IAMGOLD (TSX:IMG) is taking a further step towards diversifying its power needs into renewable energy, with a plan to install at 15-megawatt-peak (MWp) solar power plant at its Essakane mine in Burkina Faso.
IAMGOLD Mining News
Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.
Current gold environment necessitates cost cutting.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
The Canadian miner said it expects the lower output to "adversely" impact costs at the mine.
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Under the golden light of the setting Saharan sun, two types of workers shuffle between concrete huts on their way home, still bathed in sweat from a day in the mines.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.
This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.
A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.
IAMGOLD share price dip continues
With common shares of to be delisted from the TSX June 25, IAMGOLD has purchase Trelawney at $3.30 a piece.
Announced today, the Ontario Superior Court of Justice has approved the plan for IAMGOLD Corporation to acquire all of the issued and outstanding common shares of Trelawney.
Canadian base metals producer Taseko Mines (TSX:TKO) has come out with a new resource estimate at its Aley niobium project in northern BC.
Reuters reports Canadian gold miner IAMGold is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday the company represents good value right now. IAMGold has in the past said interested in various stage projects, from exploration through to production and just over the last fortnight has put money into three South American juniors. IAMGold produces roughly 1 million ounces per year from operations in Africa and North and South America and sees bullion topping out at $2,000 an ounce this year or next from current levels around $1,790.
Further to the announcement on 15 April 2011, Gold Fields announced that its shareholders have overwhelmingly approved the US$667 million acquisition of IAMGOLD Corporation's 18.9% stake in the Tarkwa and Damang gold mines in Ghana. Of the 603 million shares (84% of total shares in issues) that were voted at a general meeting 93% were cast in favour of the transaction.
Iamgold's Q4 profit jumps to $144.9 million as production rises 35%. Iamgold Corp said on Thursday its fourth-quarter profit rose as increased gold production and higher gold prices helped boost results.