- BHP to test energy transfer system on battery, diesel electric mining trucks. READ MORE
- Congrats to MacLean Engineering - Fortescue, one of the world’s leading technology, energy and metals companies, and MacLean, a global leader in battery electric mining vehicles (BEVs), have announced a new partnership to help rapidly electrify and decarbonize the surface mining industry. At MINExpo 2024 in Las Vegas, Fortescue Metals CEO Dino Otranto was joined by MacLean CEO Kevin MacLean and MacLean President Stella Holloway to announce that MacLean will deliver a fleet of 30 GR8 EV graders to Fortescue’s mining operations in Western Australia. The EV graders will be powered by a Fortescue Zero battery power system, making them one of the first battery electric graders for surface mining. The first EV grader is expected to be delivered in 2026, with the full battery electric fleet aiming to be operational in 2029. READ MORE
- Freeport-McMoRan Inc. is focusing on increasing its copper output from its current assets instead of acquiring mines, CEO Kathleen Quirk told Reuters ahead of the LME Week conference. READ MORE
- The Export-Import Bank of the United States, the official export credit agency of the US government, will provide up to $786 million in debt funding to Australian miners American Rare Earths Ltd. and Anson Resources Ltd. to support the development of their critical minerals projects in the US. American Rare Earths unit Wyoming Rare (USA) Inc. received a debt funding package of up to $456 million for the Halleck Creek project in Wyoming. Anson Resources was offered $330 million for its unit A1 Lithium Inc.'s lithium production plant at the Paradox basin in Utah. READ MORE
- Adani Enterprises Ltd.'s $1.2 billion copper smelter in India is expected to face a slow ramp-up in production due to tight global supplies of copper ore. Adani plans to start processing its initial copper concentrates at the facility in Gujarat in November. De Grey Mining Ltd. denied it received a buyout proposal from Agnico Eagle Mines Ltd. Its portfolio includes the feasibility-stage Hemi gold project in Western Australia, where first gold production is scheduled in the second half of 2026. READ MORE
- Mali's junta arrested four senior employees of Barrick Gold Corp. for alleged financial crimes, Reuters reported, citing a government official. READ MORE
- A Russian disinformation campaign is allegedly fueling protests against Rio Tinto Group's Jadar lithium project in Serbia, The Wall Street Journal reported. READ MORE
- Timor-Leste aims to attract miners with 2nd exploration licensing round in 2025. READ MORE
- Zijin Mining Group Co. Ltd. announced plans to increase the production at its Kamoa-Kakula copper joint venture in the Democratic Republic of Congo to 1 million metric tons per year, exceeding its current goal of approximately 600,000 metric tons, Bloomberg News reported citing Zijin Chairman Chen Jinghe. Zijin and Ivanhoe Mines Ltd. each own a 39.6% stake in the project, while the DRC government holds a 20% interest. READ MORE
© 2024 MSTA CANADA
