Iamgold arranges $300 million financing to restore stake in Côté mine

Don Lindsay will join the BHP board as a non-executive director on May 1.

Ramelius had been looking at a potential acquisition of the Canada-based mine operator.

In 2023, Ottawa tightened foreign investment rules for the critical minerals sector, a year after forcing Chinese investors to sell their stakes in three Toronto-listed lithium firms.

The transaction, scheduled to close in July, is expected to create $515 million in cost-savings over about two decades of production.

Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.

Nominees are distinguished by their leadership and achievements, having made significant contributions to Canada’s prominence in the global mining industry.

The company has struggled with construction cost overruns at its Rochester, New York, battery processing facility.

Eldorado expects its production profile to swell about 45% over the next four years to 703,250 oz. gold per year, CEO George Burns says.

Star Diamond now owns 100% of the project in central Saskatchewan.