New Gold mulls Rainy River underground expansion
Company expects to increase production at the mine by 22% this year to between 270,000 and 290,000 ounces of gold.
Cecilia Jamasmie , Editor-in-Chief
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Sprott invests in junior Goliath Resources
Investment firm has injected C$2 million into the junior, giving it a 8.5% stake in the company.
Baffinland Iron Mines asks court to end hunters blockade
Hunters from Arctic Bay and Pond Inlet oppose a proposed mine expansion, which includes building a 110-km railway.
Bacanora Lithium kicks off work at Mexico project
Heavy equipment will start the bulk site earthworks at the Sonora lithium project later in the year.
Gemcorp, Endiama to develop Mulepe diamond project in Angola
Gemcorp will own 75% of the business and Endiama 25% and alongside with funding a pilot project, the London-based investment firm will oversee operations.
Altus expands footprint in Egypt with four new licenses
Exploration licenses are part of Egypt’s inaugural competitive bid round, which started in 2020.
Petra Diamonds probes new claims of human rights abuses in Tanzania
The diamond miner revealed results of an investigation into incidents involving security operations at its Williamson mine between November 2020 and January 2021.
Mick Davis’ battery metals firm Vison Blue raises $60m
Vision Blue is investing $29.5 million in Canadian miner NextSource Materials, which is developing a graphite mine in Madagascar.
Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi deal
Rather than acting unilaterally, the government has asked Rio to mutually terminate the current contract.
Elon Musk offers $100 million for best carbon capture innovation
Sum will be awarded for the best technology created for removing carbon dioxide directly from the atmosphere or oceans and store that carbon in a safe, cost-effective way.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
