US-based Capital Group sells Fortescue shares worth $489 million
Shares of the world's fourth-largest iron ore miner have fallen nearly 25% so far this year.
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Gemfields fetches almost $69 million at ruby auction
The auction marked the 10th anniversary of Gemfields’ first sale of rubies from the Montepuez mine in Mozambique.
Mineral Resources to shut Yilgarn iron ore hub
The decision was partly triggered by the limited remaining life of the five operating mines that make up the hub.
Carson Block raises money to bet on rising metals and mining stocks
Earlier this year, Block’s firm set up a long-only fund, Muddy Waters New World Order Fund, to invest in Vietnam.
Another report calls out red tape in Canada’s resource sector
C.D. Howe Institute warns that long timelines for major project approvals of up to 10 years scare away investors and delay projects.
Codelco-SQM lithium deal can proceed without shareholder approval, regulator says
Tianqi, which holds about 22% of SQM shares, has repeatedly called for a vote by all shareholders.
Coast Copper doubles size of Sully property near former Teck mine
The Cominco/Teck-operated Sullivan mine was once a major producer of base metals.
McEwen Mining raises $22 million to fund Fox Complex exploration in Ontario
The Fox Complex comprises several mine properties covering 70 sq.km. along the Destor-Porcupine fault, also known as the ‘Golden Highway’.
Rio Tinto to invest $165 million in Quebec aluminum smelter renovation
The miner asaid it will offset the carbon emissions related to the construction project through initiatives like planting trees near the aluminium smelter.
