Uranium holding companies offer alternative to producers
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The…
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Barrick reaches ‘historic’ deal in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company operates there, ending a long-running…
Report: Miners have long way to go on ESG
A study of environmental, social and governance (ESG) practice in the mining sector that examined the top-50 listed mining companies by market capitalization and the world’s 20 largest institutional investors…
Top-10 large, high-grade uranium projects
Uranium companies have been awaiting a price recovery since the Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016 the spot uranium price has remained below US$30 per…
Ex-Vale CEO charged with homicide for Brazil dam disaster
State prosecutors in Brazil have charged Vale’s (NYSE: VALE) former CEO, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster a year ago at the company’s Feijao iron ore…
Resolute sells Ravenswood to focus on Africa
Resolute Mining (LSE: RSG) is selling its Ravenswood gold mine in Queensland — its only Australian asset — to private equity firm EMR Capital Management for US$207 million in cash….
The Northern Miner Podcast – episode 170: ‘From abject poverty to affluence’ ft P. Jerry Asp on how the mining industry can transform communities
This episode features the induction of P. Jerry Asp to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9….
Gran Colombia Gold to spin off Marmato project
Gran Colombia Gold (TSX: GCM) expects to complete in February the spin-off of its Marmato project, located in Colombia’s department of Caldas, into a separately listed company, executive chairman Serafino…
TMAC launches strategic review of Hope Bay
Production in the fourth quarter at TMAC Resources’ (TSX: TMR) Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review…
Lynas faces environmental lawsuit in Malaysia
Australian rare earths miner Lynas (ASX: LYC) said Friday that three individuals in Malaysia had filed a lawsuit challenging the government’s decision to renew the company’s operating licence last year….
Minera Alamos begins construction of Santana mine
Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit, heap-leach mine in Sonora state and expects to transition from a developer to gold producer this year. “This is…
Rio Tinto to close world’s biggest diamond mine
Rio Tinto’s (NYSE: RIO) iconic Argyle mine in remote Western Australia, the world’s biggest and the main global source of high-quality pink diamonds, will close in the fourth quarter of…