It’s happening — Barrick makes hostile $17.8 billion bid for Newmont
If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Europe’s push for EVs a boon to Savannah’s Portugal lithium project
The company is close to making a decision on developing Mina do Barroso mine, which could become the first European supplier of spodumene, a lithium-bearing mineral.
Eldorado to hike gold production to over 500,000 ounces in 2020
For 2019, the Canadian miner expects to produce between 390,000 and 420,000 ounces of gold.
Barrick on Newmont merger: “No decision at this time”
The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.
Canadian miners had a tough 2018, but optimism remains — EY
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
Brazil mining authority halts two Vale complexes
The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.
Lundin Gold to step up exploration in Ecuador after securing $30m in financing
A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.
Barrick still committed to Chile, despite Pascua-Lama setback
Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.
Newcrest ups stake in Ecuador with Cornerstone deal
Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
Glencore yields to investor pressure, caps coal production
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
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.
