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Chinese miners’ deal frenzy seen stalling on regulatory hurdles
Chinese miners’ deal frenzy seen stalling on regulatory hurdles Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China’s state miners and limit Beijing’s role in gold sector consolidation, bankers and analysts said. Shandong Gold and Zijin Mining ha...Read more -
Galaxy moves Sal de Vida lithium project to design phase
Galaxy moves Sal de Vida lithium project to design phase Australia’s Galaxy Resources (ASX:GXY) confirmed on Tuesday that it is on track to begin production at its Sal de Vida lithium brine project in Argentina by 2022, despite the covid-19 pandemic impacting the development schedule. The...Read more -
Nornickel rejects $2.1 billion fuel spill charge
Nornickel rejects $2.1 billion fuel spill charge MMC Norilsk Nickel PJSC said it disagreed with a Russian watchdog’s 148 billion-ruble ($2.1 billion) estimate of the damage caused by a fuel spill from one of its storage tanks in the Arctic. The Federal Service for Supervision of Natural R...Read more -
Greenfields Exploration wants to snap up third of Greenland licences
Greenfields Exploration wants to snap up third of Greenland licences Greenfields Exploration said on Wednesday it had identified a “shopping list of high-quality acquisitions” in Greenland, which could give it about 28% of all areas under license in the mineral-rich, but under-explored country. ...Read more -
Escondida offers early retirement amid pandemic
Escondida offers early retirement amid pandemic BHP said on Wednesday its Escondida copper mine in Chile, the world’s largest, had offered some workers the option for early retirement amid the coronavirus pandemic, a plan blasted by the company’s union as a scheme to oust the old and sick...Read more -
Gold price and reserve depletion to drive M&A – BofA
Gold price and reserve depletion to drive M&A – BofA The total transaction value of mergers and acquisitions in the second quarter of the year reached $2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier produ...Read more -
Monarch Gold compiles data on Barrick original asset
Monarch Gold compiles data on Barrick original asset Monarch Gold (TSX: MQR) announced that it will be undertaking a vast, detailed compilation and 3D modelling program on its Camflo property in Quebec, Canada. Camflo is known for being Barrick Gold’s original asset. The property, locate...Read more -
Codelco to suspend northern construction projects
Codelco to suspend northern construction projects Chile’s state-controlled Codelco copper miner said on Saturday it will suspend construction projects in the northern part of the country and try to maintain production at its Chuquicamata mine while staffing the operation with local person...Read more -
Hudbay appeals court decision on Rosemont
Hudbay appeals court decision on Rosemont Hudbay Minerals (TSX, NYSE: HBM) has filed its initial brief with the US Court of Appeals regarding the decision made by the US District Court for the District of Arizona almost a year ago to deny the company from proceeding with construction at i...Read more -
Chinese steel giant eyes Simandou
Chinese steel giant eyes Simandou Chinese steel company Baowu is at the head of a group of steelmakers seeking to develop the massive Simandou iron mine in Guinea, taking over from Aluminum Corp. of China (Chalco) as it seeks to secure supply of the raw material, Caixin Global reported Tu...Read more -
Pancontinental drops battery metals projects to focus on gold
Pancontinental drops battery metals projects to focus on gold Tempus Resources, a private Canadian company incorporated in Ontario, signed a purchase agreement with Pancontinental Resources (TSXV: PUC) to acquire a 100% interest in Pancon’s Montcalm, Nova, Gambler and St. Laurent nickel-c...Read more -
Attack on coltan mine in Congo leaves three dead
Attack on coltan mine in Congo leaves three dead A violent attack on Société Minière de Bisunzu’s (SMB) coltan mine in the Democratic Republic of Congo has killed three and injured another three workers, amid an increase of attacks to mining operations in the country’s mineral-rich easter...Read more