Lucara bets on diamond market recovery, plans mine expansion

The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.

Cecilia Jamasmie | November 29, 2019 | 3:54 am

Canadian town of Asbestos, in Quebec, seeks new name

Former mining town asks residents to submit suggestions.

Cecilia Jamasmie | November 28, 2019 | 9:45 am

Oz Minerals to kick off construction at $35 million mine in Brazil after series of Vale deals

Pedra Branca underground mine is expected to have an annual production of about 18,000 tonnes of copper and 11,000 ounces of gold over an eight-year mine life.

Cecilia Jamasmie | November 28, 2019 | 3:53 am

Anglo American sells stake in Australian coal mine for $141m

A 12% interest in the Grosvenor coking coal mine is being acquired by a consortium of Japanese companies.

Cecilia Jamasmie | November 27, 2019 | 6:57 am

Aurania finds evidence of highly sought-after lost gold city in Ecuador

Company geologists found vestiges of an old road in the central part of its Lost Cities-Cutucu project.

Cecilia Jamasmie | November 27, 2019 | 3:49 am

Mongolia says Rio’s Oyu Tolgoi mine expansion to go ahead

The miner feared the government would try to completely renegotiate the agreements underpinning the asset's development.

Cecilia Jamasmie | November 26, 2019 | 9:04 am

Lynas close to securing funding for rare earths plant in the US

Details about how it will fund the development of a heavy rare earths processing facility in Texas is expected to come by the end of February.

Cecilia Jamasmie | November 26, 2019 | 3:07 am

BHP becomes Ecuador-focused SolGold’s largest shareholder

Australia's largest gold producer Newcrest Mining was, until now, SolGold’s largest shareholder.

Cecilia Jamasmie | November 25, 2019 | 8:43 am

Avesoro Resources shareholders granted more time to decide on takeover

Investors now have until Dec. 3, by 5pm ET, to cast their vote.

Cecilia Jamasmie | November 25, 2019 | 6:25 am

Kirkland Lake buying Detour Gold in stock deal worth $3.7 billion

The Toronto-based miner is offering 0.4343 shares to Detour's shareholders for each share held — a premium of 23.8% to Friday's closing price.

Cecilia Jamasmie | November 25, 2019 | 5:36 am

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