Mining.com

Luxembourg’s mining-focused Space Agency ready to lift off

By Cecilia Jamasmie Luxembourg, one of the first countries to set its eyes on the possibility of mining asteroids, is officially launching its Space Agency (LSA) next week, which main goal will be boosting exploration and commercial utilization of resources from near Earth objects. The tiny country, one of the euro zone’s wealthiest, already has

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Viceroy says it’s shorting Canadian miner Pretium

By Bloomberg News Viceroy Research said it’s shorting Pretium Resources Inc., arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months. The New York-based short seller — which rose to prominence last year with research into financial irregularities at South African retail

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Leaders in raising capital in 2017

By Vladimir Basov Adequate financing is crucial for companies, especially for those working in such a capital-intensive industry as mining. Very few companies working in the Mining & Metals sector, even those with producing assets, can finance their operating, capital, exploration, development, and other expenses with cash-flow generated by commodity sales and other revenue-generating activities.

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Osisko acquires additional Gold Royalty on Barkerville’s Cariboo Gold Project in Canada

By Globe Newswire MONTRÉAL, Sept. 06, 2018 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a second amended and restated royalty purchase agreement (the “Agreement”) with Barkerville Gold Mines Ltd. (“Barkerville”) pursuant to which it will acquire an additional 1.75% net smelter

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Embattled Acacia Mining lets partner up stake in Nyanzaga gold project

By Cecilia Jamasmie Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country’s administration, said Thursday its project partner in the Nyanzaga gold project, Australia’s OreCorp (ASX:ORR), had secured government approval to increase its interest in the asset to 51%. The agreement, which will see OreCorp Tanzania invest $14 million

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India’s Aug gold imports double, hit 15-month high as prices drop -GFMS

By Reuters MUMBAI, Sept 5 (Reuters) – India’s gold imports more than doubled in August to hit their highest level in 15 months as lower prices prompted manufacturers to replenish inventory for a jewellery exhibition, provisional data from metals consultancy GFMS showed. The 116.5 percent jump in gold purchases year-on-year to 100 tonnes last month

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World’s biggest miner speeds hunt for copper assets, buys stake in SolGold

By Cecilia Jamasmie World’s largest miner BHP (ASX, NYSE:BHP) (LON:BLT) has bought a 6.1% stake in Ecuador-focused explorer SolGold (LON:SOLG) (TSX:SOLG) for $35 million, in a deal that increases its exposure to copper as the Cascabel project is believed to have the potential to become one of the largest copper-gold assets ever discovered. The Melbourne,

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China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

By Cecilia Jamasmie Canada’s Nevsun Resources (TSX, NYSEMKT:NSU) has found a new suitor in China’s state-backed Zijin Mining, which has offered Cdn$1.86 billion ($1.41 billion) for the gold and copper miner. Zijin’s friendly takeover bid values each Nevsun share at Cdn$6, which will be paid in cash, representing a premium of about 21% to the

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