Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
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Delays hit Gemfields ruby plant in Mozambique
Gemfields (LSE: GEM; JSE: GML) said on Friday that the commissioning of a second processing plant at its Montepuez ruby mine in Mozambique has been postponed to September due to…
Korite acquisition in Alberta creates largest mine-to-market ammolite producer
When Buffalo Rock Mining acquired Calgary-headquartered Korite, North America’s largest producer of ammolite, it flew right under the mining industry’s radar, even as the company’s creations were featured in the…
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
NexGold assays revive historic Nova Scotia region
Explorer NexGold Mining (TSXV: NEXG; OTCQ-X: NXGCF) says new drill results are likely to boost a resource update this year for a project in a Nova Scotia gold region dating…
Video: AtkinsRéalis taps AI to accelerate mining capital project cycles
AtkinsRéalis plans to layer AI tools into its engineering platforms that help detect schedule slips and cost overruns as they happen, executive Ed Humphries says in a new video interview….
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…
Titan gains on EXIM zinc-graphite site funding
Titan Mining (TSX: TI; US-OTC: TIMCF) soared on Thursday after the Export-Import Bank of the United States (EXIM) approved a $15.8-million financing to support the company’s zinc and critical minerals…
Resolute strikes gold in Côte d’Ivoire
Resolute Mining (ASX: RSG) has found “a major” gold deposit at its Doropo asset in northeastern Côte d’Ivoire near the Burkina Faso border, according to a government website. Doropo holds…
Video: Iamgold pursues ‘Canada-first’ strategy, CEO says
Iamgold (TSX: IMG; NYSE: IAG) is shifting its focus to Canadian production, president and CEO Renaud Adams said. Franco-Nevada (TSX, NYSE: FNV) last month acquired a 7.5% net profit interest…
Torngat secures $165M for Strange Lake REE project
Torngat Metals has secured $165 million in government funding for pre-construction work at its Strange Lake rare earth project straddling northern Quebec and Labrador. Export Development Canada is supplying a…
Central banks expect more gold buying, de-dollarization
Central banks around the world continue to hold favourable expectations for gold, with most looking to add to their reserves over the coming months and even years, an annual survey…