Month: February 2019
Barrick, Newmont step up game to sway top investors
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that are merger of the companies is the best, or the worst, option for them. The Toronto-based miner, which launched its hostile...
Lynas auditors flag 'material risk’ for the rare earths miner over Malaysia conditions
Auditors to Australian rare earths miner Lynas Corp (ASX: LYC) warned of a material risk to its business, after the company revealed it would not be unable to comply with tough conditions imposed by the Malaysian government on its licence...
Brazil judge orders Vale workers out of jail
A Brazilian judge on Wednesday ordered the release from jail of several Vale SA workers arrested last month in a criminal investigation of a deadly mine accident, saying there was no risk they would flee or destroy evidence. Separately, Vale’s...
Ex-Goldman banker may finish huge gold deal five years later
The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago — Barrick Gold Corp. Chairman John Thornton. On Monday, Barrick went...
Belgian fast-moving 'caterpillar' in deep sea copper, cobalt race
* U.N. meeting in Jamaica to work on deep sea mining law * China holds most licences, Belgium has technological edge * DeepGreen has partnership with Denmark’s Maersk * DEME unit Global Sea Mineral Resources tests technology Belgian group DEME...
Mountain Province begins Kennady North winter drilling
Toronto-based Mountain Province Diamonds has begun the winter exploration program at its 100% owned Kennady North project. The property is adjacent to the Gahcho Kue diamond mine, a joint venture of De Beers Canada (51%) and Mountain Province (49%). The...
Stunning footage of Australia copper, lead, zinc train derailment
Queensland Rail had stowed a train carrying copper, lead and zinc concentrate from Glencore’s operations in the Australian state on 31 January as a precautionary measure. That was not sufficient to protect the 80-wagon Mount Isa train after historic rainfall...
Chile set to unveil 25 mining projects open for investment at this year’s PDAC
The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt,...
Pure Gold Mining completes PEA on satellite deposits at Madsen
Mining three satellite deposits that outcrop within one to three kilometres of the Madsen mill at its Madsen project in Red Lake, Ontario, would add roughly $51 million in after-tax net present value to the Madsen project, Pure Gold Mining...
BHP announces executive changes
BHP Group Ltd, the world’s biggest miner, announced a raft of management changes on Thursday, in line with its “transformation agenda” led by Chief Executive Andrew Mackenzie. The executive-level changes at BHP include the appointment of a chief commercial officer...
Blue Sky calls Ivana PEA positive
Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company’s Amarillo Grande project in Rio Negro Province. The PEA calls for an open pit mine...
Codelco to kick off Chuquicamata underground by mid-year
Chile’s Codelco, the world’s No. 1 copper producer, plans to kick off underground operations at its century-old Chquicamata mine by mid-year, chairman Juan Benavides said Wednesday. The $4.9 billion-switch, part of Codelco’s 10-year, $39 billion-overhaul of its core mines, is expected to...