Canadian miner Eldorado Gold has announced the completion of two key growth projects at assets in Canada and Turkey, in an update to its investors on the TSX and NYSE. At the Lamaque mine in Val d’Or, Québec, the firm has finished the Triangle-Sigma decline, which...
After two years of COVID-related disruption and a series of virtual-only conferences, Mines and Money returned to London today for its first in-person event since the pandemic landed in early 2020. Not to be deterred by fears surrounding the new Omicron variant, over 1,000 delegates flocked...
Oil and gas and mining companies raised £1.1 billion in new equity in the 12 months up to the end of September 2021, according to figures in a new study published by accountancy group UHY Hacker Young. The £1.1 billion in new equity raised by natural...
Chifeng Jilong Gold Mining has agreed to acquire Canada’s Golden Star Resources via a statutory plan of arrangement for US$470 million. The deal, which is to be executed by a majority-controlled unit of China’s Chifeng, will see Golden Star shareholders receive $3.91 for each share held. Chifeng...
Chile is set to open an exploration tender for around 400,000 tonnes of lithium as it looks to boost its flatlining production levels for the valuable battery metal. The South American nation holds the world’s largest known lithium reserves and was a global leader in production...
Anglo American will return a whopping US$4.1 billion to shareholders after making its best ever half-year profit haul, thanks to rising commodity prices and increased global economic activity. The diversified global miner reported pre-tax profits of $10.1 billion for the six months to June, up from $1.7 billion in the same period last...
The Government of Burundi in East Africa has suspended operations at several mines run by international mining companies, citing an unfair share of income from the country’s mineral wealth. In a letter to the seven targeted companies of British, Chinese and Russian origin, Mines Minister Ibrahim...
Vale has announced it will spend US$122 million on exploration at its Thompson nickel operations in the Canadian province of Manitoba, where the Brazilian company has been mining since 1961. The investment – Vale’s largest such commitment at Thompson nickel – aims to establish new deposits...
Barton Gold has officially commenced trading on the ASX after receiving more than A$15 million in subscriptions within five days of launching the initial public offering (IPO). The South Australia-focused gold explorer issued 60 million shares to new investors at $0.25 each under the offering. It...
Anglo American chief executive Mark Cutifani yesterday told the audience at this year’s virtual CIM convention that the world cannot survive without the contribution of mining to every aspect of modern life. In a galvanising speech during the opening plenary of the annual Canadian mining event,...