Sectors

Spruce Ridge Resources Signs Implementation Agreement for Consolidation and Spin-out of Crawford Nickel Project to Canada Nickel Company Inc.

Spruce Ridge Resources Limited announced that further to the letter of intent signed by the Company as announced on October 1, 2019, the Company has entered into the definitive agreement for that transaction on the same basis. John Ryan, Spruce...

Newmont Goldcorp agrees to sell Red Lake in deal worth up to $475mn

The deal is expected to be finalised in the first quarter of 2020 when Newmont will receive $375mn in cash and contingent payments of up to an additional $100mn tied to new resource discoveries. “This transaction both strengthens our balance...

Rio Tinto invests $749mn in Pilbara iron ore deposit

The Anglo-Australian miner said the investment in the Western Turner Syncline Phase 2 mine will facilitate mining of existing and new deposits and includes construction of a new crusher as well as a 13-kilometre conveyor, reports Reuters. The new conveyor...

Lodge Resources Inc Interim Agreement to Acquire Lemhi Gold Project

Lodge Resources Inc. is pleased to announce that it has entered into an interim agreement to acquire all of the shares of 1132144 British Columbia Ltd., the parent company of Lower 48 Resources (Idaho) LLC  which has an option...

Anglo American rough diamond sales value for De Beers ninth sales cycle of 2019

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers ninth sales cycle of 2019, amounting to $390 million. Bruce Cleaver, CEO, De Beers Group, said: “With signs of increasing polished price...

UNIDO and RUSSIAs PJSC Norilsk Nickel TO collaboratE ON environmentally-sound technologies

LI Yong, the Director General of the United Nations Industrial Development Organization (UNIDO), and Dmitry Pristanskov, State Secretary — Vice President of PJSC Norilsk Nickel (Nornickel), signed a Joint Declaration to support environmentally-sound technologies in the metals industry. “It is...

McEwen Mining: Exploration Drilling at the Gold Bar Mine Continues to Expand Mineralization

McEwen Mining Inc is pleased to report on near surface and deep exploration drilling progress at its Gold Bar Mine property in Nevada, where the Company commenced commercial production earlier this year. Drilling at Gold Bar South has successfully defined...

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