Within Fives, the Cement | Minerals Business Line recently set up a new operational entity in the Middle East to support customers with services and technical assistance.
Based in Dubai, U.A.E, and referring to the Services Department, this entity aims at supporting Fives' customers through a local presence and a complete offer of services: upgrade and revamping projects, technical assistance, supply of spare parts, on-site machining, etc.
Thus, Fives will provide customers with comprehensive solutions and efficient services to empower their plant while reducing operational costs.
Pan African Minerals, a unit of Timis Mining Corp., won’t resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company’s $2.2 billion claim against the West African nation.
Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.
Following significant downfall in domestic sponge prices, export offers have also went down by USD 5-10/MT and by USD 10-15/MT in a week's duration.
Murchison Minerals (TSXV: MUR) announced this week that it is now the sole owner of the HPM nickel-copper-cobalt project in Québec, following its acquisition of Pure Nickel's 50% interest in the project.
South Africa's AngloGold Ashanti (JSE:ANG) (ASX:AGG) (NYSE:AU) is selling its stake in Northern Colombia Holdings to Royal Road Minerals (TSX-V:RYR) as it looks to focus on its other local exploration projects, which have longer shelf life and the ability to deliver higher returns.
Australia’s gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years, consultancy Surbiton Associates says.