Latest Posts Under: Metals and Mining Industry News

Thar Coal Mine-Power Project : Shanghai Electric reaches financial close for coal mine project

Thar Coal Mine-Power Project : Shanghai Electric Group has reached a financial close for the coal mine project out of the 1.32GW Thar Block-1 Integrated Coal Mine-Power Project in Pakistan’s Sindh Province. The Thar coalfield holds an estimated lignite resource of over 175 billion tons. It is spread over an area of more than 9,000 […]

Jason Industries acquires Matchless Metal Polish Company

Wisconsin-based Jason Industries has acquired Matchless Metal Polish Company in an all-cash deal worth $5 million, in a move to further grow its polishing product line offerings across North America. Established in 1885, Matchless Metal Polish Company offers a full range of metal finishing products and services. Included in these are buffing compounds, abrasives, buffing […]

Mantoverde copper mine : Mitsubishi Materials to buy 30% stake from Mantos Copper

Mitsubishi Materials Corporation (MMC) has agreed to acquire a 30% stake in the producing Mantoverde copper mine in Chile from Mantos Copper in a deal worth up to $283 million, as per the latest mining acquisition news. The Japanese company has also agreed to take part in the Mantoverde Development Project (MVDP) at the Chilean […]

Caucharí-Olaroz lithium project : Ganfeng Lithium to take controlling stake from Lithium Americas

Ganfeng Lithium, a Chinese lithium metals producer, has agreed to take controlling stake in the Caucharí-Olaroz lithium project in Argentina in a $16 million worth deal with its joint venture partner Lithium Americas, as per the latest mining acquisition news. The deal will see the Chinese lithium producer increase its stake from 50% to 51% […]

Iron Bridge Magnetite Project : NRW Holdings bags bulk earthworks contract

NRW Holdings has bagged a contract worth AUD70 million ($47 million) for bulk earthworks for the Iron Bridge Magnetite Project in Western Australia from the joint venture between Fortescue Metals Group subsidiary FMG Magnetite and Formosa Steel IB. The contract will be subject to the finalization of various outstanding contractual items, said NRW Holdings. However, […]

Zijin Mining to acquire Buritica gold project owner Continental Gold

Zijin Mining acquisition of Continental Gold : Chinese miner Zijin Mining Group has signed an all-cash deal worth $1.05 billion to acquire Continental Gold, which owns 100% of the Buritica gold project in Colombia. The Buritica gold mine is being developed by the Canadian gold miner in the Antioquia Department. Scheduled to be brought into […]

Zijin Mining to acquire Buritica gold project owner Continental Gold

Zijin Mining acquisition of Continental Gold : Chinese miner Zijin Mining Group has signed an all-cash deal worth $1.05 billion to acquire Continental Gold, which owns 100% of the Buritica gold project in Colombia. The Buritica gold mine is being developed by the Canadian gold miner in the Antioquia Department. Scheduled to be brought into […]

Vale to sell stake in Henan Longyu Energy Resources to Yongmei

Brazilian mining company Vale has agreed to sell the 25% stake it holds in Chinese coal miner Henan Longyu Energy Resources to Yongmei Group for CNY1.065 billion (approximately $152 million) as per the latest mining acquisition news. Henan Longyu Energy Resources has operations in two coal mines located in the Henan province. The two Chinese […]

AngloGold Ashanti, IAMGOLD sell stake in Sadiola Gold Mine in Mali

AngloGold Ashanti (AGA) and its joint venture partner IAMGOLD (IMC) have signed a deal to sell their stake of 82% in the producing Sadiola Gold Mine in Mali to Allied Gold for $105 million, as per the latest mining acquisition news. In this connection, AngloGold Ashanti and IAMGOLD are selling their interests in Société d’Exploitation […]

Equinox Gold to acquire Canadian gold producer Leagold Mining

Equinox Gold acquisition of Leagold Mining : Canadian mining company Equinox Gold has signed a deal of about CAD 769.3 million ($ 578.38 million) to acquire Leagold Mining, as per the latest mining acquisition news. Also based in Canada, Leagold Mining is a mid-tier gold producer focused on Latin America. The Canadian gold mining company […]

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