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Deals this week: AMEC Americas, African Eagle, Nevada Sunrise Gold and more
AMEC Americas has secured an engineering, procurement and construction (EPC) management services contract from Pretium Resources for Brucejack gold project in northern British Columbia, Canada. AMEC has been involved with the Brucejack project as a third party reviewer...
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Alpha Natural Resources to lay-off 412 coal workers
US metallurgical coal producer Alpha Natural Resources will cut 412 jobs prior to the sale of its Pennsylvania operations to Rosebud Mining. In October, Rosebud Mining agreed to acquire central Pennsylvania-based Amfire Mining from Alpha Natural Resources for...
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Cliffs Natural Resources may shutdown Bloom Lake iron ore mine in Canada
US-based mining firm Cliffs Natural Resources is considering closing its Bloom Lake iron ore mine in Canada after deciding that the expansion plan is not viable. The closure is part of the company's plan to exit its Eastern...
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Osisko Gold acquires Virginia Mines to create $1.2bn gold royalty company
Osisko Gold Royalties has signed an agreement to acquire Virginia Mines for C$479m ($424m) to create a C$1.3bn ($1.2bn) Montreal-based gold royalty company, which will hold royalty interests in two major gold mines in the province of Québec, Canada....
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Shenhua’s Watermark coal project in Australia moves ahead
The New South Wales (NSW) Department of Planning and Environment has recommended Shenhua's Watermark coal project for approval, moving the $1bn development closer to construction. Located 25km south-east of Gunnedah on the Liverpool Plains, the open cut coal...
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Muswellbrook Coal to open new mine at Castle Rock, New South Wales
Muswellbrook Coal Company plans to develop a new mine at Castle Rock, about 3km north-east of Muswellbrook in New South Wales, Australia. Muswellbrook's existing mine is expected to close in the next five years; however, the company intends...
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Romarco Minerals gains $200m funding for Haile project in South Carolina
Romarco Minerals has signed a binding commitment letter with a consortium of lenders for a $200m debt facility to develop its Haile project in South Carolina, US. The company signed the deal with lenders, including Caterpillar Financial Services,...
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