Glencore records US$2.6B loss, scraps dividend
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered…
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Mulatos mine keeps paying off for Alamos Gold
When Alamos Gold (TSX: AGI; NYSE: AGI) paid Placer Dome $10 million for the Mulatos project in Mexico in November 2001, gold was below US$300 per ounce. At that gold…
Donald Trump Jr calls for blocking Pebble mine
Opponents of Northern Dynasty Minerals’ (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump’s son Donald Jr. took to Twitter…
Covid-19 creates ‘perfect storm’ for gold investment: World Gold Council
With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal’s demand trends. The Gold Demands Trends report covers…
Lynas gets green light for waste treatment plant in Malaysia
Malaysia has approved Australian rare earths miner Lynas Corp.’s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday. The miner, the world’s…
The Northern Miner Podcast – episode 198: Teck CEO Don Lindsay on the shift to copper, China and India, energy and ESG
This week’s episode features a wide-ranging interview with Teck Resources president and CEO Don Lindsay at the Canadian Mining Symposium on June 17, 2020. Northern Miner editor-in-chief Trish Saywell asks…
Chilean regulator threatens to shut down BHP’s Escondida for exceeding its water permit
Chile’s environmental watchdog said it would charge BHP’s (NYSE, LSE: BHP) Escondida copper mine, the world’s largest, with drawing more water than its permits allowed for nearly 15 years. The…
Eric Sprott takes $10M stake in Vizsla Resources
Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for 16 million units of the company at a price of $1.87 per unit for gross proceeds of $30 million…
Auryn Resources to acquire Eastmain in $121M all-share deal
Auryn Resources (TSX: AUG; NYSE: AUG) is acquiring Eastmain Resources (TSX: ER) in an all-share deal valued at C$121 million. The transaction will create a new firm, Fury Gold Mines,…
Probe and Midland enter JV on Detour Gaudet-Fenelon
Probe Metals (TSXV: PRB; US-OTC: PROBF) has entered into a joint venture (JV) agreement with Midland Exploration (TSX: MD) on the Detour Gaudet-Fenelon project, located 75 km northwest of Matagami, Quebec. Under…
Chinese funding may resurrect Rio Tinto’s troubled Simandou project in Guinea
Rio Tinto (ASX, LON, NYSE: RIO) is once again discussing the development of the controversial large-scale Simandou iron ore project in Guinea, as half-year earnings support an investment case for…
Chile’s Chamber of Mines rejects calls to privatize Codelco
Chile’s Chamber of Mines and unionized workers have rejected a proposal put forward by parliament members to sell state-owned Codelco, the world’s largest copper miner, in order to finance the…