Two of McEwen Mining’s top execs step down
McEwen Mining (TSX: MUX; NYSE: MUX) surprised markets on Friday by announcing that two of its top suite executives were leaving the company for personal reasons. Chief financial officer Anna…
Regulatory Issues
EPA deals fresh blow to PolyMet’s US$1B copper-nickel mine
The U.S. Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining’s (TSX: POM) plans to build an open pit copper-nickel mine in Minnesota, by recommending that the…
Chile constitution drafters reject mining-adverse proposal
Chile’s constitutional assembly has rejected a proposal from the environmental committee seeking to tighten up rules related to the protection of the country’s natural resources, which would have hit the…
Mexico passes mining reform nationalizing lithium
Mexico has officially nationalized its lithium industry after the Senate approved by 87 votes in favour, 20 against and 16 abstentions the mining reform proposed by President Andrés Manuel López…
Chile sues BHP, Albemarle, Antofagasta over water use
The Chilean government of President Gabriel Boric is suing mines operated by giants BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO) over alleged environmental damage caused in the northern Salar…
Kinross Gold sells Russian assets to Highland for US$680M
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after…
Centerra Gold hands Kumtor mine to Kyrgyzstan, ending dispute
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country’s government, ending an almost…
Chile environmental regulator files charges against Teck at Quebrada Blanca
Teck Resources (TSX: TECK.A | TECK.B) (NYSE: TECK), Canada’s largest diversified miner, is facing eight charges filed by Chile’s environmental regulator SMA, which claims the miner failed to comply with measures to avoid…
Colombia to open gold, coal assets up for bids
Colombia will begin taking offers in its first bidding round for gold and copper exploration contracts before the end of March, the government said this week, as part of ongoing…
First Quantum agrees to pay US$375M a year in royalties to Panama
First Quantum Minerals (TSX: FM) has reached a deal with Panama’s government to increase royalty payments at the giant Cobre Panama copper mine, the company’s flagship operation. The Canadian miner’s…
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…
Colombian regulator shelves AngloGold’s permit request for Quebradona
AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) said today that Colombia’s environmental regulator or ANLA, its initials in Spanish, had shelved the permit application for its Quebradona copper-gold project. …