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1 week ago | 
power-technology.com | Tiash Saha
BHP has announced a collaboration with ACCIONA Energía, a renewable energy and infrastructure company, to evaluate the potential for a pumped hydro energy storage project at the Mt Arthur Coal mine in New South Wales (NSW), Australia. The move aligns with BHP’s strategy to responsibly transition the site towards closure by 2030, when the mine reaches the end of its economic life.
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1 week ago | 
mining-technology.com | Tiash Saha
The Indonesian Government has announced an increase in the royalty rates for nickel, tin and other metal producers, reported Bloomberg, citing a regulation document and sources familiar with the matter. The move is part of an effort to secure funding for President Prabowo Subianto’s high-priority policies, which include a new state investment fund and free school lunches. The changes reflect those discussed in a public consultation last month, with royalties now varying with commodity prices.
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1 week ago | 
mining-technology.com | Tiash Saha
BHP has announced a collaboration with ACCIONA Energía, a renewable energy and infrastructure company, to evaluate the potential for a pumped hydro energy storage project at the Mt Arthur Coal mine in New South Wales (NSW), Australia. The move aligns with BHP’s strategy to responsibly transition the site towards closure by 2030, when the mine reaches the end of its economic life.
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1 week ago | 
mining-technology.com | Tiash Saha
Lundin Mining has completed the sale of its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden for a total consideration of up to $1.52bn. Boliden has acquired 100% of the shares of Somincor–Sociedade Mineira de Neves-Corvo, which operates Neves-Corvo, and 100% of the shares of Zinkgruvan Mining Aktiebolag and North Atlantic Natural Resources Aktiebolag, which together operate Zinkgruvan.
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1 week ago | 
mining-technology.com | Tiash Saha
US-based aluminium company Alcoa has projected that US tariffs on Canadian aluminium imports will cost the company $90m for the current quarter, while announcing the financial results for the first quarter of 2025 (Q1 2025). The company also announced an unfavourable impact of $15m on restart costs for the San Ciprián smelter in Spain. However, the company expects a sequential $165m benefit in alumina costs within its aluminium segment.
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1 week ago | 
mining-technology.com | Tiash Saha
Newmont has completed the previously announced divestment of its Akyem operation in the Republic of Ghana and its Porcupine operation in Canada. The divestitures are part of Newmont’s non-core asset divestiture programme, which is projected to generate up to $4.3bn in gross proceeds, including $3.8bn from non-core assets and $527m from other investment sales. More than $2.5bn in cash proceeds have been received so far in 2025.
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1 week ago | 
energymonitor.ai | Tiash Saha
Extending the life of ageing coal power plants in Australia could lead to increased risks of power supply shortfalls, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, titled ‘Delaying coal power exits: A risk we can’t afford’, examines the implications of relying on deteriorating coal-fired power stations for the country’s energy needs.
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1 week ago | 
mining-technology.com | Tiash Saha
US coal miner Peabody Energy has paused efforts to secure $500m in private debt to refinance part of a $2.1bn bridge loan for the proposed takeover of Anglo American’s steelmaking coal assets, reported Bloomberg, citing sources familiar with the matter. The decision followed a review of the proposed takeover, valued at up to $3.78bn, due to a fire at Anglo American’s Moranbah North Mine, which is included in the deal.
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1 week ago | 
mining-technology.com | Tiash Saha
Canadian gold mining company B2Gold has announced plans to cut approximately 300 jobs in Namibia as it begins the phased downscaling of operations at its Otjikoto gold mine, following the depletion of open pit reserves, reported Reuters. The Otjikoto mine, operational since March 2015, has been a significant contributor to B2Gold’s total output, producing a record 198,142oz of gold last year. The mine has also reported a record profit, supported by high gold prices.
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1 week ago | 
mining-technology.com | Tiash Saha
Chile, Canada and Peru, top copper suppliers to the US, have submitted letters to the US Commerce Department stating that copper imports from their countries do not threaten US security interests and should not be imposed with potential tariffs, reported Reuters. The potential tariffs, which are being evaluated under the national security provision of the Trade Expansion Act of 1962, have raised concerns among the countries, which together supply 94% of the US’ refined copper and copper alloys.
