MinRes founder Ellison forced out amid governance scandal
Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.
ESG
Blue Moon appoints ex-Adventus CEO with M&A record after board shakeup
Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), a small developer that’s seen a shareholder battle over dilutive capital raisings, has chosen former Adventus Mining CEO Christian Kargl-Simard as its new head. The…
Barrick, Mali exchange shots in US$500M tax dispute
Barrick Gold’s (TSX: ABX; NYSE: GOLD) negotiations with Mali’s military government appear to have stumbled after both sides issued claims about a Sept. 30 preliminary agreement. The West African country’s…
Left and right ‘unite’ against Rio lithium project in Serbia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) faces a crucial test this month in Serbia as leaders of a small town vote on whether to allow Europe’s largest lithium project,…
Blue Moon shareholder battle spotlights shades of grey in junior market
A minority group of shareholders in Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), which holds a first-resource-stage zinc-silver project in California, says its CEO issued defensive stock offerings that destroyed an…
Barrick fights to dismiss Tanzanian abuse allegations from Canadian court
Barrick Gold (TSX: ABX; NYSE: GOLD) is arguing in an Ontario court that allegations of human rights abuses in Tanzania should be decided in that country instead, with local police and…
How junior miners can meet the new ESG funding hurdles
The conversation around environmental, social, and governance ESG considerations in mining has grown increasingly sophisticated over the last decade, giving rise to an evolving set of requirements that companies must…
Orion, Allianz among US$15T in funds seeking to boost mining investments for tripling output
A global group of institutional investors including Allianz, Legal & General and Orion Resource Partners wants to attract more funds to the mining industry by polishing its image and educating…
Burkina Faso ruler threatens gold licences, but Endeavour downplays comments
Endeavour Mining (TSX: EDV; LSE: EDV; US-OTC: EDVMF) and West African Resources (ASX: WAF) say their operations in Burkina Faso are unaffected after the country’s president said some mining licences may…
New Mexican president avoids open-pit ban
Mexico’s President Claudia Sheinbaum, who started this month after winning an election in June to succeed Andrés Manuel López Obrador, so far hasn’t declared she’ll act on her predecessor’s wish…
Lack of capital rises to top risk in EY mining survey
Capital is the top risk facing the mining industry this year, up from the number two spot last year, as tough financing and economic conditions make it more difficult to deliver…
Lomiko’s Quebec graphite project faces uphill battle in holiday region
Community opposition in Quebec cottage country may sink Lomiko Metals’ (TSXV: LMR; US-OTC: LMRMF) prefeasibility-stage La Loutre project, the seventh-largest undeveloped graphite deposit, after the province denied it funding. The proposed…