Baffinland to terminate 1,100 workers at Mary River iron ore mine
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company’s request to increase production to 6 million tonnes…
Articles by Cecilia Jamasmie
Royal Gold ups royalty on Cortez gold complex in Nevada in US$525M deal
Royal Gold (NASDAQ: RGLD; LSE: 0KXS) announced on Tuesday a US$525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile project in Nevada from…
Gold Fields slowly turning Yamana deal doubters into allies
Gold Field’s (NYSE: GFI; JSE: GFI) intended acquisition of Canada’s Yamana Gold (TSX: YRI; NYSE: AUY) remains in limbo, though the South African miner has gained backers and says its…
Eldorado Gold sees 22% rise in Q2 cash operating costs
Eldorado Gold (TSX: ELD; NYSE: EGO) has reported an increase of 22% in cash operating costs for the three months to June 30 compared to the same period last year, and expects…
Argentina gets US$290 million to develop lithium assets, build plant
China’s Zangge Mining will initially invest $40 million in the Laguna Verde lithium project, in the province of Catamarca.
Teck CEO Don Lindsay stepping down after 17 years at top job
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role. Lindsay, who will…
Lucapa finds giant pink diamond said to be Angola’s largest in last 300 years
Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300…
Greenland Minerals to fight draft rejection of mining permit for rare earths project
Australia-based Greenland Minerals (ASX: GGG) said on Tuesday it will fight the Greenland government’s draft decision to reject a mining permit for the company’s Kvanefjeld rare earths project, based on a nationwide…
South32 hasn’t found buyer for Eagle Downs coal project
South32 (LSE: S32; ASX: S32; JSE: S32) is still looking to sell its 50% interest in the Eagle Downs metallurgical coal project in Queensland, Australia, where development was put on…
Codelco begins resuming work at halted projects after deaths
Chile state-owned copper miner Codelco has begun to gradually restart two of its ongoing growth projects, which were halted last week following the death of two workers this month at different…
Chile rejects second Anglo American project in two months
Anglo American (LSE: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company’s US$40-million operational continuity project for its El Soldado copper…
Pensana starts building UK’s first rare earths refinery
Rare earths junior Pensana (LSE: PRE) has broken ground at its Saltend rare earth processing hub in northern England, set to be the country’s first major facility of its kind…