Junior Mining News

US to spend $1 million on abandoned uranium mines cleanup

By Cecilia Jamasmie The US House of Representatives has approved an amendment to an energy and water act expediting the cleanup of abandoned uranium mines across the country, particularly in the so-called Arizona Strip, which contains about 40% of the country’s reserves of the yellow metal. Uranium was extracted there, mostly within the vast Navajo

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Signature Resources Announces VLF Inversions Define Key Geological Features and High Priority Targets

By Hamza Ghaznavi Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) is pleased to announce that it has received additional interpretation of its airborne geophysical data. Inversion of a test block of data for the Terraquest Matrix VLF system has identified Resistivity Lows that are coincident with both the Northern and Southern Target Horizons, which contain multiple high

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Resolute’s Syama gold mine in Mali to be fully automated

By Cecilia Jamasmie Resolute Mining (ASX:RSG) has signed a strategic framework deal with Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) to fully automate the company’s Syama gold mine in Mali. Under the agreement, Sandvik will develop Resolute’s underground operation around a fully automated production system by delivering some tested technology such as AutoMine® and

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China’s CITIC grabs stake in Ivanhoe Mine for $560 million

By Cecilia Jamasmie A Chinese state-owned conglomerate will become Canada’s Ivanhoe Mines’ (TSX:IVN) biggest shareholder after billionaire Robert Friedland’s company agreed to sell a 20% stake for about $560 million (Cdn$723m). Under the deal, CITIC Metal will also make a $100 million loan facility available to the Canadian listed company, which said it would use

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Vale inks first-ever cobalt streaming deal from Canada’s Voisey’s Bay mine

By Cecilia Jamasmie Brazil’s mining giant Vale (NYSE:VALE) has inked a pioneering agreement to sell future production of cobalt from its Canadian Voisey’s Bay mine, located in the Atlantic province of Newfoundland and Labrador, as speculation rises over a shortage of the metal needed to make batteries and which has been pushing companies to secure

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