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Park Village Auctions to handle Finsch Diamond Mine asset sale

2026-09-03

Park Village Auctions has been appointed to manage the comprehensive asset disposal of the Finsch Diamond Mine in South Africa's Northern Cape, following the adoption of a business rescue plan in August 2026. This significant sale follows Petra Diamonds' decision to cease operations due to challenging market conditions, including declining prices for smaller diamonds and a lack of higher-value stones at Finsch, signaling a strategic shift towards their higher-value Cullinan mine. The phased sale will encompass a vast array of mining, processing, and support equipment, with proceeds primarily directed towards creditors.

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Recent Articles

Energy Secretary Keeps the Mid-Atlantic Powered During Hot Weather Conditions

2026-09-03

The U.S. Department of Energy (DOE) issued an emergency order on September 1, 2026, directing PJM Interconnection to stabilize the Mid-Atlantic power grid and prevent blackouts during a forecasted heatwave. This move, championed by U.S. Secretary of Energy Chris Wright, underscores a policy shift prioritizing grid reliability through dispatchable generation, signaling potential sustained demand for coal, natural gas, and other conventional energy sources critical to the mining industry.

ZCCM targets $1.8bn from formalised small-scale gold sector

2026-09-03

Zambia’s state mining investment company, ZCCM Investments, is targeting over $1.8 billion in annual revenue from its small-scale gold sector by implementing a comprehensive formalization strategy, drawing inspiration from Ghana's successful model. This ambitious initiative aims to significantly boost official gold export figures, which currently show a vast disparity between declared Zambian exports and gold imports reported by countries like the UAE and Hong Kong. The plan seeks to capture the substantial value currently lost to informal trade, enhancing Zambia's foreign exchange earnings and overall economic stability amidst strong global gold prices.

How autonomous vehicle fleets are reshaping Australia’s mining workforce

2026-09-03

Australia's mining sector is undergoing a profound transformation as autonomous vehicle fleets become increasingly prevalent across its operations. This shift, driven by technological advancements, is fundamentally reshaping the workforce, moving personnel from traditional vehicle operator roles into sophisticated remote control rooms and other technology-centric positions. Mining operators are actively engaged in redefining job functions, implementing comprehensive retraining programs, and preparing their employees for a more digitally oriented future, as reported on September 3, 2026, by Scarlett Evans for Mining Technology.

Energy Secretary Saves Coal-Fired Generation from Going Offline in Florida

2026-09-02

U.S. Secretary of Energy Chris Wright issued an emergency order on September 1, 2026, directing the Orlando Utilities Commission (OUC) to keep Unit 1 of the coal-fired Stanton Energy Center online in Florida, preventing a planned extended shutdown. This directive, effective from September 2 to November 30, 2026, aims to bolster grid reliability and mitigate rising energy costs, reflecting a broader federal strategy to preserve baseload coal generation across the nation. For the mining industry, this intervention signals continued policy support for thermal coal, influencing demand forecasts and investment decisions in a critical energy market.

How robotics and automation are building the mine of the future

2026-09-02

The mining industry is on the cusp of a significant transformation driven by robotics and automation, heralding an era of enhanced safety and unparalleled productivity. A recent discussion featuring mining engineering professor Steve Schafrik and Epiroc's Brad Baillio highlighted how these technologies, including advanced underground mapping, are fundamentally reshaping operational paradigms and building the "mine of the future" as of September 2, 2026. This paradigm shift addresses critical industry challenges, from worker safety in hazardous environments to the imperative for greater operational efficiency and precision in resource extraction.

Metso to supply process technology for GTK Mintec plant in Finland

2026-09-02

Metso has secured an agreement with the Geological Survey of Finland (GTK) to engineer and deliver advanced process technology for GTK Mintec’s new pilot plant in Outokumpu, Finland. Scheduled to commence operations by the end of 2028, this facility will significantly expand GTK’s research and service capabilities, focusing on both traditional mineral processing and circular economy materials, with a strong emphasis on energy and water efficiency. The project underscores the long-standing collaboration between Metso and GTK, positioning Finland as a key hub for sustainable mining innovation.

Altris Engineering to spearhead Ema Project FEED phase for BCM

2026-09-01

Brazilian Critical Minerals (BCM) has appointed Altris Engineering as the lead design engineer for the crucial Front-End Engineering and Design (FEED) phase of its Ema Rare Earth Project in Brazil. This development, announced as of early September 2026, marks a significant progression for the project, building upon Altris’s prior involvement in the Bankable Feasibility Study. The 24-week FEED phase will focus on detailed process plant design and infrastructure, integrating critical testwork, and preparing the project for final investment decision and subsequent construction.

GrafTech plans shutdown of Monterrey graphite facility in Mexico

2026-09-01

GrafTech International is set to permanently shut down its graphite electrode manufacturing plant in Monterrey, Mexico, with production ceasing in early Q2 2027. This strategic move aims to recalibrate the company's manufacturing capacity in response to persistent global market overcapacity and its impact on pricing and industry returns. The closure will reduce GrafTech's annual electrode capacity by 51,000 tonnes, allowing the company to consolidate operations at its larger European facilities and enhance overall network utilization and financial health.

McEwen Copper secures $240m loan for Los Azules project

2026-08-31

McEwen Copper, a subsidiary 46.3% owned by McEwen, has successfully secured a $240 million senior secured term loan to advance its Los Azules copper project in San Juan, Argentina. This four-year facility, supported by Sprott Natural Resource Investment Partners and McEwen chairman Rob McEwen, will fund critical engineering, early works, and general corporate activities, targeting commercial copper cathode production by 2030. The financing underscores growing lender confidence in both the project's potential and Argentina's improving investment climate under President Javier Milei.

Breaking down silos: improving coordination in autonomous mining

2026-08-31

The mining industry is currently witnessing a pivotal shift from individual autonomous equipment deployment to the sophisticated coordination of entire fleets, as highlighted by Alejandro Gonzalez on August 31, 2026. This next frontier in automation involves AI-enabled operational platforms that aim to break down operational silos, optimizing decision-making across connected autonomous trucks, drills, and drones. Such integrated intelligence promises to unlock significant gains in efficiency, safety, and overall productivity, redefining modern mining operations.