named A21, built with an investment of $350 million, at the Diavik Diamond Mine in Canada. A21 is now the fourth diamond pipe at the Diavik More...

By businessnewstoday On Sunday, August 26th, 2018
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Tahoe Resources cuts 200 more jobs at Escobal silver mine in Guatemala

Tahoe Resources, a US-based precious metals producer, said that it has dismissed nearly 200 employees at its troubled Escobal silver mine in Guatemala where mining operations had been suspended for more than a year. The More...