Hochschild Mining walks away from Canadian gold project
Hochschild Mining (LSE: HOC) has informed Skeena Resources (TSX, NYSE: SKE) that it is ending its option to earn a 60% interest in the Canadian miner’s Snip gold project, located…
Articles by Cecilia Jamasmie
Biden earmarks US$450M for clean energy projects at coal mines
The United States has set aside US$450 million to advance clean energy projects on current and former mine sites, with special attention to those that can provide new economic opportunities…
Barrick to earn into Midland’s Patris gold project in Quebec
Barrick Gold (TSX: ABX; NYSE: GOLD) and Midland Exploration (TSX-V: MD) have inked a deal that gives the world’s second largest bullion producer the right to earn into the junior’s…
Teck rejects US$23B takeover bid from Glencore
Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The…
Agnico Eagle becomes sole owner of Canadian Malartic mine
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), the world’s third-biggest gold producer, is now the sole owner of Canadian Malartic, the country’s largest open pit and one of North America’s…
Danakali sells stake in flagship Colluli potash project in Eritrea To Chinese buyer
Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, 13 years after partnering with the Eritrean National Mining Corp. (ENAMCO) to build…
Barrick Gold, PNG ink new deal to restart Porgera mine
Through the New Porgera Progress Agreement (NPPA) all parties have committed to resume Porgera’s operations as soon as possible.
New tool could help Brazil’s crack down on illegal gold mining
Brazilian gold aggregator Fênix DTVM and Minespider, which runs a traceability platform for tracking down the precious metal through the supply chain, completed this week the first stage of a project…
‘Bubblegum’-coloured diamond could fetch more than $35M at auction
A rare pink diamond of “unparalleled colour and brightness” is expected to fetch over $35 million when it goes under Sotheby’s hammer in New York next June, potentially becoming one…
Nexa Resources resumes operations at Cerro Lindo zinc mine in Peru
Nexa Resources (NYSE: NEXA) has resumed operations at its Cerro Lindo zinc-copper mine in Peru after being suspended for almost two weeks due to unusually heavy rains that flooded several lower…
Botswana Diamonds begins mining in South Africa
Botswana Diamonds (LSE: BOD) has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project….
Lundin Mining pays $950M for controlling stake in Chilean copper mine
Lundin Mining (TSX: LUN) is buying a majority stake in the Caserones copper-molybdenum mine in Chile for about US$950 million, adding to a flow of deals as miners seek to…