MINING.COM

To borrow $500m, Zimbabwe pledges mine that doesn’t exist

The collateral for African Export-Import Bank’s $500 million loan to Zimbabwe is a mine that Great Dyke Investments, a venture between Russian investors and the Zimbabwean military, plans to build at a cost of $4 billion.

Bloomberg News | May 22, 2019 | 7:47 am

California project yields high-grade mineralization for Rise Gold

The Vancouver-based miner is exploring the past-producing Idaho-Maryland gold mine, located near Grass Valley in northeastern California.

MINING.COM Staff Writer | May 22, 2019 | 6:53 am

Newcrest starts drilling at Greatland Gold’s project in Western Australia

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.

Cecilia Jamasmie | May 22, 2019 | 6:50 am

Delrey moves ahead with acquisition of vanadium property in Newfoundland

According to the Vancouver-based miner, there are low exploration and development costs associated with the project.

MINING.COM Staff Writer | May 22, 2019 | 6:48 am

Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

Cecilia Jamasmie | May 22, 2019 | 3:49 am

The future of energy won’t be decided by voters — opinion

Investors in energy seem now to be sitting on the sidelines, waiting to see whether the cost deflation in renewables will overcome issues around grid integration, or whether some unforeseen policy backlash can drive a second coming of fossil fuels.

Bloomberg News | May 21, 2019 | 2:58 pm

Hudbay said to prepare sale of Arizona copper mine stake

The Toronto-based base metals miner has interviewed potential advisers about selling a 30% stake in the Arizona Rosemont project.

Bloomberg News | May 21, 2019 | 2:03 pm

Glencore to supply cobalt feedstock to restart First Cobalt refinery in Canada

Glencore said it will also evaluate providing a loan to fund the capital needs to restart the refinery, as the two companies look to speed up the restart.

Reuters | May 21, 2019 | 1:57 pm