Sundance seeks $8.8bn in damages over canceled Congo iron ore project
The Congolese government revoked its permit for the Nabeba project.
Latest Stories
Kuya to acquire First Cobalt’s exploration assets in Ontario
Kuya Silver entered into a letter of intent with First Cobalt to purchase a portion of the Kerr assets.
Traders at odds with China import ban keep coal cargoes in limbo
Worsening relations between Beijing and Canberra have stranded 74 vessels, about 8.1 million tons of coal, and an estimated 1,480 mariners off Chinese ports.
Gold price climbs on US stimulus agreement
Gold prices climbed to a six-week high on Monday on agreement of the $900 billion covid-19 relief bill.
Global copper output to grow over the next decade – report
Fitch Solutions forecasts global copper mine production to increase by an average annual rate of 3.7% over 2021-2029.
Almaden denied environmental permit for Mexico project
Reasons cited include insufficient information regarding the impacts of open pit mining on local environment.
Gran Colombia shares up on drill results at Segovia
Drilling highlights include 51.22 g/t Au and 1.9 g/t Ag over 1.91 meters on the Providencia Vein.
Lundin’s Chapada back in full production
Company withdrew its 2020 guidance for the mine in northern Brazil in September, after a power outage caused damage to all four of the operation’s SAG and ball mill motors.
Republic of Congo cancels iron ore project with Sundance Resources
The Australian miner started operations in northern Congo in 2010 and has invested almost $300 million.
