Franco-Nevada buys Yanacocha gold mine royalty for US$210M
Royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has agreed to pay Buenaventura up to US$235 million in cash and shares for a 1.8% net smelter return royalty (NSR)…
Articles by Cecilia Jamasmie
Escondida workers reject BHP offer that includes US$28,900 per-worker bonus
Workers at BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) Escondida copper mine in Chile downed tools on Tuesday after wage negotiations ended up without and agreement between the parties, despite…
Chile-focused CleanTech Lithium heads for Australian listing
Chile-focused explorer and developer CleanTech Lithium (AIM: CTL) said on Tuesday its plans to list on the Australian Securities Exchange (ASX) next month, targeting to raise up to A$20 million…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Lucara sales offer hope to struggling diamond sector
Lucara Diamond (TSX: LUC) saw its sales and earnings climb in the second quarter of the year, supported mainly by its recently revived supply deal with Belgium’s HB Antwerp, which…
Australia’s ERA scores win in battle to keep uranium lease
Australia’s Federal Court has temporarily halted the government’s decision to not extend Rio Tinto-owned Energy Resources of Australia‘s (ASX: ERA) lease for a high-grade uranium deposit in the country’s Northern Territory….
Nutrien names insider Mark Thompson as CFO as potash market wobbles
Nutrien (TSX: NTR; NYSE: NTR), the world’s biggest fertilizer producer, has appointed a new chief financial officer amid an industry downturn that has dented profits. Mark Thompson, who has been…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…
Petra defers another diamond tender amid weak demand
Petra Diamonds (LSE: PDL) has again postponed the sale of rough stones, holding on to the diamonds from its South African operations that would have been offered during the August/September…
Westgold-Karora merger creates top five Australian gold miner
Australia’s Westgold Resources (ASX: WGX) and Canada’s Karora Resources (TSX: KRR) completed their planned merger on Friday, creating a dual listed miner that sits among Australia’s top five producers. The combined…
BHP turns to mediation to avoid strike at Escondida
BHP (ASX: BHP; LSE: BHP; NYSE: BHP) plans to request the Chilean government mediate in talks with union leaders at Escondida to avert a strike at the operation, the world’s…
Liontown kicks off lithium production in Western Australia
Billionaire Gina Rinehart-backed Liontown Resources (ASX: LTR) has begun producing lithium at its flagship Kathleen Valley project in Western Australia. The first spodumene concentrate, the most common lithium containing hard rock, follows the…