MiningIndustry

Northern Star Resources Makes a Significant Move to Acquire De Grey Mining for $5 Billion

21 days ago

In a landmark transaction within the mining sector, Northern Star Resources has announced its intention to acquire De Grey Mining, with the deal valued at an impressive $5 billion. This strategic acquisition comes as part of Northern Star's aim to bolster its portfolio and enhance its operational capabilities in the gold mining industry, especially in the Pilbara region of Western Australia, which is renowned for its rich mineral resources.

Tether Proposes Use of USDT for Turkey's Borate Mining Sector

2 months ago

In a significant move aimed at enhancing the Turkish borate mining industry, Tether, the company behind the widely used stablecoin USDT, has reached out to the Turkish government with a proposal. The request encourages the nation to consider integrating the digital token into its mineral extraction and trade processes, particularly focusing on borate minerals, which are essential in a variety of industries, including glass manufacturing, ceramics, and agriculture.

Fortescue Inks $2.8 Billion Deal to Electrify Iron Ore Trucks

3 months ago

In a revolutionary step toward cleaner mining, Fortescue Metals Group signed an AUD 2.8 billion deal to electrify a fleet of iron ore trucks. This strategic partnership will transform the company's mining operations and will massively reduce its carbon emissions while improving sustainability.