Decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month, killing over 300 people.
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A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.
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The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.
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The Mining Association of Canada is introducing a new standard, the Water Stewardship Protocol as part of its Towards Sustainable Mining initiative.
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MAC publishes new protocol for mines Read More »
The awards will be presented at the PDAC convention during the student-industry networking lunch on March 4, 2019.
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The company recorded a $52.8 million fourth quarter loss in adjusted EBITDA.
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Suspended cobalt sales, higher costs fuel Katanga’s Q4 loss Read More »
With a 5.5% zinc equivalent cut-off, indicated resources in the Key Anacon Main and Titan zones total 2.0 million tonnes grading 5.77% zinc, 2.38% lead, 0.22% copper, and 68.90 g/t silver.
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Osisko releases maiden estimate for Key Anacon, Gilmour Read More »
The mine produced a total of 9.4 million oz. of silver and more than 375,000 lb. of cobalt from the No.3 shaft at various times from 1917 and 1989.
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The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.
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Annual gold output to double at Lalor mine, says Hudbay Read More »
Pebble Project is one of the richest copper-gold deposits ever discovered.
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