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July 2016

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BC to amend environmental assessment certificate for Taseko's $1.5bn New Prosperity project 22 July 2016 The British Columbia (BC) Environmental Assessment Office in Canada is proceeding with Taseko Mines’ request to amend the environmental assessment certificate for its $1.5bn New Prosperity gold...

Komatsu to acquire US mining equipment manufacturer Joy Global for $3.7bn 22 July 2016 Komatsu America has signed an agreement to acquire the US-based surface and underground mining equipment manufacturer Joy Global for...

M&As this week: Goldcorp, Keysha Investments 178 22 July 2016 Goldcorp has acquired Kaminak Gold, providing the company ownership to the Coffee Gold open-pit, heap leach mining project, located 130km south of Dawson city, Yukon Territory, Canada....

Deals this week: MGX Minerals, Millennial Lithium, Komet Resources 22 July 2016 MGX Minerals has completed the acquisition of the Pond magnesium occurrence and Marysville magnesium project from Teck Resources, formerly known as Consolidated Mining Company of Canada – COMINCO....

Report: Botswana’s rough diamond production to increase in 2020 22 July 2016 The diamond mining industry in Botswana is set to grow, with rough diamond production estimated to reach 29.5 million carats (Mct) in 2020, according to a report by Timetric....

Thiess secures contract for Rio Tinto's $5.4bn Oyu Tolgoi project 21 July 2016 The Cimic Group’s mining services arm Thiess has secured a $130m contract for Rio Tinto’s $5.4bn Oyu Tolgoi project in Mongolia’s southern Gobi desert....

Goldcorp acquires Canadian company Kaminak Gold for $404m 21 July 2016 Goldcorp has completed the acquisition of Canada-based Kaminak Gold for C$520m ($404m)....

British Columbia introduces new mining code revisions 21 July 2016 The Canadian Province of British Columbia (BC) has introduced new mining code revisions in an effort to eliminate disasters such as the Mount Polley tailings pond collapse that occurred in...

Pybar to build decline at OZ Minerals' Carrapateena mine 20 July 2016 Pybar Mining Services has secured a A$65m ($48.8m) contract to build a 600m-deep, 7,500m-long decline with ground infrastructure and surface ventilation at OZ Minerals' Carrapateena...

Lundin Mining gains extension to decide on TF Holdings acquisition 20 July 2016 Canadian firm Lundin Mining has secured an extension of up until 15 September to decide on making an offer to buy Freeport-McMoRan’s indirect stake in TF Holdings....

DiamondCorp halts operations at Lace mine in Southern Africa 20 July 2016 Southern Africa-based DiamondCorp has temporarily suspended underground mining operations at its Lace diamond mine following orders from the Department of Minerals Resources (DMR) after an...

Australia's EPA conditionally approves Mount Gibson's Iron Hill mine 19 July 2016 Australia's Environmental Protection Authority (EPA) has conditionally approved Mount Gibson's proposed Iron Hill mine 270km east-south-east of Geraldton....

Galane Gold gains board approval to restart production at South Africa's Galaxy mine 19 July 2016 Galane Gold's board of directors has given approval for a capital expenditure programme required for the first phase of the restarting of production at its Galaxy Gold mine in South Africa up to...

Sandvik signs agreement to divest mining systems operations 19 July 2016 Sandvik has signed an agreement to sell its mining systems operations to private equity company CoBe Capital....

Water discharged from Werris Creek mine met environmental requirements, says Australian EPA 18 July 2016 The New South Wales (NSW) Environment Protection Authority (EPA) in Australia has found that water discharged from Whitehaven Coal's Werris Creek mine met environmental requirements...

Stornoway starts ore processing at Renard diamond project in Canada 18 July 2016 Stornoway Diamond has started ore processing at the Renard diamond project in north-central Québec....

Waanyi ReGen secures contract for MMG’s Century mine in Australia 18 July 2016 Waanyi ReGen (WRJV) has secured a contract for care and maintenance activities at MMG's Century mine in Australia....

Deals this week: Probe Metals, First Mining Finance, Copper Mountain Mining Corporation 15 July 2016 Probe Metals has agreed to raise $13.38m through a private placement of up to 8,383,750 non-flow-through units priced at C$0.95 ($0.72) each, and 3,616,250 flow-through units priced at...

Report: Chinese iron ore market slowdown from production, consumption and imports falls 15 July 2016 The iron ore production in China is set to fall to 286.2 million tonnes (Mt) from 2015 to 2020, compared with 345Mt in 2014, according to a report by Timetric....

Ivanhoe starts sinking work on first shaft at South Africa's Platreef gold mine 15 July 2016 Ivanhoe Mines has started permanent sinking work on the first shaft at Platreef platinum-group metals, nickel, copper and gold mine in South Africa....

M&As this week: Treasury Metals, IFB Industries 15 July 2016 Treasury Metals has entered an agreement to acquire 100% stake in Goldeye Explorations....