Barrick and PNG reach deal over Porgera mine
Agreement ends a year-long standoff over the gold mine’s ownership and outlines plans to restart operations.
Regulatory Issues
Vale sells New Caledonia nickel assets to Trafigura
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity…
Kaz Minerals bidders up takeover bid to $5.5 billion
A consortium led by Kaz’s chairman Oleg Novachuk has raised its offer for the miner by 9%.
NGOs criticize LBMA’s gold sourcing program
Advocacy groups said the London Bullion Market Association is failing to ensure that only responsibly-sourced, conflict-free gold is traded worldwide.
Trilogy, South32 partner with Alaska to fund critical mine road
Ambler Metals, a joint venture between Canada’s Trilogy Metals (TSX, NYSE: TMQ) and Australia’s South32 (ASX: S32; LSE: S32), has inked a development funding agreement with the Alaska Industrial Development and Export…
Investors, regulators looking at board diversity beyond gender
Canadian public companies will have a year to get in line with new, tougher board gender diversity guidelines from leading proxy advisory firms or face a withhold vote against the…
Eldorado Gold inks revised investment contract with Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) has inked an amended investment agreement with the Greek government covering the miner’s operations in the north of the country. The new contract between Eldorado’s…
Norilsk Nickel fined nearly US$2 billion for massive fuel spill in the Arctic
Samarco hit with almost $1B lawsuit
The beleagured Sarmaco joint-venture in Brazil between BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Vale (NYSE: VALE) has been hit with an almost US$1 billion lawsuit from noteholders who…
Major reforms proposed in Yukon mineral development strategy report
Developing new mining legislation, creating a water use tax and completing the Yukon’s six outstanding land use plans in the next five years are among the substantial list of recommendations…
Industry, investors divided on proposed Ontario capital market reforms
Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario’s capital markets modernization taskforce. The taskforce, set up in February…
MAC says fed review of Teck’s Castle project ‘political in nature’
Canada’s national association for miners, the Mining Association of Canada (MAC), is weighing in on the federal government’s decision to review Teck Resources’ (TSX: TECK.B; NYSE: TECK) proposed Castle Mountain…