Gem Diamonds posts record results, but withholds dividend
The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Malaysia puts bauxite mining ban on hold until impact studies completed
Miners wishing to resume operations or start new ones must conduct a study on the environmental impact of their activities before receiving licences.
Strike hits Goldcorp’s Cerro Negro mine in Argentina
Mining stopped on March 8, when members of the Asociación Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surface stockpiles.
Sirius Minerals puts alternative plan for potash project on the table
The Woodsmith mine will be one of the world’s largest in terms of the amount of resources extracted — It's set to generate an initial 10 million tonnes per year of polyhalite, a form of potash used in plant fertilizers.
Newcrest inks $65-million JV deal with Greatland Gold
The joint venture will focus on advancing the London-based explorer’s Havieron project in Western Australia's prolific Paterson region.
Barrick gives up plans to acquire Newmont, will form Nevada JV instead
Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.
Newcrest grabs majority stake in Canadian copper-gold mine
Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
Gran Colombia’s Segovia gold mine richer than thought
The asset's reserves as at December 31, 2018 increased 4% to 1.9 million tonnes grading 11 grams per tonne of gold for 688,000 ounces, while measured and indicated resources increased 7% to 3.5Mt from a year earlier.
Petra Diamonds shares jump after another discovery at Cullinan
It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.
Amazon rainforest’s riches up for grabs as Brazil to open indigenous reserves to mining
Brazil’s new right-wing government is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.
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.
