Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Options for assistance to mining companies struggling with low commodity prices could include deferrals on payment of power bills and delayed payments on mineral taxes, Bennett said in an interview. There are real potential consequences if the province can’t offer any help.
“There’s urgency to this,” Bennett said. “If we don’t find something to do that will help in early January, then by mid-January I think you’re going to see some mining companies go down.