Vancouver Mining News

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.

B2Gold opens major new solar farm at its Namibia mine

The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.

Mongolia listing boosts investors confidence in Erdene Resource

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

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.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

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.

Barrick grabs stake in Midas Gold, accesses promising Idaho project

The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.

First ever Resources for Future Generations conference expected to attract upwards of 2,000 attendees

The conference will bring sustainability and ethical issues around energy, mining, and water into the spotlight.

Barrick, NovaGold project in Alaska gets key environmental approval

Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.

Teck ups stake in Chile Quebrada Blanca copper mine in $162.5m deal

Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.

Mongolia arrests ex-minister in Swiss graft probe — govt

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

Suncor output to suffer from early start of Syncrude maintenance

Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

NovaGold up on better-than-expected drilling results for Alaska mega-project

Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Experts warn of civil unrest in Argentina as it readies to lift ban on open pit mining

President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.

Suncor Energy hikes stake in Syncrude in $730 million deal

Canada's largest energy producer also buys into Norwegian Sea oil project.

Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Canada’s Fort Hills oil sands project delivers first bitumen

Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.

Rio Tinto bets big on Mongolia, opens local office

The new unit, under Mongolian leadership, will focus on exploration and local ties.

Force Majeure at Oyu Tolgoi mine due to border protests

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.