The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

Canada’s Ultra-Deep Mining Network (UDMN) continues to make strides in solving the challenges that impact resource extraction in ultra-deep (below 2.5km) environments launching new Call for Proposals and Network Members share the stage highlighting their innovative solutions and commercially viable products.

3D laser Mapping, global providers of 3D mapping and monitoring solutions have moved their UK headquarters to new offices, keeping up with the continual expansion of the company.

Lars Engström has been appointed President of Sandvik Mining. He will be included as a new member of Sandvik’s Group Executive Management.

Chief executive Nelson Pizarro said output will, however, remain untouched.

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

an Ball brings us Abitibi Royalty Search, an online platform where mining companies in need of financing can easily submit geological data on their projects for consideration.

This morning, the company announced it has picked up three large exploration projects in the Golden Triangle region of northwestern British Columbia.

Ultimately the widespread selling is evidence of investors’ revulsion for a sector that has struggled with falling prices for four years and has demonstrated no clear schedule for a recovery.