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Burgundy strikes gem of a deal in Canada

ASX-listed Burgundy Diamonds has struck a $136-million deal to acquire the Ekati diamond mine, in Canada’s Northwest Territories. Burgundy on Tuesday announced that it had entered into an agreement with Artic Canadian Holdings to acquire all of the common shares of...

Epiroc accelerates toward autonomy

Epiroc continues to march toward a greener mining industry with the announcement that its autonomous drill rigs have successfully drilled holes totalling over 41 million metres. The feat was achieved by the company’s Pit Viper surface drill rigs, which have reduced...

What’s behind the Fortescue job cuts?

Fortescue Metals handed down a slew of redundancies last week, in a move that could see the company reach its clean energy goals sooner. While the major miner didn’t comment on the number of job cuts made last week, one source told the Australian...

Rio’s copper giant rises in the Gobi Desert

Rio Tinto has officially turned soil at the Oyu Tolgoi copper mine in Mongolia, the crown jewel in 2022 takeover of Turquoise Hill.  Mongolian Prime Minister Luvsannamsrain Oyun-Erdene joined Rio Tinto chief executive Jakub Stausholm on-site to celebrate the...