Despite extremely high demand for power, the Ministry of Coal has confirmed that the coal stocks at thermal power plants continue to remain healthy, ensuring a steady power supply across the nation. In a release, the ministry said that the current coal reserves at...
Hancock Prospecting and CIMIC Group have upped their investments in lithium aspirant Vulcan Energy Resources to the tune of $65 million. But what’s the end game? Gina Rinehart’s Hancock increased its investment to 7.5 per cent, and CIMIC finished the day with six per...
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...
