Mining.com

By Cecilia Jamasmie Junior explorer Metminco (ASX, LON:MNC) is joining the craze for securing battery metals sources by grabbing the Jejevo nickel project in the Solomon Islands, Oceania, east of Papua New Guinea. The company is doing so by buying Sunshine Metals in a scrip transaction that will give it 80% of the project, on […]

By Cecilia Jamasmie Kirkland Lake Gold (TSX, NYSE:KL) has almost doubled its stake in fellow Canadian precious metals explorer Osisko Mining (TSX:OSK) by acquiring about 15 million common shares for around C$25 million ($19m) in cash. With the investment, the Toronto-based miner increased its interest from the existing 8.58% to 13.61%, while its shareholding in

By Resolve The Alliance for Responsible Mining (ARM) and RESOLVE have released a code to facilitate increased responsible sourcing from artisanal miners, while contributing to improved social and environmental performance of artisanal and small scale mining sector. Artisanal miners produce 20% of the world’s gold, but the complexities of risk management for artisanal sources often

By Reuters LONDON, Sept 18 (Reuters) – Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa’s competition watchdog imposed conditions on the deal. Given the positive recommendation by the commission it mostly looks like a done deal. On Monday, the competition watchdog gave

By Reuters GUATEMALA CITY, Sept 17 (Reuters) – The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country’s top court kept in place a more than 14-month suspension of operations at the company’s Escobal silver mine. The layoffs at Minera San Rafael, Tahoe’s

By Bloomberg News (Bloomberg) — Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for at least the past two years

By Cecilia Jamasmie Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the miner has been trying to advance two major gold projects for years, are about to grow as the company is asking the government for €750 million (about $877m) in compensation for damages. The Vancouver-based firm said its application for payment is a

By Vladimir Basov It is hardly a surprise that existing and future shareholders in the mining industry are predominantly concerned about returns on their investments. Regardless of whether investors are seeking a capital appreciation of their stock portfolio or plan to grow their money through dividend payments, or a combination of both, they typically make

By Cecilia Jamasmie South Africa’s competition watchdog approved Monday a proposed takeover of struggling platinum producer Lonmin (LON:LMI) by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), but imposed several conditions to limit some of the planned 3,000 job losses expected to come after the merger. The country’s Competition Commission said the transaction, which is scheduled to close by the

By Reuters Three South African unions have signed a three-year wage deal with AngloGold Ashanti, potentially inching the country’s gold industry a closer to ending a standoff over pay. South Africa’s gold mines have seen margins shrink and a depletion in the grades of ore after a century of mining in what are the deepest