Teranga buys Barrick’s Massawa in Senegal
Barrick Gold (TSX: ABX; NYSE: GOLD) is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold (TSX: TGZ; US-OTC: TGCDF) for US$300 million in cash,…
News
Anglo American cuts output targets for coal, iron ore and diamonds
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium,…
The Northern Miner Podcast – episode 164: Building the digital mine of the future, ft Campeau, de Jong, Miller, Abdur-Rahman, Bilborough, Siggelkow
This episode features the Big Data and Automation panel from The Northern Miner’s 2019 Progressive Mine Forum in Toronto. The event took place on Oct. 16 at the MaRS Discovery…
Metals Commentary: 5G technology should boost demand for gallium, cobalt
During the World Radiocommunication Conference (WRC) in Egypt in November, thousands of delegates from more than 100 countries adopted a treaty that moves the world closer to fifth-generation (5G) technology,…
Rare earth miner Lynas picks Kalgoorlie for processing plant
Australian rare earths miner Lynas (ASX: LYC) has selected the city of Kalgoorlie to build its new cracking and leaching plant to extract low-level radioactivity from the ore mined at…
Cleveland-Cliffs to acquire AK Steel in US$1.1B all-share deal
US iron ore producer Cleveland-Cliffs (NYSE: CLF) is acquiring AK Steel (NYSE: AKS) in an all-share transaction valued at US$1.1 billion. Cliffs, North America’s largest producer of iron ore pellets,…
Metals Commentary: Electric car sales are tanking, but metal use spikes
The global auto industry will produce 88.8 million cars and light trucks this year in an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by…
Commentary: The gold party has only just begun
The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar. As…
Centamin rebuffs US$1.9B bid from Endeavour Mining
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected a US$1.9-billion all-stock takeover bid from Canada’s Endeavour Mining (TSX: EDV) announced earlier on Tuesday, saying it did not offer…
The Northern Miner Podcast – episode 163: Lithium supply faces ‘huge bottleneck’, ft Castilloux, Bourassa, Miller, Mell
This episode features the Battery Metals panel at The Northern Miner’s 2019 Progressive Mine Forum in Toronto. The event took place on Oct. 16 at the MaRS Discovery District and…
Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…