Bacanora Lithium changes its mind on how to fund flagship Sonora mine
It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.
Cecilia Jamasmie , Editor-in-Chief
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Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal
Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year.
De Beers buys Canada’s Peregrine Diamonds for $81 million
Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.
Miners wrote off almost one-third of investments over last decade
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Australia’s Northern Minerals makes first rare earth from pilot plant
Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets.
Wreck of Russian warship carrying $130bn in gold found off South Korea
The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well as salaries of sailors and officers.
Peru unit of Plateau Energy finds one of ‘world’s largest’ lithium resource
Company plans to complete a feasibility study next year, which will reveal whether the proposed $800 million, underground lithium-uranium mine can and should be built.
Earth holds quadrillion tonnes of diamonds deep beneath its surface
Getting to them would take technology far beyond what we currently have at our disposal.
Lakes, rivers near abandoned mine sites likely source of antibiotics
Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.
LME to launch monthly ‘implied pricing’ for base metals
Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
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.
