Vancouver Mining News

Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.

Pebble mine scores small win in land deal with Alaskan landowners

Deal with the Alaska Peninsula Corporation (APC) secures the company's right to use defined portions of APC lands to build and operate roads for the stalled Pebble copper-gold-silver project.

Sandstorm Gold board approves $18m share buyback, shares jump

The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.

Eldorado to invest $520 million in mill at its Turkish mine

The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

GT Gold's stocks soar following drill results at Tatogga

Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Lucara Diamond moves forward with ‘stone by stone’ sales plan

Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.

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.