SolGold signs US$750M gold stream deal for Ecuador project
Franco-Nevada (TSX: FNV NYSE: FNV) and Osisko Gold Royalties (TSX: OR, NYSE: OR) have agreed to provide US$750 million in funding to SolGold (TSX: SOLG;…
Financial Matters, M&A
Would Canada allow Rio Tinto to buy Teck? Miners aren’t so sure
The federal government’s attempt to clarify its rules for foreign investment in mining is instead causing more confusion as the industry grapples with changing rules…
Anglo American kicks off coal assets sale — report
Anglo American (LSE: AAL) is said to have formally kicked off a process to divest its coal assets, enlisting the services of three top banks…
Canada Nickel and JV partner Noble to spin out Mann project
Canada Nickel (TSXV: CNC; US-OTC: CNIKF) is spinning out its eastern exploration properties, northeast of Timmins, Ont., and its Mann joint venture with Noble Mineral…
Indonesian group to buy Hillside copper project in Australia for $361M
Rex Minerals (ASX: RXM), which holds Australia’s largest permitted and shovel-ready copper project, is being bought out by Indonesia-based MACH Metals Australia for A$393 million…
Analysis: Rate cuts may boost mining M&A
As summer holidays beckon, investors typically exchange their screens for a beach. However, with increased volatility in the market and more rate cuts expected this…
One person injured in accident at Victoria Gold’s Eagle mine
One person sustained non-serious injuries in the accident at Victoria Gold‘s (TSXV: GCX) Eagle mine in Yukon, which caused a landslide and potential cyanide leak,…
Arianne Phosphate’s US$1.7B Quebec project set to be major supplier
Arianne Phosphate (TSXV: DAN; OTCQX: DRRSF) says its US$1.7 billion Lac à Paul purified phosphoric acid (PPA) project could be the largest producer of the…
Dead Solaris deal has cash-strapped Canadian miners considering the door
Some of Canada’s leading mining law firms say their clients are considering leaving the country because the federal government’s clampdown on Chinese investment has closed…
AngloGold boosts investment in Brazil as it mulls Corrego’s fate
South African gold miner AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) plans to spend 1.1 billion reais (US$198 million) in Brazil this year, mainly on…
De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million,…
E3 Lithium study pegs Alberta project cost at $2.5B
E3 Lithium (TSXV: ETL; US-OTC: EEMMF) says its Clearwater project with Canada’s largest resource of the battery metal will cost US$2.5 billion to build in the…