Month: March 2019

Pan African Minerals’ $2.2B claim over giant manganese deposit contract dismissed by court

Pan African Minerals, a unit of Timis Mining Corp., won’t resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company’s $2.2 billion claim against the West African nation. Tambao, one of the world’s...

/ March 14, 2019

Leagold describes Los Filos expansion

Vancouver-based Leagold Mining Corp. has filed the feasibility study for expanded facilities at the Los Filos gold complex 180 km south of Mexico City. The project currently consists of the Los Filos and Bermejal pits and the Los Filos underground...

/ March 14, 2019

CIBC upgrades Imperial Metals with Newcrest investment in Red Chris

Imperial Metals’ deal with Newcrest Mining to sell a 70% stake in its Red Chris mine in British Columbia averts a “liquidity crunch” for the Vancouver-based company and will improve execution at the mine, CIBC says. The transaction prompted the...

/ March 14, 2019

Atlantic Gold boosts resource, exceeds 2018 production guidance

Atlantic Gold has added measured and indicated ounces at its Touquoy, FMS and Cochrane Hill gold projects with results from its 2018 drill campaign. The company added 88,000 oz. gold at Touquoy which, net of mine depleting, represents a 17%...

/ March 14, 2019

Abramovich's Nornickel sale shows taste for Russian stock deals

Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning. Crispian Investments Ltd., a company controlled by Chelsea Football Club owner Abramovich and his partners, increased the size of the...

/ March 14, 2019

Sustainability pressure turns into competitive advantage for miners — report

Gone are the days where the economics of sustainability meant mining companies had to choose between what was best for their bottom line and what was best for the environment and the communities their mines affect, a BDO report, Impressions...

/ March 14, 2019

Monarques Gold cuts bonanza grades at McKenzie Break

Monarques Gold Corp. of Montreal saw visible gold in 12 of the first 41 holes drilled to date at its McKenzie Break deposit 35 km north of Val d’Or. One of those holes returned a bonanza of 265.00 g/t gold...

/ March 14, 2019

Mining's dirty secret faces a climate reckoning

Can mining be green? That’s certainly the ambition of some of the biggest companies in the sector. Rio Tinto Group last year became the first major miner to stop digging up coal altogether. Glencore Plc, historically one of the commodity’s...

/ March 14, 2019

Greece's Public Power relaunches coal-fired power plants sale

Greece’s Public Power Corp (PPC) relaunched the sale of three coal-fired power plants on Friday with a March 15 deadline for expressions of interest, after a previous tender last month failed to attract any satisfactory bids. Former bidders, which include...

/ March 14, 2019

New controversy engulfs London Metal Exchange's warehouses

The London Metal Exchange’s (LME) warehouse problems are back. Long load-out queues earlier this decade generated media scandal, a flurry of legal action and intense regulatory scrutiny of the exchange. The ensuing raft of reforms to its storage network appeared...

/ March 14, 2019

Northern Dynasty raises $10 million to develop Alaska Pebble project

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska. The deal prices the company’s shares at...

/ March 14, 2019

China becomes world's biggest importer of rare earths – analysts

China, the world’s top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday. China has for years been the...

/ March 14, 2019