Japanese steelmaker Nippon Steel and trading house Sojitz will acquire a 49% stake in Champion Iron’s Canadian iron ore project for $152 million. It is reported by Reuters.
BHP paused operations at two iron-ore mines in Western Australia on Saturday after heavy rains in the country's Pilbara region, a spokesperson told Reuters on Tuesday, adding operations have since resumed.
Mining contractor PT Putra Perkasa Abadi (PPA) recorded an overburden material production (removal of soil covering coal) of 303.36 million bank cubic meters (BCM) from January to November 2024, exceeding the target set for November of 296.15 million BCM.
The Kwinana Industrial Area, in Western Australia, has been selected as the location for Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant.
First Nation Taykwa Tagamou Nation (TTN) will invest $20-million of its capital in TSX-V-listed Canada Nickel Company for an 8.4% interest in the nickel company.
Vale Ventures, the corporate venture capital initiative of Brazilian miner Vale, said on Thursday it has invested in a Boston-based startup focused on developing solutions to decarbonise heat generation.
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