Thiess has become the official owner of PYBAR after announcing a $65 million deal with previous owner Metarock Group in March. Metarock has received approximately $42.9 million after the deduction of PYBAR’s debt from the agreed transaction. “I am pleased to...
Commodities giant Rio Tinto announced on Friday that it would keep New Zealand’s sole aluminium smelter operational until at least 2044, following the completion of new 20-year electricity supply agreements. The Tiwai Point smelter, owned and operated by New Zealand...
Having now fully completed its acquisition of OreCorp, Perseus Mining is getting ready to advance the Nyanzaga gold project in Tanzania. Perseus acquired OreCorp for $276 million back in April, and said representatives from the company were keen to visit...
Byrnecut will team up with Sandvik to develop new diesel-electric mining equipment such as underground loaders and trucks featuring electric drivetrains. The partnership aims to create equipment that matches Byrnecut’s specific capability requirements, boost...
Epiroc has unveiled upgrades to its DM30 XC rotary blasthole drill rig that focus on improving safety and efficiency, all while reducing carbon footprint. Described as the “next-gen (of) drilling power”, the Epiroc DM30 XC was originally released in March...
McEwen Mining has secured C$30-million ($22-million) in flow-through to support ongoing exploration and development at the Fox Complex in Timmins, Ontario. The funds will be allocated towards exploration drilling and developing an underground access ramp from surface...
