Commodity 2
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September 20, 2024
Commodity
September 19, 2024
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices 1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces ("GEO") 2 Life of Mine Average annual
QUITO, Ecuador, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc . (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to report assay results from its ongoing 60,000m 2024 drilling program that aims to target open extensions of m
Highlights: First assays from Long Pocket infill drilling return strong uranium mineralisation at shallow depths. Significant intersections include: LP24RC004 – 10m @ 606ppm U 3 O 8 from 6m depth, including 2m @ 1,726ppm U 3 O 8 from
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "the Company") is pleased to announce the results of the first 5 holes of the 2024 drill program to establish
August 27, 2024
August 27, 2024 (International Mining) - Aggreko is set to expand the solar farm and battery energy storage system (BESS) at Gold Fields’ Granny Smith gold mine in Western Australia, further reducing the carbon intensity of the mine and the overall power cost for the mining company. The decarbonisation of Granny Smith began a lmost eight years ago with Aggreko replacing the existing diesel power station with a high-speed , gas-fuelled reciprocating engine station . Aggreko further advanced the mine’s power system in 2019 by adding 7.7 MWp Solar and 2 MW /1 MWh BESS of renewable generation . Aggreko won the original contract to build , own and operate the power station in 2016 . Since then, Aggreko has continuousl
August 19, 2024
August 19, 2024 (Internationa Mining) - BHP Mitsubishi Alliance (BMA) assets are set to become the first Australian operations at BHP to run under renewable power arrangements for 100% of their electricity needs, following the signing of a new power purchase agreement (PPA) for BMA’s Queensland operations. BMA has entered into a new seven-year PPA commencing from FY2027 – t he third power agreement signed with Queensland’s publicly-owned energy generator and retailer CleanCo – which is expected to allow BMA to meet all of its forecasted electricity needs from sources such as solar, wind and pumped hydro. The new agreement – when combined with another renewable PPA signed with CleanCo in 2023 – is expected to allow BMA’s Queensland assets to become the first of the A
August 9, 2024
August 9, 2024 (Australian Mining) - Barrick Gold has awarded Barminco, an underground mining company owned by Perenti, a three-year contract extension to continue contract mining at the Hemlo gold mine in Ontario, Canada. The contract’s total value equals more than $200 million and involves Barminco executing underground mine development, production and mining support services. Under the terms of the existing contract, Barrick owns the current fleet of underground equipment and will procure any additional fleet required for the mine, significantly reducing the capital intensity of the project for Barminco. “The continuation of our relationship with Barrick at the Hemlo gold mine for at least the next three years is another great example of how our contract mining team extends cont
August 6, 2024
VANCOUVER, BC , Aug. 6, 2024 /CNW/ - Luca Mining Corp. (" Luca " or the " Company ") (TSXV: LUCA ) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has engaged Cominvi, S.A. de C.V. ("Cominvi") to carry out core mining operations at the Company's 100% owned Campo Morado copper-zinc-gold mine located in the state of Guerrero in southwestern Mexico . Cominvi is one of the largest and most respected mining contractors in Latin America with a particular expertise in underground mining. They have a well-earned reputation for delivering excellent results with the highest degree of safety and responsibility. Working with Cominvi will allow Luca to quickly increase production at Campo Morado and will provide cost effective access to newer mining equipment for the Comp
July 3, 2024
July 2, 2024 (Australian Mining) - Swift will provide entertainment services to AngloGold Ashanti for a further 12 months while upgrading its technical support services to include on-site and remote support for 36 months . The new agreement follows Swift’s earlier agreement with AngloGold Ashanti to install a new wireless active network across the miner’s Tropicana site in Western Australia. Swift’s relationship with AngloGold Ashanti commenced in 2015, initially providing technical network customer support and Foxtel subscription services via a reseller agreement. Since 2015, the relationship has expanded to include the Wi-Fi upgrade, entertainment services and 24–7 technical support. Swift’s comprehensive knowledge and understanding of Tropicana’s village infrastructu
July 1, 2024
July 1, 2024 (Australian Mining) - Macmahon Holdings has been reappointed as the mining contractor of Anglo American’s Dawson South project in the Bowen Basin region of Queensland. The Dawson South project forms part of the Dawson coal mine located 180km west of Gladstone. Macmahon first became Anglo American’s mining contractor at Dawson South in March 2021. This $200 million contract ended June 30. Now, the mining contractor has been awarded a new three-year contract where Macmahon will continue providing open cut mining services to the project by utilising its current load and haul and equipment maintenance workforce. The contract commences on July 1 and is expected to add about $130 million annually to Macmahon’s order book
July 1, 2024 (Australian Mining) - Mineral Resources (MinRes) subsidiary CSI Mining Services has commenced transporting bauxite ore for Rio Tinto’s Weipa operations in northern Queensland. CSI is a leading provider of innovative pit-to-ship solutions such as crushing, screening and processing operations for MinRes and Tier 1 mining clients. In April, it was announced that CSI had received a contract to deliver haulage services for a Tier 1 mining company. CSI commenced the hauling operations a month later. Now, CSI has started transporting bauxite from Rio’s Weipa operations , which comprises three bauxite mines, processing facilities, shiploaders, an export wharf, two ports, power stations, a rail network and ferry terminals. CSI is carrying out the transportation by using e
June 24, 2024
June 24, 2024 (IM-Mining) - Perenti Ltd has announced that its underground mining business, Barminco, has been awarded a three-year extension of its mining services contract at AngloGold Ashanti’s Sunrise Dam underground gold mine in the Goldfields of Western Australia. The A$450 million contract is for three years commencing October 1, 2024 and includes underground development, production and mining support services. No new growth capital expenditure is required. Mark Norwell, Managing Director & Chief Executive Officer of Perenti said: “AngloGold Ashanti is one of our largest clients, and we are proud to have worked with them for the past 20 years. Perenti has an excellent track record at extending existing contracts which we attribute to our collaborative relationshi
June 17, 2024
June 17, 2024 (Australian Mining) - Thiess has extended its mining services contract with BHP Mitsubishi Alliance (BMA) for the Caval Ridge coal operations in Queensland’s Bowen Basin. Thiess first started carrying out mining services at the operations in December 2017, with the contract extending in November 2022. The contract has now been extended yet again for another four years. Worth $580 million, the contract will see Thiess continue to provide mining services at Caval Ridge, operating and maintaining mining equipment to move overburden to support BMA’s production requirements. “We are very pleased that our ongoing commitment to safe and sustainable mining has resulted in BMA awarding us a four-year extension at Caval Ridge,” Thiess Group executive chair and chief exe
June 13, 2024 (IM-Mining) - Wood has been awarded a contract by Newmont to enhance the Lihir gold mine in Papua New Guinea, with the contractor set to support the gold miner’s capital works program, including projects to maintain and improve the condition and performance of the Lihir operation. The new $18 million contract will see Wood provide consulting and engineering services to support and enhance the safe and efficient processing of gold across various stages of the project lifecycle at Lihir. The scope includes the delivery of concept and feasibility studies, detailed design and construction management services. Wood says it will apply its leading expertise in gold pressure oxidation and remote capital project delivery in the Indo-Pacific region to deliver t