Maduro to tap sanctioned dealmaker to ship gold to Iran
Alex Nain Saab Moran, one of the most powerful men supporting Nicolas Maduro’s regime, is said to have traveled to Tehran to broker a gold for gasoline deal.
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Nickel Asia shipments down amid covid-19 disruptions
The Philippines' biggest nickel miner said its first-quarter ore shipments fell 3.8% from 2019.
Polish coal producer to cut pay and hours by 20% in May
Poland generates most of its electricity from coal but demand for power has slumped due to the new coronavirus epidemic.
Shandong Gold grabs TMAC for $149 million
TMAC is the third underperforming Canadian gold junior to be acquired in the past few months.
Renewables to power Northern Minerals’ rare earth operation
The miner executed a letter of intent with Soluna Australia to develop a renewable-power and battery-storage facility at the Browns Range mine.
Monarch gets $5m to bring Beaufor mine into production
The Saint-Sauveur-based company just signed a deal with institutional investor Caisse de dépôt et placement du Québec.
MINING PEOPLE: CIM, Copper Reef Mining, Smooth Rock Ventures
Key moves in the mining sector.
Lucara Diamond in the red as market conditions worsen
Lucara lost $3.2 million in the first three months of the year, compared to $7.4 million in earnings in Q1 2019.
Updated feasibility boosts economics for Copper Mountain’s Eva project
A new study has increased the mine life by three years to 15 years, boosted annual production by 25%.