Iamgold moves to buy rest of royalty company Euro Ressources
Iamgold (TSX: IMG; NYSE: IAG) plans to pay about US$23 million for the shares it doesn’t already owns in French precious metals royalties company Euro Ressources. The draft offer, filed…
Europe
Glencore ready to spin off coal unit after sealing Teck buy
Glencore (LSE: GLEN) is moving ahead with plans to spin off its profitable but polluting thermal coal business after clinching on Tuesday a US$8.9-billion deal for the coal division of Teck Resources…
De Beers’ diamond sales plunge on slow Asian demand, restricted supply
Tough economic conditions in China and India cut rough diamond sales by De Beers by 80% from a year ago as the company continued to keep stones off the market,…
JV Video: EY highlights access to capital as key concern for miners
Concern over access to capital against the urgent need for trillion-dollar investment to meet metal demands for the energy transition emerged as a critical industry concern in the latest findings…
JV Video: How Mundoro pulls well-heeled partners to find copper porphyries
Mundoro Capital (TSXV: MUN) has honed a strategy of attracting major mining partners to join its exploration efforts across its multinational portfolio of copper porphyry plays. The Mundoro team has…
JV Video: Group Eleven Resources drills for ESG-friendly zinc in Ireland
Strong drill results are convincing Group Eleven Resources’ (TSXV: ZNG) CEO Bart Jaworski that the company’s on its way to finding the Republic of Ireland’s next big zinc mine. As…
Embattled Scotgold Resources ready to go into administration
Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment. The gold miner went into…
TNM Drill Down: Hod Maden in Turkey tops results
Our TNM Drill Down features highlights of the top gold assays of the past week (Oct. 27 – Nov. 3). Drill holes are ranked by gold grade x width, as…
Savannah Resources courts partners for Barroso lithium project in Portugal
London-based Savannah Resources (LSE-AIM: SAV) says it has received proposals from several companies to partner on its Barroso lithium project in northern Portugal. Interest in the project has picked up…
Credit rater Fitch upbeat on gold majors’ resilience amid hazy markets
Fitch Ratings of London has issued a stable credit outlook for global gold producers, citing their strong financial metrics and debt reduction despite higher inflation, interest rates and geopolitical risk….
CMS: McCluskey’s brush with death and longer mine-life
First the market ran over him, then a truck. This is how John McCluskey hit bottom and bounced back. It was 1999 and the dot.com bubble was already sucking the…
Finland discovers rare earth minerals at the Sokli deposit
Finnish Minerals Group and the Geological Survey of Finland have identified two new minerals, kukharenkoite and cordylite, at the company’s Sokli deposit. This is the first time these rare earth minerals have…