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CMOC to acquire Lumina Gold in C$581m all-cash deal

CMOC to acquire Lumina Gold in C$581m all-cash deal

Chinese mining company CMOC Group has agreed to acquire Canada’s Lumina Gold in an all-cash deal valued at C$581-million.  The transaction, announced on Monday, will mark a step forward for the development of the Cangrejos gold project in Ecuador....
Hitachi makes moves to increase mining efficiency

Hitachi makes moves to increase mining efficiency

Hitachi Construction Machinery is developing the LANDCROS Connect Insight solution to analyse the operational data of mining machinery in near-real time. The technology is aimed at helping customers increase the efficiency of their operations, with plans to deploy the...
Rio Tinto signs aluminium MoU in India

Rio Tinto signs aluminium MoU in India

Rio Tinto has signed a memorandum of understanding (MoU) with AMG Metals & Materials, an energy transition solutions provider based in India. The MoU will see both parties map out the feasibility of developing an integrated low-carbon aluminium project powered by...
Alcoa reports $20m tariff hit on imports from Canada

Alcoa reports $20m tariff hit on imports from Canada

Alcoa, the largest US aluminum producer, said President Donald Trump’s 25% tariff on metal imports has cost the company $20-million since the duties went into effect. The Pittsburgh-based company incurred the costs on imports of aluminum from Canada, its...