Turquoise Hill rejects Rio Tinto’s US$2.7B takeover offer
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has rejected majority shareholder Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) bid to buy the 49% stake it doesn’t already own in…
Articles by Cecilia Jamasmie
Stanmore Coal pays Mitsui $380M for full control of Queensland coal mines
Australia’s Stanmore Coal (ASX: SMR) has acquired the remaining 20% stake in the South Walker Creek and Poitrel coal mines in Queensland from Japanese trading house Mitsui & Co. in…
Lucara starts shaft-sinking at Karowe mine expansion project
Lucara Diamond (TSX: LUC) is moving towards the main shaft sinking phase of the underground expansion project at its Karowe mine in Botswana, which will extend the operation’s life for…
SolGold reshuffles C-suite as it ramps up Cascabel
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) has announced a round of management changes, with newly appointed chief financial officer Ayten Saridas stepping down after only six weeks in the job….
Lundin Gold raises production forecast for the year
Lundin Gold (TSX: LUG) has raised its production guidance and decreased its cost estimates for 2022, based on strong results in the first half of the year. The Vancouver-based miner…
Hochschild Mining granted environmental permit for Brazil gold project
Precious metals producer Hochschild Mining (LSE: HOC) has been granted a key permit that allows it to build a processing plan and kick off mine pre-stripping at the Mara Rosa…
Lower grades at Gibraltar mine dent Taseko Mines results
Canada’s Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) saw its finances shaken in the second quarter of the year due to lower mined grades at its 75%-owned Gibraltar open…
Uranium Energy sweetens bid for UEX
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines’ (TSX: DML) competing bid for Canada’s UEX Corp. (TSX: UEX) after sweetening its original bid. The revised offer gives each…
Oz Minerals rebuffs US$5.8B takeover bid from BHP
Australian copper producer OZ Minerals (ASX: OZL) rejected on Monday an unsolicited A$8.4 billion (US$5.8 billion) takeover bid from the world’s largest miner BHP (NYSE: BHP; LSE: BHP; ASX:BHP), stating…
Turquoise Hill flags US$200M cost increase at Oyu Tolgoi
Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in…
Anglo American to appeal El Soldado project rejection
Anglo American (LSE: AAL) is planning to appeal a Chilean environmental commission’s rejection of its $40-million operational continuity project for El Soldado copper mine, 125 km north of the capital…
Condor Gold shares jump on La India test results
Shares in Condor Gold ((TSX: COG; LSE: CNR) jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said “provide confidence”…