Vale to build US$345M ‘green’ pig iron plant in Brazil
Mining giant Vale (NYSE: VALE) has signed an agreement with the government of the northern Brazilian state of Pará to build a “green” pig iron plant in the city of…
Fast News
Westhaven drills highest ever intercept (37 g/t Au and 215 g/t Ag) at Shovelnose
Westhaven Gold (TSXV: WHN) has released new results from ongoing drilling at its wholly owned Shovelnose gold project. Covering 76.2 sq. km, Shovelnose is the largest of the company’s four properties…
Probe Metals expands Monique gold deposit ahead of 2023 Val-d’Or East prefeasibility
As it works towards a 2023 prefeasibility study for its Val-d’Or East gold project in Quebec, Probe Metals (TSXV: PRB; US-OTC: PROBF) has announced the last set of results from…
Belmont reports 150 metres of 0.7% copper at Lone Star in Washington state
Belmont Resources (TSXV: BEA) reported its longest intercept of copper mineralization to date from the ongoing 7,000-metre drill program at the Lone Star copper-gold project, operated by Marquee Resources (ASX:…
Torex Gold updates Morelos Complex plans
Torex Gold Resources (TXG.TO) has released an updated technical report for the Morelos gold complex in Mexico, including an integrated life of mine plan and economics for the El Limón…
Operating troubles hold back Nevada Copper
Shares of Nevada Copper (TSX: NCU) traded at their lowest value this year after the company revealed in its annual report that the ramp-up of its Pumpkin Hollow underground copper…
Kinross in negotiations to sell Russian mines
Canada’s Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets. As part…
S&P upgrades Barrick credit rating
S&P Global Ratings has upgraded Barrick Gold’s (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+. With a ‘stable’ outlook, S&P in a note said…
Mountain Province rises to 12-month high on diamond market recovery
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and…
Pure Gold Mining needs to raise $50M to keep its Red Lake mine running
Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to…
Las Bambas workers launch protest action
Following a tense meeting with human resources personnel, the union that represents MMG’s Las Bambas workers announced the launching of a protest action as they demand a review of the…
Spanish transport strike halts Orvana’s Orovalle operation
An ongoing transportation strike in Spain has accentuated supply chain disruptions that have forced Canadian miner Orvana Minerals (TSX: ORV) to suspend operations at the critical Orovalle copper-gold operation in…