Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner…
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Alamos Gold seeks US$1bn from Turkey linked to stalled project
Alamos Gold (TSX: AGI; NYSE: AGI) is seeking to obtain more than US$1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project,…
Orocobre and Galaxy Resources to merge in $3B deal
Lithium miners Galaxy Resources (ASX: GXY) and Orocobre (TSX: ORL; ASX: ORE) have agreed to a merger that would create a US$3.1 billion (A$4 billion) company, set to be the world’s fifth largest producer…
Equinox Gold sells Brazil mine, focuses on Canadian growth
Equinox Gold (TSX: EQX; NYSE: EQX) has sold its Pilar gold mine in Brazil for US$38 million in cash as part of a portfolio optimization strategy that includes increasing its stake…
Friedland: “It’s copper, copper, copper, copper, copper, copper …”
I’ve covered the mining industry for more than a decade and during that time have had many opportunities to listen to presentations and speeches by Ivanhoe Mines’ founder Robert Friedland….
TSX Venture down, April 12-16
The S&P/TSX Venture Composite Index fell 1.55% to finish the trading week at 944.46. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per ounce. Gold Mountain Mining climbed 48¢…
US markets mixed, April 12-16
The Dow Jones Industrial Average rose 1.18% to finish the week at 34,200.67 and the S&P 500 fell 0.77% to 3,913.10. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50…
TSX up, April 12-16
The S&P/TSX Composite Index rose 0.64% to 19,351.32 during the April 12-16 trading week. The S&P/TSX Global Mining Index jumped 4.81% to 111.25, and the S&P/TSX Global Base Metals Index…
Far North snapshot: Eight companies hunting for minerals in the north
In their search for future mines, many companies are turning to the Far North as existing resources are depleted. The North features favourable geology, mining-friendly policies and is much less…
Goldman Sachs calls copper “the new oil”
In a new report on copper, global investment bank Goldman Sachs says meeting the Paris climate goals and supporting the green transition away from fossil fuels and towards electrification will…
Nighthawk Gold hunts for more near-surface mineralization at Indin Lake project
Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) hopes to develop Canada’s next gold camp at its 100%-owned Indin Lake gold project in the Northwest Territories, about 220 km north of Yellowknife, says…
Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to…