Mining.com

By Reuters LONDON, June 6 (Reuters) – Canada’s Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said. Mocatta is the largest financier of the global precious metals supply chain, accounting […]

By Cecilia Jamasmie Brazil’s President Michel Temer is set to issue a decree next week introducing key changes to the current mining regulations, aimed at making the country’s industry more competitive and sustainable. The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining

By Reuters JOHANNESBURG, June 7 (Reuters) – Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine’s owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object

By Cecilia Jamasmie World’s No. 2 miner Rio Tinto (ASX, LON:RIO) has joined forces with Minmetals, one of the biggest Chinese mining companies, to explore for mineral deposits first in the Asian country and then the rest of the world . The 50-50 joint venture with state-backed Minmetals follows a technical agreement signed in November,

By Reuters Democratic Republic of Congo’s prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The move could set off a legal battle between the government and major mining companies operating

By Cecilia Jamasmie Australian copper-gold miner OZ Minerals (ASX:OZL) moved closer to having control of takeover target Avanco Resources (ASX:AVB) Thursday, as it declared its cash and shares offer for the for Brazil-focused explorer “unconditional.” The Adelaide-based company is offering Avanco shareholders 8.5c in cash and 0.009 of its own shares for every Avanco share

By Michael Allan McCrae Investors gave a leg up to companies raising money for lithium, copper or nickel during the first quarter in 2018. Investors pored US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company. As usual gold was on top. Half the US$832M closed

By Frik Els Gold slipped back below $1,300 an ounce on Wednesday and is now trading flat for 2018, but investors in gold-backed exchange traded funds continue to see opportunity in the yellow metal. New data from the World Gold Council show retail and institutional investors in gold ETFs poured a net $771.3m into global

By Frik Els Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday’s close in higher than usual volume for a market capitalization

By Bloomberg News South Africa’s government has scrapped plans to compel mining companies to contribute 1 percent of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said. The levy was proposed in a draft of the nation’s new Mining Charter that was