Rio gains control of Nemaska, eyes $300M investment
Rio Tinto (ASX, LSE, NYSE: RIO) said it plans to invest more than $300 million (C$411 million) this year to expand its lithium business in Quebec after assuming control of Nemaska…
Financial Matters, M&A
PMET to raise $130M for Quebec lithium exploration
Canadian mine developer PMET Resources (TSX: PMET; US-OTC: PMETF) is raising up to $130 million (US$96 million) to fund exploration and development work at its Shaakichiuwaanaan lithium project in northern…
Barrick eyes North America assets IPO, confirms CEO
Barrick Mining (TSX: ABX; NYSE: B) unveiled plans to spin off its North American gold assets into a new publicly listed company by the end of the year as it appointed…
Agnico sells Swedish mine stake to Goldsky for $166M
Canada’s Agnico Eagle Mines (TSX, NYSE: AEM) said on Wednesday it will sell its 55% interest in the Barsele gold project in northern Sweden, exiting direct ownership while retaining a…
Ivanhoe Electric, SQM explore for Chile copper
Ivanhoe Electric (NYSE-A, TSX: IE) is teaming up with lithium miner Sociedad Química y Minera de Chile (NYSE: SQM) to explore for copper on parts of the Atacama Desert in…
Hecla to sell Quebec mine to Orezone, focus on silver
Hecla Mining (NYSE: HL) agreed to sell its Casa Berardi gold mine in Quebec and a clutch of nearby exploration properties to Orezone Gold (TSX: ORE; US-OTC: ORZCF) for up to…
Zijin agrees to buy Canada’s Allied Gold for $4B in cash
Zijin Gold agreed Monday to buy Canada’s Allied Gold (TSX, NYSE: AAUC) in a friendly all-cash transaction valued at about $5.5 billion (US$4 billion) as the Chinese miner ramps up…
Novagold’s Donlin costs, net value jump in update
Novagold Resources (TSX: NG) says inflationary pressures mean its Donlin Gold project in Alaska will probably cost $9.2 billion (C$12.6 billion) – a 25% increase – while the value of…
Ivanhoe Atlantic pivots to US IPO after rail deal win
Ivanhoe Atlantic is weighing an initial public offering in the United States later this year after securing long-awaited approval to use a key rail corridor to export iron ore from…
BHP adds another $1B to Jansen mine expense
Continued inflationary pressures have forced BHP (ASX, LSE, NYSE: BHP) to bump up the cost of its Canadian potash project’s first stage to $8.4 billion (C$11.6 billion) – the second revision…
South32 backs $35M push at Alaska copper project
The miner has signed off on a $35M work program to advance its Arctic copper project in Alaska through the Ambler JV.
Rio Tinto copper output rises as merger talks loom
Rio Tinto’s (ASX, NYSE, LSE: RIO) copper production rose 5% in the fourth quarter as a surge from Mongolia’s Oyu Tolgoi underground expansion more than offset weaker output at Chile’s…