Rio Tinto’s iron ore mining in Guinea lacks funds from Chinese partner
The Anglo-Australian mining giant signed a partnership with Chinalco, but state funding issues are causing delays.
20 September 2023
20 September 2023
The Anglo-Australian mining giant signed a partnership with Chinalco, but state funding issues are causing delays.
Standard Uranium has agreed to sell the Sun Dog uranium project for $1.5m, excluding exploration expenditure.
Chinova owns the Osborne copper gold processing plant and the Mount Elliot mine, among other infrastrcture in Queensland.
The Nueva Recuperada mine’s operations were placed on hold in July 2023 due to an unexpected drop in grades in some mineralised areas.
The Sandvik battery-electric underground mining truck is designed to produce zero diesel emissions.
Interra will obtain a two-stage option to earn a stake of up to 80% in the Rip copper-molybdenum project.
The sale covers mining leases M16/0262, M16/0263 and M16/0264, as well as related miscellaneous licences.
Production from the mine halted in May 2023 due to a drop in thermal coal prices and scheduled equipment repairs.
The Excellence Awards celebrate the greatest achievements and innovations in the industry, and the people and companies that are driving change.
The widespread objectives for a greener future are straining supplies of natural resources. Deposits of critical minerals are typically found in specific regions of the world. The race to control these mineral assets has led to intense rivalries between China, the US, and the EU, with China currently dominating the mineral supply chain and the development of energy transition technologies.
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