Beijing-headquartered diversified group Tunghsu has signed a letter of intent to acquire a 26% to 38% interest in the Kami Mine Limited Partnership (Kami LP) from Alderon Iron Ore for between $15-million and $23-million, the TSX-listed iron-ore company…
Alderon adds second Chinese partner to Kami mine Read More »
London-listed gold mining company Petropavlovsk on Monday confirmed that it was considering a dual-listing on the Moscow Stock Exchange.
The company’s statement was in response to media reports that it was considering a dual listing to raise money fro…
Petropavlovsk confirms potential Moscow listing Read More »
Diversified mining company Rio Tinto is investing in its first company-owned solar facility, with about 100 000 solar panels set to supply electricity to its new Koodaideri mine in Australia’s Pilbara.
The company is investing $98-million in a 34 MW s…
Rio Tinto to build 34 MW solar plant at Pilbara mine Read More »
The Minnesota Department of Natural Resources (DNR) and Toronto-headquartered PolyMet Mining have approached the Supreme Court to review last month’s state Court of Appeals decision on permits for the NorthMet project.
The DNR is seeking a review of a…
Minnesota Natural Resources Dept and PolyMet approach Supreme Court Read More »
TSX- and NYSE American-listed New Gold on Thursday released the results of updated life-of-mine (LoM) plans for the Rainy River gold/silver mine, in Ontario, and the New Afton gold/copper mine, in British Columbia.
CEO Renaud Adams said that the rejig…
New Gold updates mine plans for New Afton, Rainy River Read More »
Canada-based precious metals miner Yamana Gold has rewarded shareholders with a maiden quarterly dividend of $0.0125 a share, in line with its previously announced 25% increase to the company’s yearly dividend.
The gold miner has now increased its yea…
Yamana posts profit, declares maiden quarterly dividend Read More »
Gold producer Agnico Eagle CEO Sean Boyd said on Thursday that he remained confident in the business, despite trimming its 2020 guidance to reflect a slower ramp-up at its new mines in Nunavut, Canada.
The miner, which also owns operations in Finland …
Agnico Eagle trims 2020 guidance on slower Nunavut ramp-up Read More »
Exploration and development company Beowulf Mining is considering “all options to take legal action” against the government of Sweden, but said on Thursday that it had not taken a decision yet.
CEO Kurt Budge confirmed that the board of Beowulf met in…
Beowulf considering ‘all legal options’ over stalled Swedish project Read More »
Canadian gold miner Kinross Gold has announced that it is proceeding with the La Coipa restart project in Chile, while a prefeasibility study at the nearby Lobo-Mare project remains on track to be completed by mid-year.
The La Coipa restart project wi…
Kinross pulls trigger on La Coipa restart project Read More »
Golden Triangle gold miner Pretium Resources on Wednesday lost more than one fifth of its value, after the gold miner provided its 2020 guidance for the Brucejack mine and flagged lower production from the new Valley of the Kings deposit.
The company …
