Canada Mining News

Galantas Gold jumps after hitting main vein at Irish mine expansion

It means the company can now begin limited production, with increased feed to the mill expected in a couple of months.

No resolution yet for Acacia Mining tax row with Tanzania’s Gov’t

Barrick, which has been negotiating on Acacia’s behalf for over a year, had said it would deliver a deal for Acacia’s board to vote on by the end of June, but now says talks are ongoing and it has backed away from setting a new deadline.

Centerra delays completion of deal over Kumtor mine as Kyrgyz PM mull revisions

Deadline for fulfillment of all conditions included in agreement with the Kyrgyz government, which would end all disputes over the firm’s Kumtor gold mine, has been pushed back about a month.

Cashed-up bargain hunter SSR is on the prowl for next gold mine

The firm, formerly known as Silver Standard Resources, changed its name to reflect its tilt toward gold after acquiring the Marigold mine in Nevada in 2014.

Top Dalradian shareholder supports Orion Mine takeover offer

M&G Investment Management, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance.

First new all-electric mine dumps diesel; cuts costs, pollution

Hundreds of feet below thick forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in an experiment to ditch diesel.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

New York-based equity fund buys Ireland-focused Dalradian for Cdn$537m

Shares in the gold miner went ballistic over the news, jumping around 52% in London and more than 59% in Toronto.

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Azincourt Energy has the biggest stake in a promising lithium district

Azincourt Energy Corp and New Age Metals, have recently become the largest claim holder for lithium projects in the Winnipeg River Pegmatite Field.

Brixton Metals spins out cobalt assets

Welcome to Cobalt Street.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

South32 buys Arizona Mining for US$1.3 billion

Hermosa Project.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Canada says agreed with US to keep NAFTA alive, no talks set

Negotiations to modernize the North American Free Trade Agreement started last August and were initially scheduled to finish by the end of December.

Romania says Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators

Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Falcon Signs Agreement on Wabunk Bay, cobalt claims adjoining Uchi Mine, Northwestern Ontario

 Falcon Gold Corp has signed a letter agreement for the right to acquire a 100% interest in 2 (cobalt, copper, nickel & PGE's) mining claims in Earngey Township in the Red Lake District of northwestern Ontario

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

Midland resumes exploration work on the James Bay Gold project

The summer exploration campaign will focus on the Lasalle property.