Vale operations in Brazil now 100% renewable energy-powered
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years earlier than the scheduled target of…
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OceanaGold gets initial approval for Philippine unit’s IPO
OceanaGold (TSX: OGC; US-OTC: OCANF) said on Monday that it has obtained preliminary regulatory approval for an initial public offering (IPO) of its Philippines-based subsidiary, through which it holds the…
Gold Road Resources seeks stake in Greenstone Gold Mines
Australia’s Gold Road Resources (ASX: GOR) confirmed on Monday rumours about its intention to acquire a stake in Canada’s Greenstone Gold Mines, a 60-40 partnership between Equinox Gold (TSX: EQX)…
SolGold reaches deal with Ecuador on Cascabel development, financing
SolGold (LSE: SOLG; TSX: SOLG) said on Friday it had reached an agreement with the Ecuadorian government covering “certain financial terms and conditions”, along with a 33-year renewable permit to…
Orla Mining threatens arbitration in Panama
Canada’s Orla Mining (TSX: OLA; NYSE: ORLA) may take Panama to an arbitration court following the government’s rejection of a permit extension for the three mining concessions in the Cerro…
Lithium Ionic expands Brazil resources by a quarter
Lithium Ionic (TSXV: LTH; US-OTC: LTHCF) says it has grown its combined resources at the Salinas and Bandeira projects in Minas Gerais state, Brazil by 26%. The Bandeira project holds 23.7 million…
Flying Nickel adds 42% to Minago resource, issues first PGM estimate at Manitoba project
Flying Nickel Mining (TSXV: FLYN; US-OTC: FLYNF) increased its pit resource at the Minago project in Manitoba by 42% and added a platinum group metals (PGM) estimate for the first…
CleanTech Lithium CEO steps down amid loan issue
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) accepted on Friday the resignation of its CEO, Aldo Boitano, who was suspended earlier this week for failing to disclose a share-backed…
Denarius sees quick restart for former Lundin nickel-copper mine in Spain
Denarius Metals (CBOE: DMET; US-OTC: DNRSF) has released a prefeasibility study that supports the reopening of its 50%-owned Aguablanca nickel-copper mine in Spain. Last operated by Lundin Mining (TSX: LUN)…
Glencore tussles with farmers in Australian court over carbon storage plan
Australian farmers are taking mining giant Glencore (LSE: GLEN) to federal court to block a carbon capture and storage plan they say will pollute an underground water reservoir a fifth…
Forget groceries, Costco sells up to US$200M of gold bars and silver coins every month
Given its pricing and shipping costs, analysts with Wells Fargo wrote that it’s likely a “very low-profit business at best.”
The big crunch is here as copper decouples from market cycles, BofA says
Copper is increasingly ‘dancing to its own tune’, with prices of the red metal forecast to reach about US$12,000 per tonne by 2026, say Bank of America analysts. BofA analysts…