West Red Lake grabs Madsen mine by buying Pure Gold
West Red Lake Gold Mines will pay C$6.5m in cash, issue 28.46m common shares, and grant a 1% net smelter royalty on the Madsen project.
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Teck attracts interest from Vale, Anglo American and Freeport
The three global miners are among at least six companies that have reportedly approached Teck on transactions post-split.
Europe’s biggest reactor caps 14-year delay to begin commercial output
Olkiluoto-3 is the first new atomic reactor in the Nordic countries since the mid-1980s.
Coal phase-out not happening fast enough to avoid rising global temperatures — study
A recent study shows that the use of coal power is not decreasing fast enough to avoid a temperature rise higher than 2 degrees Celsius by 2100 as established in the Paris Agreement.
Discussions on Mexico’s mining law overhaul to begin on Monday
The Environment and Natural Resources Commission is expected to submit the draft opinion of the reform for discussion on Monday.
Venezuelan military destroys illegal mining operation in the Amazon
The Venezuelan military destroyed what they call a “logistic system” of illegal mining in the Yapacana national park.
G-7 nears fossil fuel phase-out deal without coal exit deadline
The Group of Seven fell short of sealing a deal on a timeline to exit coal.
Germany retires nuclear plants in hopes of greener pastures
Germany ends its tumultuous six-decade reliance on nuclear energy.
Teck takes another hit as Glass Lewis recommends ‘no’ vote
Teck Resources took another blow in its defense against Glencore Plc.