South America snapshot: Eight companies advancing assets
South America has long been a home away from home for North American-listed mineral explorers, developers and miners.
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Continental Gold drills visible gold at Buriticá; stock at 9-month high
The Buriticá project has attracted the interest of major miners such as Newmont.
Falling cobalt prices add fresh challenges to DRC’s economy
GDP growth in the DRC is expected to fall to 4.3% this year from 5.8% in 2018, due to a slowdown in mining activity triggered mainly by lower cobalt prices.
China’s CNMC agrees to work on Madagascar rare earth project
No value was put on the agreement but the Chinese company will also have the right to purchase 3,000 tonnes of rare earth products from the project within three years of production.
Acacia pokes holes in Barrick’s takeover bid, still open to “fair” offer
The African miner said it "strongly disagreed" with Barrick's valuation of the company and that the proposal appears to have ignored the value of its exploration and development assets.
Rio Tinto breaks ground at Madison copper-gold project in Montana
The move follows an earn-in agreement between the two companies, under which Kennecott Exploration can acquire a 55% stake in the property.
Chinese rare earth magnet producer to expand as EV demand booms
The importance of rare earths, has been thrust into the spotlight in recent weeks as China mulls whether to use its position as the world’s dominant supplier as a counter in its trade war with Washington.
Fosun mulls takeover of $1bn Russian miner GV Gold
The talks with GV Gold would be Fosun’s second attempt to acquire a stake in a Russian gold miner.
Orestone to start exploring copper-gold project in Chile
The Vancouver-based miner said that a geophysical contractor has been mobilized to the Resguardo project.
