Resigning Rio CEO asserts company unity
Rio Tinto’s (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn’t fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board…
Regulatory Issues
Allied Gold lists on NYSE Monday
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is set to begin trading on the New York Stock Exchange starting Monday after obtaining all regulatory approval. The stock will trade under the…
Lynas Rare Earths gains as China roils carmakers
Shares of Lynas Rare Earths (ASX: LYC) soared nearly 13% on Thursday to their strongest level in more than two years amid concerns over China’s export controls on rare earth…
Mali court again delays Barrick case
A Malian court has postponed a ruling for a fourth time on whether to place Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto gold complex under provisional administration, delaying the hearing…
Graphite One surges on FAST-41 for Alaska project
Shares in Graphite One (TSXV: GPH; US-OTC: GPHOF) gained after the company said the U.S. government put it’s billion-dollar Alaskan project in a fast-track approval process. Graphite One is advancing…
Guatemalan Xinka oppose Pan Am silver mine restart
A Xinka Indigenous delegation visiting Canada from Guatemala had a clear message for Escobal mine owner Pan American Silver (TSX, Nasdaq: PAAS): “No.” Escobal, suspended since a 2017 Guatemalan Supreme…
First Quantum faces $20M monthly bill in Panama
First Quantum Minerals (TSX: FM) will spend about $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan. Roderick Gutiérrez,…
SolGold to quit Toronto exchange, eyes ASX
Ecuador-focused SolGold (LSE, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange on June 18 because the amount of trading doesn’t warrant the cost….
Ivanhoe jumps on plan to restart DRC copper mine
Ivanhoe Mines’ (TSX: IVNl US-OTC: IVPAF) plans to dewater the Kakula copper mine in the Democratic Republic of Congo could restore operations as early as this month. Its shares rebounded….
Mali court postpones ruling on Barrick mine
A Malian court has, for the third time, postponed a hearing on whether to place Barrick’s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto gold complex under provisional administration, Reuters reported on Monday. The…
AngloGold sells Brazil mine to Aura for $76M
AngloGold Ashanti (NYSE: AU; JSE: ANG) is selling its stake in Mineração Serra Grande (MSG) gold mine in central Brazil to Latin America-focused Aura Minerals (TSX: ORA) for $76 million….
Paladin faces second lawsuit over uranium forecast
Australia’s Paladin Energy (ASX: PDN) is facing the prospect of a second class action lawsuit tied to its production guidance. The new legal action, if initiated, would unfold in the…