Canada Mining News

Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’

Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.

It’s not about scoring the big win, it’s about not backing losers

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.

Vancouver miner to become one of Nova Scotia’s largest single mineral claim holders

Coronet Metals to acquire 3,888 mineral claims in the Meguma Gold Belt.

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Eritrea 'poison pill' complicates miner Lundin's aspirations -sources

Lundin Mining's board of directors, chaired by billionaire resources tycoon Lukas Lundin, refuses to invest in Eritrea.

New First Nations led campaign calls for improved mining practices and better regulation in British Columbia

Province’s contribution to a clean energy future at risk unless changes are made.

China’s Tianqi Lithium buys minority stake in SQM for $4.1bn

The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.

Centerra gets $200 million for royalty portfolio and Kemess silver stream

The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.

Yamana begins gold and silver production at Cerro Moro mine in Argentina

Commercial production is expected in the second quarter of the year.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

ALX Uranium Corp. intersects elevated radioactivity at Newnham Lake uranium project

Project is located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east of Stony Rapids.

Canadian explorer looking to restart Europe's last tin mine to list in London

Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

IDM Mining expects environmental permits for Red Mountain by Sept.

The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.

Barrick signs 10-year gas supply deal to make Dominican mine greener

Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.

Canadian company to reopen gold mine in Spain

Orvana Minerals’ subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.

Gold miner in Honduras must stop exhuming bodies from cemetery – lawyer

The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.

First Nation and British Columbia to share gold mine tax revenue

The agreement is aimed at ensuring that the Indigenous group receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Canada / U.S. big players announce world’s first carbon-free aluminum smelting process

Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.

Canadian junior to acquire gold-silver project in Mexico

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

Dalradian up on resource update for Curraghinalt gold deposit

Document shows a 46% increase in gold ounces at the Northern Ireland project.

Erdene soars as Altan Nar project in Mongolia proves larger than predicted

Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.

Expansion of Canada’s first surface and underground diamond mine delayed

Construction of a new open pit at the mine has been delayed until further notice.

Kinross reels as two more African nations seek mining payoffs

The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.

Mexico greenlights First Majestic’s $320 million-acquisition of Primero

The approval was the final government agency’s permission the parties required to close the deal.