Komatsu acquires Joy Global

Komatsu America Corp, a subsidiary of Komatsu Ltd, has completed its acquisition of Joy Global Inc, a worldwide leader in high-productivity mining solutions. Joy Global will be renamed Komatsu Mining Corp, will retain its headquarters in Milwaukee, USA, and will operate as a subsidiary of Komatsu.

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Geopacific takeover offer for Kula

Geopacific Resources is making an off-market takeover offer for Kula Gold, its joint venture partner in the Woodlark Gold Project in Papua New Guinea. The offer is one Geopacific share for every 1.4723 Kula shares.

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Indonesia allows temporary Grasberg exports

A temporary mining licence has been issued by the Indonesian government to Freeport-McMoRan’s local unit allowing it to resume concentrate exports from the Grasberg Copper Project in Papua Province, according to Bloomberg. The resumption follows a period of about 12 weeks during which exports ceased and production halted.

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Maiden Unkur copper-silver resource

Azarga Metals Corp estimates that it has the equivalent of 124 million ounces of silver at its Unkur Copper-Silver Project in eastern Russia. The company has recently received a maiden resource estimate for Unkur, which is in the Zabaikalsky region.

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