Saudi miner said to weigh world’s biggest rights issue in a year
Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018.
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Pan Global gets access to Torrubia copper target in Spain
The Canadian miner said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrubia trend.
Vancouver junior Barrian optimistic after IP survey at Nevada gold project
The Canadian miner said that the survey identified multiple high-priority anomalies that warrant follow-up reverse circulation drill testing.
Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania woes — CEO
The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner it does not already own, at a discount.
Danakali about to secure financing for potash project in Eritrea
Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.
Earthquake rattles northern Peru near gold and copper mines
The tremor prompted officials to activate emergency protocols.
South African carbon tax finally becomes law
The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and push up electricity prices.
Workers at Codelco’s Chuquicamata mine to vote on strike action
Unionized workers rejected on Saturday the miner’s final contract negotiation offer and announced that they will vote on a proposal to go on strike.
Lab-grown diamonds to get sustainability standard certification
The announcement follows a warning by the US Federal Trade Commission regarding the misuse of the words eco-friendly’ and ‘sustainable.’
