IGO stands by incoming CEO after Rio Tinto sacks him
Australia’s lithium and nickel producer IGO (ASX: IGO) is standing by its incoming chief executive officer, Ivan Vella, after Rio Tinto (ASX:RIO) sacked on Wednesday its former aluminum boss for…
Articles by Cecilia Jamasmie
Monarch Mining under creditor protection in last-ditch effort to avoid bankruptcy
Struggling Canadian gold miner Monarch Mining (TSX: GBAR; US-OTC: GBARF) has been placed under the protection of the Companies’ Creditors Arrangement Act (CCAA), with PricewaterhouseCoopers appointed as the monitor to…
Iamgold moves to buy rest of royalty company Euro Ressources
Iamgold (TSX: IMG; NYSE: IAG) plans to pay about US$23 million for the shares it doesn’t already owns in French precious metals royalties company Euro Ressources. The draft offer, filed…
American Lithium eyes Peru production as court rules in its favour
American Lithium (TSXV: LI; NASDAQ: AMLI) said on Wednesday that Peru’s top court had confirmed its local subsidiary’s ownership of 32 out of 172 disputed concessions. The ruling, consistent with…
Glencore ready to spin off coal unit after sealing Teck buy
Glencore (LSE: GLEN) is moving ahead with plans to spin off its profitable but polluting thermal coal business after clinching on Tuesday a US$8.9-billion deal for the coal division of Teck Resources…
Mineral Resources boosts stake in lithium miner Azure Minerals
The battle to control Australia’s Azure Minerals (ASX: AZS) seems far from over as Mineral Resources (ASX: MIN) bought additional shares on Tuesday in the lithium and battery metals junior,…
Jiangxi Copper boosts First Quantum stake on Cobre Panama hit
China’s Jiangxi Copper, First Quantum Minerals‘ (TSX: FM) largest shareholder, has increased its stake in the Canadian miner, which is still reeling from the heavy losses caused by uncertainty regarding…
Neo Energy Metals falls in London debut despite strong uranium market
Uranium explorer and developer Neo Energy Metals (LSE: NEO) marked its first day on the London Stock Exchange on Thursday, with the stock down 18% in early morning trading. The…
Rio Tinto, Codelco partner up to find more copper in Chile
Mining giant Rio Tinto (ASX: RIO; LSE: RIO) and Chilean state copper miner Codelco created on Wednesday the Nuevo Cobre (New Copper) joint venture to explore and potentially develop the…
Lucapa finds Angola mine’s second-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has unearthed a 235-carat type IIa diamond from its prolific Lulo mine, the second-largest recovered at the Angola operation since it opened in 2015. The find comes barely a…
Embattled Scotgold Resources ready to go into administration
Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment. The gold miner went into…
Exclusive: Bristow eyes copper growth as Barrick invests in junior
Barrick Gold (TSX: ABX; NYSE: GOLD) is investing in junior Hercules Silver (TSXV: BIG) as part of a plan to find porphyry copper deposits, Barrick CEO Mark Bristow says. Of…