ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Articles by Henry Lazenby
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…
Palladium ETF tops US$100M in AUM for the first time
A substantial influx of interest from institutional investors and wealth management allocations has pushed the Global Palladium fund (GPF), an exchange-traded fund created by Russia’s Norilsk Nickel, above US$100 million…
Hochschild to buy Amarillo Gold for control of Posse project, Brazil
London-based Hochschild Mining (LSE: HOC; US-OTC: HCHDF) has announced a $135 million cash offer to acquire Amarillo Gold (TSX: AGC; US-OTC: AGCBF). The offer, priced at 40c per Amarillo share,…
Video Interview: Great Bear’s new Dixie discovery
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has announced a new, high-grade gold discovery named the Midwest zone at its cornerstone Dixie project in northwest Ontario’s fabled Red Lake district….
More than US$2 trillion investment needed to meet IEA hydrogen targets
More than US$2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon…
Horizonte fully funds construction of Araguaia nickel mine
Horizonte Minerals (TSX: HZM; AIM: HZM) has raised US$197 million (£147.4 million) in an overnight share placement that forms part of an equity and debt finance package of US$633 million…
India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
Hochschild shares tank after Peru nixes key mine extensions
London-based Hochschild Mining (LSE: HOC; US-OTC: HCHDF) says it will fight “illegal” efforts by Peru to close and block extensions of its Pallancata and Inmaculada mines on environmental grounds. The…
EPA issues draft Florence underground injection control permit decision
The US Environmental Protection Agency (EPA) has issued a draft decision on the underground injection control (UIC) permit required for Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB; LSE: TKO)…
GMS: Between fund managers and miners, much value left on the floor, says Barrick’s Mark Bristow
The global gold mining industry is generally caught between a rock and a hard place when it comes to the disconnect between fund managers and the business of producing sustainable…
Ivanhoe awards Kamoa direct-to-blister plant contract to China Nerin Engineering
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has awarded a 500,000 tonnes per annum direct-to-blister copper smelting plant contract for the Kamoa-Kakula Complex to China Nerin Engineering. The smelter will be…