Equinox to buy Premier Gold in $480 million all-stock deal

The friendly deal hands Equinox Premier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.

Cecilia Jamasmie | December 16, 2020 | 7:03 am

Rio Tinto's $6.75bn Oyu Tolgoi expansion to kick off production in 2022

Rio Tinto’s $6.7bn Oyu Tolgoi expansion to begin in 2022

The update on budget and timeline for the expansion didn't provide clarity on the funding and economics surrounding the giant project.

Cecilia Jamasmie | December 16, 2020 | 3:45 am

Debswana posts 37.5% jump in 9-month diamond sales

De Beers buys time to close diamond deal with Botswana

It has extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic

Cecilia Jamasmie | December 15, 2020 | 6:25 am

Chifeng Jilong walks away from deal to buy Ghana gold mine

Resolute Mining sells Bibiani to Chinese group

China’s Chifeng Jilong Gold will pay Resolute $5 million upfront and the remainder upon completion of the transaction, expected in March 2021.

Cecilia Jamasmie | December 15, 2020 | 3:53 am

World's copper mines struggle to recover from covid-19: Andy Home

World’s largest copper miner to cut carbon emissions 70% by 2030

Chile's Codelco also vowed to reduce inland water consumption by 60% and recycle 65% of its industrial waste.

Cecilia Jamasmie | December 14, 2020 | 6:43 am

Greenland grants Bluejay exploitation licence

Greenland grants Bluejay exploitation license

The $245 million Dundas ilmenite project is expected to reach full production by 2022.

Cecilia Jamasmie | December 14, 2020 | 3:49 am

Vale Closed Its Eyes to Corruption Allegations, Says Steinmetz

Vale asks US court to force Steinmetz to pay $2bn award

Vale is urging a New York-based federal court to force the magnate to reveal all assets to enforce and so obtain the arbitration award.

Cecilia Jamasmie | December 11, 2020 | 6:33 am

First Quantum shelves plan to sell stake in its Zambian copper mines

Zambia to buy gold from First Quantum to boost reserves

The nation's central bank will hold gold for the first time since 1995 as foreign-exchange reserves near record lows.

Cecilia Jamasmie | December 11, 2020 | 3:54 am

Greatland unveils maiden resource for Havieron project

The gold-copper project, a joint venture with Newcrest, holds 4.2 million ounces of gold equivalent.

Cecilia Jamasmie | December 10, 2020 | 8:43 am

Lucapa finds another +100ct diamond at Lesotho mine

The D-colour, Type IIa white diamond is the fourth larger than 100 carat recovered from the southern lobe of the Mothae mine.

Cecilia Jamasmie | December 10, 2020 | 6:00 am

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