Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.
Canada Mining News
Projects aim at boosting output and lowering costs.
BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.
While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.
Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.
Prototype of battery electric LHD will be sent to a Canadian mine site.
Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.
The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.
The company was also included in the Dow Jones Sustainability North America Index for the 11th consecutive year.
The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.
All three projects are now over 95% built and transitioning into start up.
Acquisition makes of Alamos a top-10 gold producer in North America.
Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.
Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.
The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.
A preliminary economic assessment (PEA) of the Ekati mine in Canada's Northwest Territories has the iconic diamond operation staying open seven more years.
When the company's Pine Cove pit mine stops producing in about eight months, work will begin to turn it into a tailings storage facility with capacity of up to 7 million tonnes.
The sale of Santa Gertrudis has given GoGold much-needed cash to pay off its $46.3-million debt with the Bank of Montreal.
President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.
MGX Minerals says it is possible to get lithium from oil-extraction wastewater in just a few days
Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017
The cooperation agreement aims at identifying and exploring gold and copper targets in the areas covered by both companies’ existing licenses
The Canadian junior recently started a six-week drilling program at its Macmillan Pass Project located 200 kilometres northeast of the town of Ross River in Yukon