Finance & business

Wabtec Corp. has announced a US$248 million order from Winning Consortium Simandou to support its rail operations at a high-grade iron ore project in the east of Guinea.

Dyno Nobel has completed construction on a US$1.7 million ground-mounted solar array at its Wolf Lake, Illinois, facility to cover 45% of the site’s current annual electrical demand.

Dyno Nobel’s new tertiary abatement project is anticipated to deliver a reduction of up to 19% in the company’s global operational GHG emissions.

New Frontier Minerals have announced a strategic alliance with Austral Resources to process copper ore across the Mt Isa copper belt in north-west Queensland, Australia.

Metso has renewed its partnership with Dynamox to accelerate the adoption of advanced digital solutions for asset performance management in mining.

The US Department of Energy (DOE) has finalised a US$225 million grant for Standard Lithium and Equinor’s South West Arkansas (SWA) lithium project.

Further to BHP’s announcement on 30 July 2024, BHP Investments Canada Inc. (BHP Canada) and Lundin Mining Corporation (Lundin Mining) have completed the acquisition of Filo Corp., a Toronto Stock Exchange listed company (the Filo Acquisition).

The Clean Energy Finance Corp. has invested in global alternative investment manager Resource Capital Funds to support Australia’s emerging critical mineral supply chain.

Martin Engineering has announced a fresh expansion in Central Asia with the opening of a new business unit in Kazakhstan’s largest city and commercial centre, Almaty.

Fleet Space Technologies has announced the closing of a Series D funding round, led by Teachers’ Venture Growth, Ontario Teachers’ Pension Plan, and joined by existing investors.

Makor Resources and AUYAN have announced funding from Innovate UK to advance their efforts to harness space technology to de-risk and drive a sustainable mining future.

Wheaton Precious Metals has entered into a definitive precious metals purchase agreement with Allied Gold, in respect of the Kurmuk Project located in Ethiopia.

Orica Digital Solutions and KAPEKS have announced a collaboration agreement to introduce advanced digital technologies and solutions across Turkey’s rapidly expanding mining sector.

Jennmar has acquired a line of mine sealant products from Wright-Mix Material Solutions’ Pyro-Chem division – a recognised producer of ventilation sealants for the underground mining industry.

Ramon Barua, CEO, Aclara Resources, examines the disconnect between rare earths’ critical role and its current market reality, and how it poses significant challenges for the future of energy and technological advancements to meet climate goals.