Infomine

First Majestic’s new mine increase silver production by 21%

By Michael Allan McCrae The addition of the First Majestics’ San Dimas Mine bumped silver production from 2.29 million ounces to 2.75 million ounces. The Vancouver-based silver company (TSE:FR) announced its second quarter on Monday. “During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” […]

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Noront Resources won’t be building its $1B Ferrochrome plant in Sudbury or Thunder Bay

By Michael Allan McCrae The four cities vying for Noront Resources’ Ferrochrome Production Facility has been reduced to just two candidates: Timmins and Sault Ste. Marie. On Friday Noront outlined reasons for dropping Thunder Bay and Sudbury from the list. Noront says the Sudbury proposal had the lowest operating cost, but there were significant capital

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Vale’s iron ore output hit fresh record high despite truckers strike

By Cecilia Jamasmie Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, said Monday that production of the steelmaking material and pellets hit a fresh record high for a second quarter despite a nationwide trucker strike that paralyzed the country in May. The Rio de Janeiro-based miner said iron ore output hit 96.755-million tonnes in

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Germany to host Europe’s first EV battery plant

By Valentina Ruiz Leotaud German Chancellor Angela Merkel welcomed this week the investment Chinese firm CATL will make to build Europe’s first electric car battery plant. During a press conference held with Chinese Prime Minister Li Keqiang, Merkel confirmed previous informations that stated that the factory will be built at Erfurt, in Thuringia, and its

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Antofagasta sells electricity transmission business for $117m

By Cecilia Jamasmie Chile-focused copper miner Antofagasta Plc (LON:ANTO) said Friday it had sold its electricity transmission business Centinela Transmisión for $117 million. Proceeds from the sale would enable Antofagasta to focus on its core activity of producing copper. The company said the sale of the unit that holds its electricity transmission lines was consistent

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Rio Tinto’s ‘world’s largest robot’ delivers first iron ore load

By Cecilia Jamasmie Rio Tinto’s fully autonomous train, said to be the world’s largest robot, has completed its first delivery of iron ore between the company’s Mount Tom Price mine and the port of Cape Lambert. The “significant milestone” in Rio’s $940 million Autohaul project was reached on Tuesday when the train consisting of three

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