Iamgold picks former New Gold boss Adams as new CEO
Iamgold (TSX: IMG; NYSE: IAG) has appointed Renaud Adams as its new president and chief executive officer, effective Apr. 3. Adams replaces board chair Maryse Belanger, who was acting as…
Articles by Cecilia Jamasmie
First Quantum losing US$8M a day on Cobre Panama halt
First Quantum Minerals (TSX: FM) says it’s experiencing losses of up to US$8 million a day due to the suspension of ore processing and port loading affecting its giant copper…
Tesla lobbying to secure lithium from Chile — report
Tesla executives met last month with Chilean authorities, including the ministers of foreign affairs and mining, as well as representatives for the country’s development agency Corfo, as the electric cars…
SQM earmarks US$3.4B in spending by 2025 as profits soar
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, said on Thursday it had earmarked US$3.4 billion of new capital spending by 2025 to boost its production capacity to 210,000 tonnes…
BHP seeks to tighten grip on South America’s copper sector
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world’s largest miner, is mulling expanding its investments in Argentina’s copper sector, where it already has a presence through its 5% stake…
Armenia approves restart of Amulsar gold mine
The government of Armenia has inked a US$250-million deal with Lydian Armenia, the company who owns the licence to operate the vast Amulsar gold mine, effectively allowing the resumption of…
Australia’s Recharge Industries grabs failed startup Britishvolt
Australia’s Recharge Industries, which is building a lithium ion cell factory at home, has acquired the proprietary technology developed by Britishvolt, a failed U.K. company. The startup collapsed early this year after struggling…
Jindalee claims McDermitt project is the US largest lithium deposit
Australia’s Jindalee Resources (ASX: JRL) says it has the largest lithium deposit in the United States after updating the resource for its McDermitt project to 21.5-million tonnes of lithium carbonate…
Eldorado says gold production to grow 55% in five years with Skouries restart
Eldorado Gold (TSX: ELD; NYSE: EGO) expects production to significantly increase over the next five years thanks to the addition of the Skouries gold-copper mine in northern Greece. The company’s…
Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…
Anglo American takes US$1.7B writedown on British fertilizer mine
Anglo American (LSE: AAL) said Thursday it would take a US$1.7-billion charge due to higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North…
First Quantum halts copper processing in Panama as dispute spirals
First Quantum Minerals (TSX: FM) said on Thursday it had halted ore processing operations at its giant Cobre Panama copper mine, in the latest escalation of a dispute with the…