Strike freezes production at Mandalay’s Cerro Bayo mine
Mandalay Resources (TSX: MND) has suspended operations at its Cerro Bayo silver-gold mine in southern Chile, after unionized workers went on strike.
Europe
PotashCorp aims to regain market influence with K+S bid
VANCOUVER — Canadian giant Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is considering a mega deal for Germany’s K+S Aktiengesellschaft that could materially change the landscape in the fertilizer…
Galantas Gold receives permits to build underground mine
Up until two years ago, Galantas Gold (TSXV: GAL) was producing a flotation concentrate containing gold, silver and lead from its small open-pit gold mine in northern Ireland, 150 km west of Belfast and 32 km from Dalradian Resources’…
Shining a spotlight on women in mining
As a lawyer with over 20 years of experience in corporate law and as general counsel for an investment firm, Lisa Davis was used to working with more men than women. But it wasn’t until five years ago when she joined PearTree Securities…
Eldorado improves economics at Certejin Romania
Eldorado Gold (TSX: ELD; NYSE: EGO) has released a feasibility study on its 80.5%-held Certej project in central Romania, showing modest returns that are in-line with analyst expectations.
TSX closes in the red, May 25-29
Concerns of a shrinking economy drove Canada’s main stock index down 1.2% to close at 15,014.09. The S&P/TSX Capped Diversified Metals & Mining Index decreased 2.7% to 727.52, and the S&P/TSX Global Mining Index retreated 1.7%…
EduMine’s Simon Houlding wins Vale medal
Growing up in Zimbabwe after World War II, completing an engineering degree at the University of Witswatersrand in Johannesburg, and working at Jones & Wagener, a specialist firm of consulting engineers and scientists based in South Africa,…
First Quantum unveils US$1.4B equity raise
First Quantum Minerals (TSX: FM; US-OTC: FQVLF) plans to raise US$1.4 billion through a public offering — increasing the company’s outstanding shares to 689 million.
New Armenian legislation is a plus for Lydian
Lydian International (TSX: LYD; US-OTC: LYDIF) says new mine ramp gradients will help it save up to $100 million in operating costs, and trim total cash costs to US$600 per oz. from US$642 per oz. at its Amulsar gold project in southern Armenia.
Orex welcomes Agnico to Barsele in Sweden
VANCOUVER — Orex Minerals (TSXV: REX; US-OTC: ORXIF) has struck a letter of intent (LOI) with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) on the junior’s Barsele gold and base-metal property in Sweden’s prolific Skelleftea mining…
Almonty voices interest in Ormonde
Almonty Industries (TSXV: ALL), a Toronto-headquartered company that describes itself as a specialist in acquiring distressed and underperforming tungsten assets, is turning its sights on Dublin-based Ormonde Mining (LSE: ORM).
Mick Davis’ X2poised for launch after US$5.6B raise
VANCOUVER — A dearth in the availability of traditional equity financing has led to the rise of specialist, mining-related investment funds, and another major player is taking the field. In early March, new private mining venture X2…