Triple Flag to acquire Ravenswood gold stream for $440m
2026-06-15
<p><strong>Triple Flag Secures Major Gold Stream on Australia’s Ravenswood Mine in $440 Million Deal</strong></p>
2026-06-15
<p><strong>Triple Flag Secures Major Gold Stream on Australia’s Ravenswood Mine in $440 Million Deal</strong></p>
2026-06-15
On June 11, 2026, the United States, Cyprus, Greece, Israel, and Rice University formally committed to establishing the Eastern Mediterranean Energy Center (EMEC) in Houston, Texas. This initiative aims to bolster energy security, foster innovation, and enhance economic growth within the Eastern Mediterranean by facilitating collaboration on natural gas development, LNG infrastructure, and emerging energy technologies, leveraging Houston's status as a global energy hub. The center reinforces U.S. strategic partnerships and expands opportunities for American energy investment in an increasingly vital energy region.
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Rio Tinto and China Baowu have successfully concluded industrial-scale trials in China demonstrating the production of direct reduced iron (DRI) from pellets containing mid-grade Pilbara Blend iron ore using a hydrogen-based shaft furnace. This significant breakthrough paves a viable path for the steel industry to reduce its carbon footprint by expanding feedstock options and moving towards low-carbon steelmaking, fulfilling a key objective of their 2023 decarbonization <strong>Memorandum of Understanding</strong>.
Read More →2026-06-14
<p></p> <p>In a significant move to avert potential blackouts, the U.S. Department of Energy on June 11, 2026, issued an emergency order authorizing Duke Energy to operate generating units in the Carolinas at maximum capacity. This directive, granted under Section 202(c) of the Federal Power Act, explicitly overrides existing air quality and other environmental permit limitations for a critical 30-hour period. The action underscores heightened concerns over grid reliability and signals a federal prioritization of energy security, with substantial implications for the power-intensive mining sector.</p> <p>
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Legacy Minerals has commenced a significant diamond drilling program at its Emu Copper-Gold Prospect, part of the Mt Carrington Project in northern New South Wales, Australia. This marks the first modern exploration drill test in 50 years at a compelling porphyry-epithermal target identified through recent geophysical surveys. The program, spanning up to eight drill-holes for a total of 4,000 meters, aims to unlock substantial copper-gold potential within a highly prospective regional caldera-margin trend.
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Codelco, the world's largest copper producer, has formalized a one-year agreement with French research institute CEA-Liten to accelerate the electrification of underground mining equipment. This collaboration, supported by the Chilean state company and the French FASEP fund, targets advanced simulations, rigorous lithium battery testing, and techno-economic analyses to drive decarbonization and enhance worker safety. The initiative underscores a growing industry commitment to sustainable mining practices and technological innovation.
Read More →2026-06-13
<p></p> <p>In a significant move to ensure grid stability in the U.S. Northwest, Energy Secretary Chris Wright issued an emergency order directing TransAlta Centralia Generation LLC to keep Unit 2 of the coal-fired Centralia Generating Station operational from June 15, 2026, through September 12, 2026. This decision, aimed at mitigating critical reliability issues and the risk of blackouts, follows warnings from organizations like NERC regarding energy shortfalls in the Western Electricity Coordinating Council (WECC) Northwest region. The order highlights the ongoing reliance on coal-fired generation for base-load power amidst rapidly growing demand and contributes to a broader trend of preserving coal plants from premature retirement, directly impacting the domestic thermal coal mining industry.</p> <p>
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Larvotto Resources has announced a binding scheme implementation deed to acquire 100% of Hammer Metals, a strategic move set to create a diversified critical minerals and precious metals company in Australia. The acquisition, valued at approximately A$54 million, will merge Larvotto’s Hillgrove Antimony-Gold Project in New South Wales with Hammer’s significant Mt Isa copper and critical minerals portfolio in Queensland, establishing a combined copper-equivalent resource of around 530,000 tonnes in the Mt Isa district alone. This consolidation is further bolstered by a A$15 million strategic investment from Glencore, underscoring the potential for rapid development and production commencement at the Hillgrove project by August 2026.
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Metso has significantly bolstered its research capabilities with the installation of a TESCAN TIMA automated mineralogy analyser at its Research Centre in Pori, Finland. Announced on June 12, 2026, this strategic investment aims to provide mining customers with faster and more comprehensive mineralogical data, crucial for optimizing mineral processing, hydrometallurgy, and pyrometallurgy operations. The advanced system, combining high-resolution field-emission scanning electron microscopy with multi-detector elemental analysis, underscores Metso's commitment to innovation, risk reduction, and improved resource efficiency across the global mining sector.
Read More →2026-06-12
The rapid global adoption of autonomous haul trucks, with an 84% increase between July 2024 and July 2025 according to GlobalData, is revolutionizing mine safety and productivity. This surge in continuous, around-the-clock operations places unprecedented demands on equipment, making advanced lubrication technology and smarter oil management indispensable for ensuring reliability, extending service intervals, and maintaining the integrity of these high-utilization fleets. The integration of cutting-edge lubricants and proactive monitoring systems is proving critical for sustaining the safety benefits and operational efficiencies promised by automation.
Read More →2026-06-12
BHP, a global mining giant, has formalized a strategic global framework agreement with Wuxi BOTON Technology, a Chinese leader in conveyor systems. Signed in May 2026, this collaboration extends beyond traditional product supply to focus on jointly developing advanced automation technologies for conveyor operations, enhancing sustainability through supply chain carbon footprint monitoring, and bolstering global service support. This partnership aims to improve productivity, reduce environmental impact, and advance the safety and efficiency of mining operations worldwide, leveraging innovations like AI-based belt alignment and robotic inspection tools.
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