Sierra Metals shares jump on takeover offer from Peruvian firm
Alpayana SAC, a private Peruvian mining company, said Friday it would bypass Sierra Metals‘ (TSX: SMT) board and make a direct, all-cash offer of 85¢ per share to shareholders. The…
South America
London Symposium Video: Sustainability innovations are reshaping mining, London panel hears
A renewed focus on sustainable industry is driving innovation to achieve it, a panel heard early this month in London. Dundee Sustainable Technologies (CSE: DST) vice president Brent Johnson spoke…
Rio Tinto to invest $2.5B to expand Rincon lithium project in Argentina
Rincon is the company’s first commercial-scale lithium operation.
Global scramble for critical minerals fuelling protectionism
A growing wave of protectionism is sweeping across 72 nations, as governments scramble to secure access to critical minerals essential for strategic industries, new research by global risk intelligence firm…
China leads world in energy transition, Wood Mackenzie says
The world’s second-largest economy leads the energy transition and is on track to source half of its power from low-carbon energy including hydro, solar, wind, nuclear and energy storage by…
London Symposium: ‘Mining must move at the pace of business, not bureaucracy,’ Ontario’s Pirie says
Ontario’s bid to lead in the critical minerals boom in Canada is fuelled with funding increases and deregulation goals in a new mining code. Yet the province must still widen…
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…
Jaguar Mining stock plunges after tailings pile slump forces mine shutdown
Shares of Jaguar Mining (TSX: JAG) plummeted after the Canadian gold miner said Monday it was temporarily shutting its Turmalina mine in Brazil after a nearby tailings pile failure. Jaguar…
Lundin Gold lifts gold guidance, costs for Fruta del Norte
Canadian precious metals miner Lundin Gold (TSX: LUG) has revised up its gold production guidance for the Fruta del Norte (FDN) underground mine in southeast Ecuador. The company now expects to…
London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…
London Symposium: Beaty, McEwen, O’Toole urge mining firms to lead climate crisis fight
Sustainable mining must be the new normal to boost earnings and convince a skeptical public about the industry’s importance to combat global warming as the world enters a metals trade…