Teck steps into Ring of Fire with Canterra option
Teck Resources (TSX: TECK.A and TECK.B; NYSE: TCK) has made its first step into Ontario’s Ring of Fire. The Vancouver-based major has entered into an option agreement with Canterra Minerals…
Financial Matters, M&A
Velocity Minerals sells Bulgarian assets for US$59M
Bulgaria-focused Velocity Minerals (TSXV: VLC; US-OTC: VLCJF) has agreed to sell its Rozino gold project, along with various other assets, in return for US$59 million in cash. Türkerler, a diversified…
Barrick negotiates with Mali junta as it arrests four
Barrick Gold (TSX: ABX; NYSE: GOLD) said it was negotiating financial terms with the Malian government after authorities arrested four employees of its Loulo-Gounkoto mine. “Details of the agreement, based in…
Vale considers listing base metals business in late 2026
Speaking at the FT Mining Summit, chairman Mark Cutifani said Vale Base Metals could be valued at $40 billion.
Quebec to become ‘anchor’ for Gold Fields diversification strategy, CEO says
Gold Fields‘ (NYSE: GFI; JSE: GFI) $2.2-billion Osisko Mining (TSX: OSK) buy, set to close before year-end, will help balance the South African company’s aging assets in Ghana and Peru,…
Video: Gold miners face skepticism, even as metal price rises, Denver Gold exec says
Gold at all-time highs has pushed up miners’ margins, but companies are opting for restraint and avoiding the temptations of past bull cycles, Denver Gold Group executive director Tim Wood…
Top miners’ reclamation obligations could surpass industry’s total debt by 2033
Environmental reclamation and site restoration costs for 24 major mining companies reached $72 billion in 2023, up from $40 billion in 2013.
Uranium Energy to buy Rio Tinto’s Wyoming assets for US$175M
Uranium Energy (NYSE-AM: UEC) has agreed to buy Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) uranium assets in Wyoming, which include the fully-licensed Sweetwater plant and a portfolio of…
SSR targets October restart at Seabee gold mine in Saskatchewan after forest fire
SSR Mining (TSX, Nasdaq: SSRM; ASX: SSR) is expecting to restart its Seabee gold operations in Saskatchewan in the second half of October after a forest fire halted activities last…
Ivanhoe Electric’s VRB Energy enters vanadium battery JV with Chinese firm
Ivanhoe Electric’s (TSX: IE; NYSE-AM: IE) cleantech subsidiary VRB Energy is forming a joint venture with a Chinese investment firm that will bring in a US$55-million investment and help scale…
CHART: Global mining and metals – a reality check
A new report by McKinsey’s energy and materials practice outlines a global mining and metals industry emerging from a few years of boom and bust and price fluctuations the consulting…
Gowest Gold preps to go private as Chinese investors hold almost half of shares
Gowest Gold (TSXV: GWA) is about to go private after the Ontario Superior Court of Justice approved a plan for shareholders to buy the company’s remaining shares. Under the plan,…