Romania grants mining rights to US-backed Verde Magnesium
Verde Magnesium plans to invest US$1 billion in Romania as the country’s government has granted it the go-ahead to bring back to life a disused mine, shut down in 2014….
Articles by Cecilia Jamasmie
Hummingbird nears production at Guinea gold mine
Shares in Hummingbird Resources (AIM: HUM) rose on Tuesday after the Africa-focused miner said its talks with the main contractor at its Kouroussa gold mine in Guinea are progressing, adding…
Vale operations in Brazil now 100% renewable energy-powered
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years earlier than the scheduled target of…
Gold Road Resources seeks stake in Greenstone Gold Mines
Australia’s Gold Road Resources (ASX: GOR) confirmed on Monday rumours about its intention to acquire a stake in Canada’s Greenstone Gold Mines, a 60-40 partnership between Equinox Gold (TSX: EQX)…
SolGold reaches deal with Ecuador on Cascabel development, financing
SolGold (LSE: SOLG; TSX: SOLG) said on Friday it had reached an agreement with the Ecuadorian government covering “certain financial terms and conditions”, along with a 33-year renewable permit to…
Orla Mining threatens arbitration in Panama
Canada’s Orla Mining (TSX: OLA; NYSE: ORLA) may take Panama to an arbitration court following the government’s rejection of a permit extension for the three mining concessions in the Cerro…
CleanTech Lithium CEO steps down amid loan issue
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) accepted on Friday the resignation of its CEO, Aldo Boitano, who was suspended earlier this week for failing to disclose a share-backed…
Canada Nickel starts working on Crawford, eyes 2027 production
Canada Nickel (TSX-V: CNC) has kicked off front end engineering design (FEED) at its flagship Crawford nickel project in northern Ontario, which it expects to bring into production in 2027. Ausenco…
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees and 915 contractors. The company…
CleanTech Lithium suspends CEO on shares-backed loan
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) has suspended its CEO, Aldo Boitano, pending an investigation into a loan he entered into with an unnamed lender. The company said…
Ontario program funds Aussie lithium explorer Pioneer
The Ontario government is helping fund Australia-listed Pioneer Lithium (ASX: PLN) for its Root Lake project in the province’s northwest. The Ontario Junior Exploration Program, which pays up to half…
Orecorp saga ends as Silvercorp sells stake to Perseus Mining
Canada’s Silvercorp Metals (TSX: SVM, NYSE: SVM) has officially stepped aside from the race to control Africa-focused gold explorer OreCorp (ASX: ORR), accepting to sell its 15% stake in the company…