Junior Mining News

Peabody Energy to buy Alabama coal mine for $400 million

By Cecilia Jamasmie US coal producer Peabody Energy (NYSE: BTU), the world’s largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the Asian and European steel […]

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Generic Gold Announces Completion of Drill Program on Its VIP Gold Project, Yukon

By Ashley Cowell Generic Gold Corp. (CSE:GGC) (“Generic Gold” or the “Company”) is pleased to provide an update on its recently completed reverse circulation (“RC”) drill program on its VIP property in Yukon, Canada. President and CEO, Kelly Malcolm commented: “During the first ever drill program on the VIP property, Generic completed 1,090 metres in

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China’s Ganfeng Lithium lands three-year contract to supply Tesla

By Cecilia Jamasmie China’s No.1 producer of lithium, the coveted metal used in the making of batteries that power electric-vehicles (EVs), has agreed a deal with Tesla Inc. to supply 20 percent of its production to the car maker. The three-year agreement, valid from January 2018 to December 2020, can be extended by another three

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Paulson joined by 15 investors in council to oversee gold miners

By Bloomberg News After almost a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector. John Hathaway — who is a general partner at Tocqueville Asset Management LP —

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Searchlight Resources Announces Mr. Peter Dueck P.Geo as New Director

By Ashley Cowell Searchlight Resources Inc. (TSXV:SRCH) (“Searchlight” or the “Company”) is pleased to announce that Mr. Peter Dueck B.Sc, MBA, P.Geo has joined the Board of Directors of Searchlight. Mr. Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium companies. Until early

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Bonterra Receives Final Court Approval of Arrangement

By Ashley Cowell Bonterra Resources (TSXV:BTR; OTCQX:BONXF, FWB:9BR1) (“Bonterra”) is pleased to announce that it has received today a final order of the Supreme Court of British Columbia in respect of its previously announced plan of arrangement (the “Bonterra Arrangement”. The Bonterra Arrangement, which involves spinning out of certain assets of Bonterra to Gatling Exploration

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Colombian court hands major win to South32, won’t have to pay damages

By Cecilia Jamasmie Colombia’s Constitutional Court has sided with Australia’s South32 (ASX, LON, JSE:S32), saving the company from paying $400 million in compensation for alleged damages to local communities caused by waste emissions from its Cerro Matoso nickel mine and smelter. The final ruling, local paper La Razón reported, was based on independent medical examinations

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