Articles for tag: coinvestment, enter, Gold, mining, partnership, royalty, Taurus, threeyear

April 24, 2024

Ron Finklestien

mining

Gold Royalty, Taurus Mining Royalty enter three-year co-investment partnership

The agreement provides a framework for cooperation and communication amongst the parties in the identification and evaluation of potential co-investment opportunities, a statement from Gold Royalty said. Each party will have the right to invest between 25% and 50% in select asset transactions with a value of $30 million or more, the royalty firm said, adding that future dispositions of interests acquired by either party through this arrangement will be subject to rights of first offer. John Griffith, chief development officer of Gold Royalty, said this agreement would offer the company an enhanced access to new and complementary geographic regions.

March 19, 2024

Ron Finklestien

mining

MineHub and Sumitomo Forge Stronger Partnership with Refined Copper Trading Addition

The Dawn of a New Era in Metal Trading As MineHub and Sumitomo join forces to propel commercial traction and introduce Sumitomo’s refined copper business into the MineHub platform, a new chapter of growth and ingenuity unfolds in the metals industry. The CEO of MineHub expressed his optimism about this collaboration, emphasizing the potential to unlock fresh opportunities in the market. Streamlined Operations and Enhanced Customer Service Sumitomo’s General Manager of the non-ferrous metals and raw material unit, Takeshi Ishimaru, underlined the benefits of this integration. He believes that incorporating the refined copper business onto the MineHub platform will not

January 22, 2024

Ron Finklestien

mining

Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service

Expanding the Collaborative Horizon Glenn Heard, the mining executive at Barrick, heralded the ongoing cooperation with Sandvik Mining and Rock Solutions as an instrumental source of value-adding technologies for Barrick’s global mining operations. “This mutually beneficial cooperation will help ensure we continue our growth journeys in the areas of automation, digitalization and electrification in order to drive improvements across our sites,” asserted Heard. The extended framework agreement encompasses Barrick’s rollout of Sandvik’s remote monitoring service (RMS) to its entire global underground fleet of more than 200 connected Sandvik trucks, loaders, and drills. RMS has garnered praise by reducing maintenance costs

January 3, 2024

Ron Finklestien

mining

Chilean Government’s Lithium Partnership Chilean Government Forges New Path with Lithium Partnership

President Gabriel Boric’s bold plan mandates that any company seeking to mine lithium in Chile must form a partnership with the government, with the state possessing a controlling stake. The innovative strategy seeks to not only expand lithium extraction but also utilize cutting-edge eco-friendly technology and incorporate the perspectives of local Indigenous communities. Executives from China’s Tianqi, a significant shareholder in SQM, expressed their investment intentions during a meeting in December. Similarly, LG Energy and France’s Eramet indicated their interest in forming alliances, with the latter looking to explore a partnership in its 120,000-hectare lithium concession in the Atacama region.