Carney seeks deeper Saudi mining, energy partnership
Canadian Prime Minister Mark Carney said Saudi Arabia could help drive growth in Canada’s mining and energy sectors as the two countries signed more than more than $1.4 billion (US$704…
M&A, Financing and Restructuring
Genesis trumps Regis with $3.9B takeover bid, 14% premium for Vault
Vault Minerals said its directors unanimously determined the new offer to be better than the all-stock agreement with Regis reached in May.
Ottawa’s $500M Red Chris bet tests BC grid
Ottawa’s $500-million (US$352 million) contribution to Newmont’s (NYSE, ASX: NEM; TSX: NGT) proposed Red Chris Block Cave has turned British Columbia’s northern power shortage into a live test of Canada’s…
Guardian may skip feasibility on $660M-value Nevada tungsten mine
Guardian Metal Resources (NYSE-A: GMTL; LSE-A: GMET; US-OTC: GMTLF) could start preparing to build its Pilot Mountain tungsten project by August next year on the strength of a new prefeasibility…
Anglo, Codelco seal pact to unlock $5B in copper
Anglo American (LSE: AAL) and Chilean state-owned miner Codelco have finalized a landmark agreement to combine development plans at their neighbouring Los Bronces and Andina mines, unlocking at least $5…
Hyundai backs ioneer’s Nevada lithium-boron project
Shares in Australian lithium developer ioneer (ASX: INR) gained this week after securing support from two South Korean engineering and infrastructure groups for its Rhyolite Ridge project in Nevada, a…
AbraSilver’s copper-gold results suggest district scale potential at La Coipita
AbraSilver Resource (TSX: ABRA; US-OTC: ABBRF) has drilled its best hole yet at La Coipita in Argentina, honing a Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK)-funded copper growth story beside…
Petra Diamonds cuts threaten 1,800 jobs, union says
South Africa’s largest mining union says workers are being unfairly blamed for industry pressures as Petra Diamonds restructures its Finsch and Cullinan operations.
KSM shows how difficult it is to build a mine in Canada
Canada still discovers giant gold deposits faster than it builds them and Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM project in British Columbia’s Golden Triangle is one of them. KSM won provincial and federal…
Elliot pushes Australia’s top gold miner to weigh sale
Activist investor Elliott wants Northern Star Resources to review strategy, leadership and board composition.
Copper prices must rise as supply crunch looms: Giustra
Copper prices will need to rise sharply as miners struggle to build enough new supply to meet demand from electrification, artificial intelligence and grid expansion, mining financier Frank Giustra says….
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…