Finance & business

Group Chief Financial Officer, Lars Vestergaard, and the FLSmidth Board of Directors have agreed that Lars Vestergaard will step down and leave FLSmidth effective immediately.

KORE Mining Ltd. has announced that Newmont Goldcorp Corporation has agreed to accept common shares of KORE in settlement of a future US$1 million payment to Newmont Goldcorp.

Cummins Inc. has announced its next environmental sustainability strategy, which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change.

Rio Tinto has approved a US$749 million investment in its existing Greater Tom Price operations to help sustain the production capacity of its world-class iron ore business in the Pilbara of Western Australia.

Bacanora Lithium plc has raised £7 729 150 (approximately US$10 million) via the placing of 30 916 601 new ordinary shares in the company with one of its long standing cornerstone shareholders, M&G Plc.

Kodal Minerals has advised that the Environmental and Social Impact Assessment (‘ESIA’) application for the Bougouni Lithium Project has been approved.

ASI has improved an algorithm for autonomous vehicles to detect drop-offs and other large negative obstacles often found in the environments in which automated off-road vehicles operate.

Rio Tinto will work with leaders in Australia’s education and innovation sectors in a new, disruptive approach designed to tackle a looming skills gap in the nation’s future workforce.

Flexco recently announced that its Grand Rapids facility will be expanding its operation and moving to a new location.

Lucara’s success at the Karowe mine continues, most recently with rare gem quality blue and pink diamonds recovered in September 2019.

The Ghanaian Ministry of Lands and Natural Resources has approved the recommendation for the grant of a 10-year mining lease on the Akrokeri and Homase Licences.

The Queensland Resources Council has participated meetings to help drive the region's critical minerals potential to attract more overseas investment, drive more international trade and create more jobs and economic prosperity.

The award for Technology Transfer recognises perception-shifting innovations that demonstrate effective use of existing technology from one sector to another in an alternative way.

Armadale Capital plc has confirmed that the mine design for the Mahenge Liandu Graphite Project is now being finalised for inclusion in the definitive feasibility study.

Metals and mining industry mergers and acquisitions (M&As) worth US$1.9 billion were announced in September 2019.