Diversified major Rio Tinto said on Friday that its Mongolian unit, Oyu Tolgoi, had initiated a formal international arbitration process to seek a definitive resolution with regard to a dispute with that country’s tax authority.
The Mongolia Tax Autho…
Rio Tinto turns to arbitration to settle Mongolia tax dispute Read More »
Canada’s Eldorado Gold has announced a 15-year mine life at Kisladag, in Turkey, to 2034, following the completion of long-cycle heap leach testwork and the replacement of the tertiary crushing circuit with a high-pressure grinding roll circuit. The ne…
Mine life extension puts Kisladag back on the map Read More »
Diversified mining company Teck Resources is continuing to target first production at the Quebrada Blanca Phase 2 (QB2) copper project, in Chile, by late next year, but the miner warned on Friday that there had been delays in the schedule, primarily ow…
Teck to update QB2 schedule, cost estimates Read More »
NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets.
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Coeur to reposition Silvertip, operations suspended Read More »
Canadian major Barrick Gold said on Thursday that it would not approve the mooted sale of Congolese parastatal Société Minière de Kilo-Moto’s (Sokimo’s) 10% interest in the Kibali gold mine to CSE-listed junior AJN Resources.
The major was responding …
Barrick says it will not approve Kibali ownership change Read More »
Embattled lithium development company Nemaska Lithium on Thursday announced that Guy Bourassa would step down. He would leave the management and vacate his seat on the board with immediate effect.
“Given the restructuring the corporation is undergoing…
Bourassa quits as Nemaska CEO Read More »
Gold miner Kirkland Lake has raised its guidance for the year to between 1.47-billion and 1.54-billion, to reflect the addition of the recently acquired Detour Lake mine, in northern Ontario.
The new mine will add between 520 000 oz and 540 000 oz to …
Kirkland aims for ‘well over half-a-billion’ free cash flow, designates Holt as noncore Read More »
Canadian exploration junior Star Diamond said on Tuesday that it would take all necessary actions to ensure that its interests in the Star-Orion South project, in which Rio Tinto Exploration Canada (RTEC) is earning into, were protected.
The company s…
Star Diamonds notifies Rio Tinto of noncompliance at Star-Orion Read More »
The Relief Canyon gold mine, in Nevada, has successfully poured its first gold and has now completed initial construction within its budget of $28-million to $30-million, TSX- and NYSE American-listed Americas Gold and Silver reported on Tuesday.
The …
First gold pour at Americas’ Relief Canyon Read More »
The community of Chilloroya has formally approved a surface rights agreement with TSX- and NYSE-listed miner Hudbay for the Pampacancha satellite deposit, located near the Constancia mine, in Peru, paving the way for mining to commence from the deposit…
Hudbay to start mining at Pampacancha in late 2020 Read More »
