Newmont, Almonty & Falk: This Week's Top Mining Stories
Barrick Gold and Newmont Mining have finalised an agreement to expand their Nevada Gold Mining (NGM) joint venture to include a number of nearby gold projects, according to a regulatory filing.
The deal expands the JV to include Barrick’s Fourmile project and Newmont’s Fiberline and Mike developments. The Fourmile project is a promising high-grade gold deposit adjacent to its Goldrush project. As part of the agreement, Newmont has also agreed to pay Barrick US$1.95bn in cash.
The agreement stipulates that these properties will be added to the joint venture within 30 days following the contribution of the Fourmile project, which is expected to enhance the operational synergy of Nevada Gold Mines.
Newmont had been involved in a protracted dispute with Barrick over the inclusion of excluded properties, including Barrick’s Fourmile and Newmont’s Fiberline and Mike developments, in the NGM joint venture. The dispute was resolved in August 2026.
The Interior Secretary of the US government announced that the US government was planning to issue permits to allow deepsea mining within the next few months.
Interior Secretary Doug Burgum made the comments during a meeting of G20 energy ministers in Houston on 14 September 2026.
In comments reported by Reuters, Doug said “Those modules that we just have to go out and vacuum up off the floor are filled with these critical minerals that we need.”
“Part of that is assuring that we’ve got diverse, secure, affordable supply of critical minerals.”
Part of the appeal of deepsea mining lies in the apparent ready supply of polymetallic nodules containing manganese, nickel, cobalt, and copper from the deep seabed in certain areas beyond national jurisdiction.
Recent advances in maritime technology, and in particular advances in the realm of automated mining vehicles capable of harvesting such nodules at great depths of over 4,000m. These advances indicate that subsea mining technology has moved far beyond the dredging of the diamond rich seabed found off the coast of Namibia.
The attraction in securing a domestic supply of such critical raw materials would help to address US supply concerns around critical raw materials. Such motivations were cited by President Donald Trump when he signed Executive Order 14285 authorising greater interest in deepsea mining in 2025.
Tungsten miner Almonty has announced a deal with Rwanda’s government to process tungsten within the African country in exchange for an exploration licence.
As part of the terms of the deal, the Rwandan government will receive a 25% share in Almonty’s local Rwandan subsidiary. In return, the Rwandan government will provide a mineral processing licence, along with a tungsten exploration licence, Shyorongi.
During the initial stages of the project, Almonty will source ore and pre-concentrate from local artisanal miners as well as domestic licence holders.
Lewis Black, Chairman, President and Chief Executive Officer of Almonty, said: "The most immediate opportunity here is the material that is already being produced.”
“Rwanda's small-scale license holders are producing ore, pre-concentrate and panning tailings today, and this agreement allows us to collect, upgrade and export that material while we build out the collection and processing plant.”
For generations, mining operations around the world have relied on Falk gear drives to keep their operations running efficiently. While today’s operations benefit from Falk’s advancements in gear drive technology, many of the engineering principles behind those legacy solutions can be traced back more than a century and remain just as relevant today.
The story of Falk is more than that of a gearbox manufacturer; it is the story of continuous innovation, adaptation and an unwavering commitment to solving some of the most complex power transmission challenges. From its beginnings in Milwaukee’s brewing heritage to its role supporting heavy industry and major global initiatives, Falk has spent more than 125 years earning its reputation as “A Good Name in Industry”.
Hong Kong-based mining company MMG has strongly rebutted the basis upon which the European Commission was raising formal concerns about its proposed acquisition of Anglo American’s Brazilian nickel assets.
“Blocking this acquisition would create a lose-lose outcome for all stakeholders,” said Troy Hey, Executive General Manager Corporate Relations. “Rather than strengthening competition, it threatens to limit investment and jobs in Brazil and remove supply from the market.”
Company portals
Executives
Lewis Black
Chairman, CEO and President
Sebastiaan Bock
Chief Operating Officer - Barrick Africa & Middle-East
Troy Hey
Executive General Manager - Corporate Relations
