Finance & business

Rio Tinto has completed the sale of a royalty it holds, covering the Cortez mine operational area, to RG Royalties LLC for US$525 million in cash.

Lynas Rare Earths Ltd has announced plans to expand capacity at the Mt Weld mine and concentration plant to meet accelerating market demand for rare earth materials.

Lindian Resources Ltd has agreed terms to acquire Rift Valley Resource Developments Ltd, a Malawian company that owns the Kangankunde Rare Earths Project.

ioneer Ltd has signed a binding lithium carbonate offtake supply agreement with the Prime Planet Energy & Solutions (PPES) joint venture.

The government of the Republic of Guinea, WCS, and Rio Tinto Simfer have incorporated a JV to progress plans to develop infrastructure for the Simandou iron ore project.

AspenTech has expanded its software portfolio to include an end-to-end mining software suite with an agreement to acquire Micromine.

A large copper mine in Asia has placed an order with Kwatani for 70 vibrating screens.

The Directors of Dart Mining NL have announced the signing of an earn-in agreement with SQM for its Dorchap Lithium Project.

Energy Exploration Technologies Inc. (EnergyX) has announced a US$450 million investment commitment from Global Emerging Markets (GEM).

Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ sixth sales cycle of 2022.

Auris Minerals Ltd has provided an update on exploration completed by Sandfire Resources Ltd during the June 2022 quarter across the company’s joint venture portfolio located in the Bryah Basin, Western Australia.

GCM Mining Corp. and Aris Gold Corp. have entered into a definitive agreement under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM.

Thiess Group Investments Pty Ltd has announced an off-market takeover offer to acquire all of the ordinary shares of MACA Ltd.

Epiroc has won a large order for surface mining equipment from Société Nationale Industrielle et Minière in Mauritania.

Teck Resources Ltd has announced an agreement with PolyMet Mining Corp. to form a 50:50 joint venture to advance PolyMet Mining Inc’s NorthMet Project and Teck’s Mesaba mineral deposit.