B2Gold to buy Sabina Gold & Silver for $1.1B
Canada’s B2Gold (TSX: BTO; NYSE: BTG) is buying fellow precious metals miner Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) in an all-stock deal worth $1.1 billion (US$824 million). The…
Articles by Cecilia Jamasmie
Talks with First Quantum making headway, Panama says
Panama’s government said negotiations with First Quantum Minerals (TSX: FM) about agreeing on a contract for the company’s Cobre Panama copper complex have shown signs of progress this week. Comments…
Torex Gold picks up the pace on Media Luna build
Torex Gold (TSX: TXG) plans to invest between US$390 million and US$440 million in its flagship Media Luna gold project in Mexico this year to speed up development, with commercial production anticipated in…
Trafigura faces US$577M loss on alleged nickel fraud
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were…
Fancy colour diamond prices up 3.9% in 2022
Average prices for fancy coloured diamonds of any size climbed by 3.9% in 2022, led by yellows and pinks, the Fancy Color Research Foundation (FCRF), a non-profit that promotes transparency and…
Glencore reopens Peru copper mine with extra security
Antapaccay, one of Peru’s largest mines,on Jan. 31 with “increased security” after some of the protests waned.
NioCorp’s rare earth demo plant in Quebec delivers ‘outstanding’ results
Rare earth miner NioCorp Developments (TSX: NB; US-OTC: NIOBF) said it had succeeded in producing a high-purity mixed concentrate of the sought-after elements from its demonstration plant in Canada. The…
LBMA implements optical AI technology to trace gold bars’ provenance
The London Bullion Market Association (LBMA) announced that it has added optical AI developer Alitheon to the pool of five companies that support the Gold Bar Integrity (GBI) initiative. The…
MMG shuts Las Bambas copper mine amid Peru protests
China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second largest producing nation of the metal, on care and maintenance due to ongoing…
Tombador Iron halts Brazil mine due to unrest
Australia’s Tombador Iron (ASX: TI1) has temporarily halted production at its flagship iron ore mine in Brazil, as an ongoing blockade in the state of Bahia is disrupting logistics. Unrest…
Searchers find Rio Tinto’s radioactive capsule lost in Australia
An Australian emergency services search team has found a tiny, but potentially deadly radioactive capsule belonging to Rio Tinto (ASX, LSE: RIO) on the side of a highway in the…
GM, Lithium Americas to jointly develop Thacker Pass mine in Nevada
Shares of Lithium Americas (TSX: LAC; NYSE: LAC) soared on Tuesday morning after it announced that General Motors (NYSE: GM) will invest $650 million in the company to help it…