Barrick grabs stake in Royal Road Minerals in $1.3 million deal
Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.
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Rio Tinto and two former top execs must face fraud charges — SEC
SEC will push ahead with the prosecution of the company, former chief executive Tom Albanese and ex-chief financial officer Guy Elliott over alleged attempts to cover up multi-billion losses on a coal investment in Africa.
Gold price: ETF holdings jump to near 5-year high
Hedge funds have also been building exposure to gold, doubling bullish bets on futures markets to 20m ounces in just three weeks.
France’s Areva rebrands to Orano in dire uranium market
French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.
Pretium shares tank after Brucejack ramp up disappoints
Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.
Russia to invest $250 million in uranium exploration, production in Argentina
Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.
These are some of the top mining assets on the block
Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.
Alrosa inks long-term diamond supply deals with 67 clients
Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.
Zimbabwe mulls scrapping majority black ownership on diamond, platinum sectors
President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.