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.
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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.
Copper tumbles below $6,000 as China sends metals into freefall
Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015.
Tariffs lay bare Washington’s rare earths dilemma
Yttrium is just one a host critical minerals on the list of Chinese imports targeted for the next escalation of the simmering trade war between the two countries.
Paulson & Co to ask Detour Gold for special meeting for board overhaul
Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive.
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.
London Metal Exchange moves further towards launch of lithium contract
The London Metal Exchange has asked companies that assess prices of battery-grade lithium to submit proposals to supply a reference for the cash-settled contracts it plans to launch next year.
UPDATED: Paulson plans to replace Detour board, explore sale of company
Major is interested in acquiring Detour.