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Mining News Digest
Saturday 29 April 2017
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$2 billion La Colosa project boasts reserves of over 25m ounces of gold.

The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.

Deal creates one of the largest diamond mines in West Africa.

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.

The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.

Slump in production at Cerro Negro and Red Lake mines behind 153koz year on year drop in first quarter.

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.

The tariff the Trump Administration plans to slap on Canadian lumber imports should lead to a further weakening of the Canadian dollar.

The hottest province for mining exploration is not Ontario, Quebec, or even the Yukon. It is actually Newfoundland, where a staking rush has quietly taken over the province.

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