ARENA Announces Funding for Lower-Emissions Steel Pilot in Australia
Wedoany.com Report-Jun 22, The Australian Renewable Energy Agency (ARENA) has committed A$19.8 million (US$12.9 million) to support the NeoSmelt steel pilot project in Kwinana, Western Australia. Desc...
Dundee Precious Metals to Acquire Adriatic Metals for $1.3bn
Wedoany.com Report-Jun 21, Dundee Precious Metals (DPM) has announced an agreement to acquire all issued shares of Adriatic Metals in a transaction valued at approximately $1.3 billion (C$1.77 billion...
Viridis Mining Secures Funding for Colossus Project in Brazil
Wedoany.com Report-Jun 21, Viridis Mining and Minerals, in collaboration with its Viridion joint venture, has been selected by Brazil’s Development Bank (BNDES) and the Funding Authority for Stu...
Adani’s Kutch Copper Plant Begins Processing Ores Amid Global Shortage
Wedoany.com Report-Jun 20, The Adani Kutch Copper plant, a new smelter owned by Indian billionaire Gautam Adani, has commenced operations in Gujarat, India. The facility began processing mined ores th...
Rio Tinto Invests in Demonstration Project to Test Ore Sorting Technology
Wedoany.com Report-Jun 20, Rio Tinto has committed C$7.6 million (£4.12 million) to an industrial demonstration project at its Lac Tio mine in Havre-Saint-Pierre, Quebec, Canada. The initiative ...
Meeka Metals Secures $39M for Murchison Gold Project Expansion
Wedoany.com Report-Jun 20, Meeka Metals, an Australian gold mining company, has secured A$60 million ($39 million) through a share placement supported by both existing and new institutional investors....
Arcelormittal Drops Plans for Green Steel in Germany Due to High Energy Costs
Wedoany.com Report-Jun 20, On Thursday, ArcelorMittal, the world’s second-largest steelmaker, announced it would not proceed with plans to convert its steel plants in Bremen and Eisenhuettenstad...
Sumitomo Receives FIRB Nod for Investment in Tivan’s Speewah Fluorite Project
Wedoany.com Report-Jun 19, Sumitomo has confirmed that its joint venture (JV) partner, Tivan, has received approval from the Australian Government’s Foreign Investment Review Board (FIRB) for it...
Nippon Steel’s Purchase of U.S. Steel Closes, With Big Role for Trump
Wedoany.com Report-Jun 19, On Wednesday, Nippon Steel, a major Japanese steel company, completed its $14.9 billion acquisition of U.S. Steel, a historic American steelmaker based in Pittsburgh, Pennsy...
Element 25 Receives $32.5m From NAIF to Expand Australian Manganese Project
Wedoany.com Report-Jun 18, Australian mining company Element 25 has obtained a senior debt finance facility of up to A$50 million ($32.5 million) from the Northern Australia Infrastructure Facility (N...