Troilus Gold brings potential funding from credit agencies to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
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Mining People: BESTECH, Osisko Metals, Defense Metals, Soma Gold, TriStar Gold
Key moves in the mining sector.
Osisko Development surges on permitting milestone for Cariboo gold project
The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.
Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
Sierra Leone woos miners to clean energy with $11 billion plan
Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.
Mining boss Ellison tells investors: ‘I hate what I’ve done’
The executive has been pressured to explain why the company made historical payments to offshore entities he controlled.
Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
Alrosa plans production cuts and staff reduction for 2025
The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.
Beleaguered Ellison faces MinRes shareholders
The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.
