Finance & business

The company is aiming to develop greater flexibility across its system of mines, rails and ports in Western Australia through the application of automation and other initiatives.

The company has agreed with Anglo American to acquire a further 21.9% equity interest in the mine, increasing its total interest to 40%.

According to a recent report by the Chartered Professional Accountants of British Columbia (CPABC), the revival of the mining industry in Cariboo (Canada) is to help offset the effects of wildfires in the region.

Vale finalises agreements with Wheaton and Cobalt 27 to sell an aggregate total of 75% cobalt stream, which will allow the company to develop its Voisey Bay mine.

Tharisa acquires a 26.8% shareholding in Karo Mining Holdings Ltd for US$4.5 million from the Leto Settlement.

Katanga Mining enters into agreement with its JV partner La Générale des Carrières et des Mines for the termination of legal proceedings brought by Gécamines in the DRC courts and resolve KCC’s previously disclosed capital deficiency.

Rio Tinto appoints Jakob Stausholm as Chris Lynch’s replacement as Chief Financial Officer, effective from September when Lynch is due to retire.

Haver & Boecker has expanded its process equipment division through the hiring of a technical application specialist.

Eriez has earned the Export Leadership Award after demonstrating exemplary leadership when exporting products to Chile.

Lion One Metals Ltd enters into an indicative term sheet with Sinosteel Equipment & Engineering Co., Ltd. and Baiyin International Investment Ltd. for a US$40 million debt financing facility.

PwC’s ‘Mine 2018’ report analysis confirms an upswing in the mining cycle, which comes on the back of rising global economic growth and a recovery in commodity prices.

Cruz Cobalt Corp. signs a letter of intent (LOI) with EMX Royalty Corp. and Fennoscandian Investment Group to acquire two Cobalt-Nickel-Copper projects in Norway.

East Asia Minerals Corp enters into a CAN$17.5 million credit facility agreement and first tranche of private placement.

RCT's Custom Manger will be presenting two papers at the upcoming Automining 2018 in Chile next week, owing to the company’s extensive involvement in the Chilean mining market.

Trevali Mining Corp. elects a new Chief Financial Officer of the company following the retirement of its most recent holder of the position.