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

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

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

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

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

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

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

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

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

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...