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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.

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

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.

Anglo-American perceived as "the most likely of the diversified mining majors to go bust" even if it "goes down fighting".

The new agreement replaces a previous three-year contract that would have seen Nautilus supplying 1.1 million tonnes of unrefined copper ore to Tongling Nonferrous Metals Group.

Mexican authorities say about 450 tonnes of material was released.