The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
Europe Mining News
Record outflows from gold ETFs as price plumbs 3-week low
It's been a rough set of trading sessions for the yellow metal.
Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement
Deal creates one of the largest diamond mines in West Africa.
Norilsk Nickel sues Botswana over thwarted mine stake deal
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.
Czech mining industry pins hopes of revival on lithium
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
Fresnillo silver output up almost 11pct in first quarter, but gold falls
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
Caterpillar soars as first quarter sales jump for first time in over two years
The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.
Sandvik starts the year with better-than-expected profit
Miners have begun spending in equipment again, the Swedish firm's results show.
More iron ore comes to the market as Anglo’s output soars in Q1
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Galantas Gold plummets as it halts Irish mine expansion on terrorism fears
The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.
BHP top shareholders step up pressure for oil spinoff
They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.
Harrogate company helps discover diamonds
A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.
India’s Supreme Court won’t try forcing UK to return Kohinoor diamond
The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.
Strike at Escondida hurt Rio Tinto copper output
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Expanding scrap processing and covering more ground with the new mobile equipment of Metso N-Series
The new Metso N-Series Mobile Shear/Baler/Logger (NMS) and N-Series Box Shear (NBS) have been developed with active and mobile scrap processing companies in mind.
Metso advocates for more data-driven operations
The Finnish industrial machinery company presented its new digital platform Metso Metrics Services at CONEXPO-CON/AGG 2017 in Las Vegas
Climate change and risks to fossil fuel industry: sustainability train has left the station
Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.
Developing Health and Safety in Mines
The phrase “Zero Harm” is a widely used strapline throughout the mining industry as we try to combat having reached, statistically at least, a safety plateau.
Turkmenistan opens bid process for country’s second potash plant
The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.
Another potash mine coming soon to Canada’s Saskatchewan
Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.
South32 drops $200 million plan to buy Peabody coal mine
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
Potash producer Belaruskali to make new kind of fertilizer — report
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
British scientists find sub-sea minerals treasure trove
They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.
