Australian developer Wyloo to take up 22.5% of Noront shares
Noront Resources (TSXV: NOT) says it welcomes the investment in the company by Australian explorer and developer Wyloo Metals Pty Ltd. “We are delighted that Wyloo Metals has chosen to…
Copper
Political turmoil in Peru could slow major infrastructure works
The sudden removal of a popular president amidst the coronavirus pandemic plunged Peru into chaos last month. On Nov. 9, Peru’s single-chamber Congress voted to impeach President Martín Vizcarra amid…
Foran tables initial resource for Bigstone copper deposit in Saskatchewan
Developer Foran Mining (TSXV: FOM) has tabled an initial resource estimate for its wholly owned Bigstone deposit on the 161-sq.-km Bigstone property, 25 km to the west of its flagship…
OceanaGold soars on Philippine’s move to reopen Didipio
OceanaGold (TSX: OGC; ASX: OGC) closed 32% higher on the Australian Stock Exchange on Dec. 7 after announcing that the Philippine government is moving forward to finalize a long-delayed renewal…
Glencore chooses coal head Gary Nagle as new CEO
Mining and commodities trader Glencore (LSE: GLEN) said today that Gary Nagle, the head of its coal division, would replace Ivan Glasenberg as the company’s top boss early next year. Glasenberg, who has…
Unigold extends mineralisation at Neita concession in the Dominican Republic
Unigold (TSXV: UGD; US-OTC: UGDIF) has reported drill results from its exploration program at the Candelones Extension deposit, part of the company’s 100% owned Neita Concession in the Dominican Republic, 220…
Serengeti, Sun Metals merger to create BC-focused copper-gold developer
B.C.-focused juniors Serengeti Resources (TSXV: SIR) and Sun Metals (TSXV: SUNM) plan to combine to create a “premier Canadian multi-asset copper-gold developer.” The merger will bring together the companies’ adjacent…
SolGold delays Alpala prefeasibility study again
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) said today it won’t be able to complete the prefeasibility study for its Alpala copper-gold project this year as planned. The Australian miner had already…
Mongolia, Turquoise Hill force Rio Tinto into Oyu Tolgoi cost review
The Government of Mongolia and representatives of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) have set up a special board committee to conduct an independent review into the cost overruns and…
Newcrest bets big on Greatland’s Havieron gold-copper project
It has also inked a farm-in and JV agreement with Greatland to access the latter’s Black Hills and Paterson Range East exploration licenses in the Paterson region of Western Australia.
Copper Mountain updates mine plan with mill expansion
Copper Mountain Mining (TSX: CMMC) has announced an updated life-of-mine plan, completed at a pre-feasibility study level, for its 75%-owned Copper Mountain mine in southern B.C. The latest report incorporates…
US fund threatens Rio Tinto with legal action over Oyu Tolgoi finances
Pentwater Capital has joined ongoing spat over over how to finance the underground copper project in Mongolia, with “oppression” order warning.