Brazilian miner Vale failed to meet safety standard levels for three dams in Minas Gerais state, the company said in a securities filing on Wednesday, adding it did not see any impact on iron ore production this year.
Three dams and three dikes have …
Vale receives negative safety report for 3 dams, sees no impact on output Read More »
ASX-listed and TSX-V listed Austral Gold has made moves to acquire TSX-V-listed Revelo Resources Corporation, with the two companies striking a conditional non-binding letter of intent (LoI).
It is proposed the each Revelo shareholder would be given …
Austral targets Revelo Read More »
Suitor Shandong Gold Mining will have until September 7 to match an increased offer for ASX- and TSX-listed Cardinal Resources.
Cardinal shareholder Nordgold this week increased its all-cash offer for Cardinal shares from 60c a share to 90c a share, r…
Shandong has deadline to match Cardinal offer Read More »
ASX-listed Lithium Australia has struck a gold-focused farm-out joint venture (JV) with fellow listed Okapi Resources over the Mount Day and Medcalf tenements, in Western Australia.
Under the terms of the agreement, Okapi will pay a A$20 000 deposit t…
Lithium Australia/Okapi form gold JV Read More »
Diversified miner BHP has launched a $1.9-billion multi-currency subordinated note repurchase plan, targeting US dollar and euro subordinated notes issued in 2015.
The miner said this week that the multi-currency plan, which will be funded from surplu…
BHP launches share buy-back Read More »
ASX-listed Southern Gold will raise A$10.2-million through a share placement to fund drilling activity over the next two years. The company on Thursday announced that it had received commitments for the subscription of 85-million shares, priced at 12c …
Southern Gold raises funds for Korean exploration Read More »
The resources sector has proven to resilient during the Covid-19 pandemic, bucking the trend to deliver positive growth in the June quarter, new data from the Australian Bureau of Statistics (ABS) has shown.
The ABS this week revealed that Australia’s…
Mining bucks growth trend Read More »
Papua New Guinea’s Kumul Minerals Holdings is open to talks with Canada’s Barrick Gold and its joint venture partner to restart production at a highlands gold mine, the State-owned miner’s chairman said, according to a report on Wednesday.
The overtur…
Papua New Guinea entity seeks talks with Barrick over mine restart – report Read More »
The Environmental Protection Agency said on Wednesday it had created a Colorado-based office focused on hardrock mining cleanups in Western US states, a move aimed at streamlining the remediation of thousands of mines abandoned over decades.
The Offic…
US EPA opens Colorado office to focus on hardrock mining cleanups Read More »
Brazil’s Senate passed a bill on Wednesday that tightens the safety rules and inspection for dams in the mining industry, setting fines of up to one-billion reais ($187-million) for failure to comply.
The legislation reinforces the prohibition of the …
Brazil Senate passes bill to limit, fine upstream mining dams Read More »
