Australian conglomerate Wesfarmers Ltd said on Tuesday it made a bid to acquire rare earths miner Lynas Corporation Ltd for A$1.50 billion ($1.07 billion) in cash.Under the proposal, Lynas shareholders will receive A$2.25 per share, Wesfarmers said in a statement.($1 = 1.4069 Australian dollars)(By Aditya Soni; Editing by Matthew Lewis)Read More
"Inner Spirit's (@InnerSpiritCA) (#CSE: $ISH) Spiritleaf Receives Operating License to Open #Cannabis Retail Store in Kingston [https://t.co/72UjCxDwNG]#investing #stocks #stockmarket #trading #investors #news #business #investments #cannabisdaily #cannabiscommunity #potstocks"Read full newsRead More
"Arctic Star Exploration Corp. Commences Exploration Program at Diagras Property, Northwest Territories, Canada -- #ArcticStar $ADD $ADD.CA $ADD.V #Timantti @ArcticStarExpl #Finland #Diamond #Mining --Read the News Release here: https://t.co/lfikiZ0RZK"Read full newsRead More
"Desert Gold Discovers More Gold at its Farabantourou Project, Western Mali; Select Grab Samples Return Multiple >100 g/t Gold Values https://t.co/C6cDgc9JC3"Read full newsRead More
Gold Resource Corporation (NYSE:GORO)(the "Company") today announced it has begun the initial stages of gold processing by applying and circulating leach solution to ore loaded on the heap leach pad at the Isabella Pearl Project, within its Nevada Mining Unit, located in Mineral County, Nevada. Read full newsRead More
Telson Mining Corporation (TSXV:TSN, OTC:SOHFF) is pleased to report positive testing results for increasing the SAG Mill throughput processing rate by at least 15% by reducing the size of crushed mill feed.Read full newsRead More
"Pancon Acquires Ni-Cu-Co St. Laurent Project & Consolidates Its Battery & Energy Metals Strategy in Northern Ontario @PanconResources https://t.co/ZJErJbdo88"Read full newsRead More
Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine.World top copper miner Codelco said the $260 million contract with SNC-Lavalin had included engineering, supply and construc...Read More
Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM.Chilean authorities struck a deal in January 2018 with SQM that ended a long-running dispute over royalty payments and allowed the miner to boost production from Chile's Salar de...Read More
Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater.The London-listed company, crippled by soaring costs and subdued platinum prices, has been cutting spending to conserve cash and retain a positive balance sheet required by con...Read More
Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms.Cyclone Veronica has been weakening after battering Australia's northwest, while further east, Cyclone Trevor was downgraded to a low pressure system on Sunday.A state of eme...Read More
Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company's purchase of an increased stake.The end of Robert Mugabe's rule in 2017 after an army coup led to a rush of excitement that miners would flood in to develop the nation's mineral wealth.The end of Robert Mugabe's rule in 2017...Read More
US gold giant Newmont Mining (NYSE:NEM) has offered investors a one-time special dividend of 88 cents per share, if its $10 billion-friendly takeover of Goldcorp (TSX:G) (NYSE:GG) is approved, in an effort to stop a brewing shareholder revolt that could obstruct the deal with the Canadian gold miner.Some of Newmont's shareholders, including hedge fund giant Paulson & Co., have criticized the dea...Read More
CanAlaska Uranium (TSXV: CVV) agreed today to go ahead with the purchase of 100% of the past-producing Manibridge nickel mine in the Thompson Nickel Belt, Manitoba, central Canada.The mine is currently owned by Pure Nickel (TSXV: NIC). To acquire it, CanAlaska has to issue Pure Nickel 300,000 shares and 100,000 2-year warrants exercisable at $0.28/share, and pay $25,000.The Manibridge Mine claims,...Read More
Romios Gold Resources (TSXV: RG) announced that it has amended an agreement it signed with Crystal Lake Mining (TSXV: CLM) whereby Romios' Newmont Lake property has been optioned to CLM provided that the latter has funding in place to finance its commitment to spend $3 million on an agreed exploration program before September 20, 2019.In a press release, Romios explained that the Definitive Agreem...Read More
"Sirios Resources Inc. (TSXV:SOI) is a junior exploration company with five gold assets in James Bay, Quebec, Cheechoo which is adjacent to Goldcorp's Eleonore gold mine, being the most advanced project. https://t.co/uWJWAUUxR3 #SiriosResources #gold #investing"Read full newsRead More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
Brazilian mining giant Vale (NYSE:VALE) has been hit by a local court injunction that forces it to freeze operations at 13 of its tailings dams in the country.The world's biggest iron ore producer, which is expected to release its fourth-quarter figures on Wednesday, said the order will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on li...Read More
Australia's OceanaGold (ASX, TSX: OGC) has withdrawn from two exploration projects in Argentina in which spent about $4.5 million (C$6m) over the past two years as explorations results have not met the miner's expectations.Mirasol Resources (TSX-V:MRZ), the owner of La Curva and Claudia prospects in Argentina's Santa Cruz province, said that while results to date weren't what OceanaGold expected,...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More