01.08.2023

'STEM Big Day Out' launches in Central Qld

260 Central Queensland high school students are set to take part in the state’s first ever STEM Big Day Out which puts the spotlight on a whole new era of exciting careers for young people in the resources sector. Students will receive an insight into the world of STEM (Science, Technology, Engineering and Maths) through a unique program developed by the Queensland Resources Council’s education arm, the Queensland Minerals and Energy Academy (QMEA) and supported by BHP Mitsubishi Alliance (BMA).  

Market-Place-4.0 Glencore plc Pan American Silver

31.07.2023

Glencore to overtake Pan American stake in MARA Project

Glencore to overtake Pan American stake in MARA Project (credits: pixabay / Geizkragen69)

Glencore to acquire Pan American’s 56.25% stake in MARA Project, becoming its sole owner

Glencore International AG (Glencore) and Pan American Silver Corp. (NYSE: PAAS, TSX: PAAS) (Pan American) announced they have reached an agreement for Glencore to acquire the 56.25% stake in the MARA Project (MARA or the Project) from Pan American.
Under the terms of the agreement, Glencore will pay $475 million in cash upon closing and grant Pan American a copper Net Smelter Return (NSR) royalty of 0.75%.
The Project was first formed through the integration of the Minera Alumbrera plant and mining infrastructure and Agua Rica project in a joint venture between Yamana Gold, Glencore and Newmont in December 2020.
Glencore acquired Newmont’s 18.75% stake in October 2022, bringing its shareholding to 43.75%. Pan American acquired Yamana Gold’s 56.25% stake as part of its acquisition of Yamana Gold Inc. in March 2023.
MARA, located in the Catamarca province of Argentina, has proven and probable mineral reserves of 5.4 million tonnes of copper and 7.4 million ounces of gold contained in 1.105 billion tonnes of ore. It has a 27-year mine life based on mineral reserves supported by more than 86 kms of drilling.
The brownfield MARA project ranks as one of the lowest capital-intensive copper projects in the world today, owing to the existing well maintained Alumbrera processing plant and associated infrastructure. MARA is expected to be in the top 25 global copper producers when operational, with an expected average copper production over the first 10 full years exceeding 200kt per annum (with further material by-product credits).
Glencore has extensive institutional knowledge of the asset and the jurisdiction, based on its successful history of running the Alumbrera operations prior to the integration with Agua Rica in 2020.
The closing of the transaction is subject to customary conditions and regulatory filings. Glencore expects the transaction to be completed in Q3 2023.

Source: Glencore

#mergers and acquisitions #investments #Argentina (AR) #silver #Glencore plc #Pan American Silver #Mining #underground mining

                     

28.07.2023

Sika invests in macro fibers for fast-growing demand for sustainable concrete in the USA

Sika has increased production capacities for macro fibers at its plant in Chattanooga, Tennessee, thus extending a product line of strategic importance for Region Americas. With this innovative fiber technology, Sika is further strengthening its position as the leading single-source supplier to the mining industry and a strong partner for sustainable construction projects.  

28.07.2023

Komatsu’s digital Operator Guidance Monitor

A digital solution to increase savings and safety for your Rigid Dump Trucks on mining and quarry jobsites.  

27.07.2023

Topcon Solutions Store acquires Pennsylvania-based Boyd Instrument and Supply

Topcon Positioning Systems announces a new addition to its Topcon Solutions Store (TSS) organization. Boyd Instrument and Supply of Horsham, Pennsylvania is now part of the TSS North American retail channel and joins a growing network of stores, currently across 20 states.