The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.
Canada Mining News
Should foreigners who allege human rights abuses against a Canadian company operating in a foreign land have their case heard in a Canadian court?
Biggest loss in the past 25 years.
CanAlaska is buying back MC Resources Ltd. (Mitsubishi)’s 50% interest in the West McArthur project for $600,000 and a 1% royalty to MC.
The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.
The ruling comes only a few days after the Canadian miner decided to halt work at its mine in northern Greece, putting 600 jobs in the line.
In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.
Gold has become this year the best-performing non-agricultural commodity.
Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.
New report prepared by environmental consultant firm, Hemmera highlights restrictive regulations, lack of clarity in land access and use policies.
The indefinite suspension of the Picadilly mine, in Canada's New Brunswick, is expected to cut the company's capital costs by $50 million in 2016 and $135 million over the next two years.
Every day, 93 million barrels of oil are consumed by the world economy.
Brace yourselves Canadians, the pipeline drama is about to heat up again.
The property is located some 70 kilometres southeast of Goldcorp Inc.’s past-producing El Sauzal gold mine.
After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.
Move comes as Canada's Eldorado, Europe's largest potential gold producer, announced massive job cuts as a result of government bureaucracy.
The Canadian deep sea miner has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s production and storing equipments.
The freeze on new leases for coal mined from federal lands is part of a sweeping review of the federal coal plan.
Robert Gannicott's replacement as chairman will be Jim Gowans, a former DeBeers Canada CEO and most recently the co-president of Barrick Gold,.
These rulings set aside the award of the International Arbitration Court at the Moscow Chamber of Commerce and Industry dated June 30, 2014 (the “MCCI Award”) through which Stans was awarded US$118,000,000 in damages.
When the sector comes back, shareholders will expect their returns.
The decision grants Rosia Montana protection from industrial activities, including mining.
Tahoe Resources Inc. (TSX, BVL: THO, NYSE: TAHO) is pleased to announce mine production results for 2015 and to provide production and cost guidance for 2016.
Lundin will pay Ecuador an advance royalty of $65 million. In exchange, the miner won’t be charged a windfall tax until it recovers its development investment.
Cenovus and Suncor fund cleantech entrepreneurs to accelerate environmental and economic solutions