De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
Articles by Cecilia Jamasmie
Lundin Mining to up stake in Caserones copper mine to 70%
Lundin Mining (TSX: LUN) said on Wednesday it will increase its ownership of the Caserones copper-molybdenum mine in Chile to 70% by acquiring an additional 19% interest for US$350 million. …
China’s Ganfeng sues Mexico over lithium permit
China’s Ganfeng and two of its subsidiaries in Mexico have initiated an arbitration case against the country’s government over a cancelled mining concession for an advanced lithium project in the state…
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
SQM and Talga team up on Aero lithium project in Sweden
SQM (NYSE: SQM), the world’s second largest lithium producer, has inked an earn-in agreement with battery anode and advanced materials company Talga Group (ASX: TLG) to jointly advance the Aero lithium…
Savannah Resources raises US$20M for Barroso lithium project
Savannah Resources (AIM: SAV), the British company behind the Barroso lithium project in Portugal, has secured a £16 million (US$20.2 million) investment from Dutch miner AMG, which has become the…
Gemfields fetches almost US$69M at ruby auction
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) said on Wednesday it sold almost US$69 million of mixed-quality rubies at its June auction, with 97% of the offering gone. The…
Mineral Resources to shut Yilgarn iron ore hub
Australia’s Mineral Resources (ASX: MIN) will shut down its Yilgarn iron ore hub in Western Australia by the end of the year in a move that will affect about 1,000…
Nevada Copper on the auction block after filing for bankruptcy
Vancouver-based Nevada Copper (TSX: NCU) has started a sales process as a part of a restructuring announced this week, which included filing for bankruptcy and halting its Pumpkin Hollow copper…
Adventus, Salazar granted key permit for Ecuador copper-gold mine
Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) have scored a win in Ecuador after the country’s environment ministry granted the partners a water use permit for their Curipamba-El…
Japan, Chile boost ties in lithium extraction, supply
Japan and Chile have agreed to strengthen cooperation on lithium mining and supply, including deals for Japanese firms’ acquisition of long-term preferential access to the battery metal, in exchange for…
Canada’s Cornish Metals to sell Nickel King asset
Cornish Metals (TSXV: CUSN; LSE: CUSN) is selling its Nickel King property in the Northwest Territories to Northera Resources for up to US$6 million to focus on advancing its flagship…