Rio Tinto-First Quantum JV to develop massive copper project in Peru
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and First Quantum Minerals (TSX: FM) have formed a joint venture to advance the La Granja copper project in Peru to development….
M&A, Financing and Restructuring
Chaarat Gold sells Kapan mine in Armenia for US$54.5M
Chaarat Gold Holdings (LSE: CGH) is selling its only operating mine, Kapan, for US$54.5 million ($73.4 million) to Armenian miner Gold Mining Company. The miner, which once tried buying Centerra’s Kumtor…
Chaarat Gold mulls sale of Kapan, its only operating mine
Chaarat Gold Holdings (LSE: CGH), the company that once tried buying Centerra’s Kumtor mine in the Kyrgyz Republic, revealed on Friday that it’s considering the sale of its only operating mine, Kapan,…
What’s driving gold miners’ copper craze?
Gold miners have never been more bullish. But not on gold — on copper. The red metal is one of the driving forces behind Newmont’s takeover of copper-rich fellow gold…
How Madison Metals plans to disrupt junior finance with a uranium token
Industry veteran Duane Parnham sat at a cozy dinner table with his family last Christmas when inspiration struck. Watching his kids and in-laws engrossed in cryptocurrency trading gave Parnham, the…
Saudi firm to buy 10% stake in Vale’s energy metals business
Vale (NYSE: VALE) has inked a binding agreement with Manara Minerals, a joint venture between Saudi Arabia’s state-owned miner Ma’aden and the kingdom’s Public Investment Fund. In this deal, Manara…
Newcrest interim CEO on Newmont merger, and why copper could soon outshine gold
Sherry Duhe has only been in the mining world for a year and half. But she’s already been tasked with steering Australia’s largest gold miner, Newcrest Mining (TSX: NCM; ASX:…
Canada’s regulator clears Newmont’s acquisition of Newcrest
Mining giant Newmont (NYSE: NEM) said on Tuesday the Canadian Competition Bureau had cleared the company to proceed with its intended acquisition of Australia’s Newcrest Mining (ASX: NCM; TSX: NCM)….
Sweden’s Hexagon buys Sudbury-based automation firm HARD-LINE
Sweden’s digital technology group Hexagon AB announced on Wednesday the acquisition of Canadian mine automation and remote control solutions HARD-LINE for an undisclosed sum. The move, Hexagon said, will help…
Appian ready to deploy US$2B in cash-starved mining sector, says CEO
About a decade ago, private equity (PE) funds began to take an interest in the mining sector. At the time, financing was hard to come by, and the growth of…
SQM grows Aussie footprint with Tambourah earn-in deal
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has inked an earn-in agreement with Tambourah Metals (ASX: TMB) covering the Australian explorer’s Julimar North project in Western Australia Under the…
Australian lithium M&A heats up with Develop Global’s bid for Essential Metals
Australian base metals explorer Develop Global (ASX: DVP) is buying coveted fellow lithium developer Essential Metals (ASX: ESS) in a share-based deal worth about US$102 million (A$152.6 million). The buyer, a…