Orion to sell A$593m Capstone stake

Three Orion funds are set to divest an 8.3% stake in Capstone Copper through a secondary offering, with an anticipated value of A$592.8-million. The deal involves a strategic block trade agreement... 

Uranium explorer Toro demerges nickel, gold projects

Uranium development and exploration company Toro Energy on Monday announced the planned demerger of noncore nickel, gold and base metals projects in Western Australia. The demerger announcement... 

Westgold and Karora merge to create A$2.2bn Australian gold miner

Australia’s Westgold Resources on Monday announced its acquisition of Toronto-listed Karora Resources in a deal valued at about A$1.23-billion. The acquisition, structured as a cash-and-stock... 

Baatar appointed Rio Tinto COO to spearhead global business development

Multinational mining giant Rio Tinto has announced the appointment of Bold Baatar as its COO, tasked with spearheading the group's commercial and business development endeavors worldwide. Baatar's... 

Review backs NAL ramp-up plan

The detailed review of the North American Lithium (NAL) operation has concluded that joint venture (JV) partners Sayona Mining and Piedmont Lithium must continue ramping up the operation, in... 

Alamos closes Ordford acquisition

Intermediate gold producer Alamos Gold has completed the previously announced acquisition of TSX-V-listed Ordford Mining. The Ontario Superior Court of Justice granted the final order on April 2... 

Develop flags potential minority stake sale at Woodlawn

The Woodlawn production restart study has returned “exceptional metrics” for the copper and zinc mine, located about 250 km from Sydney. Energy transition metals company Develop Global has... 

Winsome’s diamond mine bid may advance pathway to lithium production

Australia-listed explorer Winsome Resources on Thursday unveiled an exclusive option agreement to acquire the assets of the idled Renard mine, in Quebec, in a move that may accelerate its path to... 

Long-awaited McPhillamys to cost A$1bn, says Regis Resources

The long-awaited McPhillamys project, in New South Wales, would require about A$1-billion before it produced its first gold, owner Regis Resources said on Wednesday. In a definitive feasibility... 

Gold Fields warns of lower first-quarter production

JSE- and NYSE-listed Gold Fields on Tuesday cautioned of lower first-quarter production, citing operational challenges at the South Deep mine, in South Africa, and weather-related events in... 

Gold Fields’ new Chile mine delivers its first gold

The new Salares Norte mine, in Chile, has produced its first gold, Johannesburg- and New York-listed Gold Fields reported on Tuesday. The new mine, which is key to the company achieving its gold... 

Gruyere on path to recovery amid rain setback

Operations at the Gruyere joint venture (JV), in Western Australia’s north-eastern Goldfields, will start resuming during the first week of April, midtier miner Gold Road Resources reported on... 

Glencore boosts investment in Stillwater Critical Minerals

Global commodities trader Glencore is investing a further C$2.1-million into Stillwater Critical Minerals, providing financial support for the continued exploration of the company’s North American... 

Chvaletice manganese gets ESIA nod

The Czech Environment Ministry has approved the environmental and social impact assessment (ESIA) for the Chvaletice manganese project, TSX- and ASX-listed Euro Manganese reported on Wednesday.... 

Karora shifts merger focus after ending talks with Ramelius

Karora Resources, a Western Australia-focused mining company listed on the TSX, announced on Wednesday that it has concluded discussions with Ramelius Resources and that it is now exploring... 

Former Teck CEO joins BHP board as Cockerill exits

Global mining powerhouse BHP on Thursday announced that Don Lindsay, the former CEO of Teck Resources, would join its board on May 1 as a nonexecutive director. With a 17-year tenure at the helm... 

Alamos buys rival Argonaut

Canadian miner Alamos Gold has announced its acquisition of smaller rival Argonaut in an all-stock deal valued at $325-million. The move is poised to create a gold miner with a combined long-term... 

First Majestic starts bullion sales from First Mint

Silver and gold miner First Majestic has announced the start of bullion sales from its fully-owned and -operated minting facility, in Nevada, US. First Mint vertically integrates a manufacturing... 

European Metals flags potential improvements in delayed DFS

Dual-listed European Metals has delayed the publication of a definitive feasibility study (DFS) for the Cinovec lithium project, in Czech Republic. However, chairperson Keith Coughlan expressed... 

$50m Michigan grant for Highland’s Copperwood project

The Michigan state government has granted Vancouver-based Highland Copper a performance-based grant totalling $50-million for its Copperwood project. This follows an evaluation of the project’s... 

29Metals halts operations at Capricorn

Operations at the Capricorn copper mine, in Queensland, will be suspended and the headcount of the mine will be significantly reduced, ASX-listed 29Metals said on Tuesday. The decision comes as a... 

Many Peaks acquires advanced Cote d’Ivoire projects

Mineral exploration company Many Peaks on Tuesday revealed an agreement to acquire exploration assets belonging to Turaco Gold in Cote d’Ivoire. The announcement triggered a surge in the junior’s... 

Glencore assesses cyclone damage at McArthur River mine

After enduring the impact of a cyclone that brought unprecedented rainfall, commodities major Glencore is now initiating the process of restoring its McArthur River zinc and lead mine, in... 

FireFly secures port access on Green Bay’s doorstep

Australia-based FireFly Metals has signed a port access agreement for concentrate from its Green Bay copper and gold project, in Newfoundland, Canada. The ASX-listed company, which on Tuesday also... 

Ivanhoe Electric secures 60% stake in Côte d'Ivoire nickel/copper project

US-based Ivanhoe Electric has completed its earn-in agreement, now holding a 60% interest in the Samapleu-Grata nickel and copper project in Côte d'Ivoire, having spent the required C$25-million by... 

Taseko once again owns 100% of Gibraltar mine

Toronto-listed Taseko Mines has struck a deal to buy the remaining 12.5% interest in the Gibraltar openpit copper mine, in British Columbia. Under the agreement, announced on Monday, Taseko will... 

FBM to acquire Miriam lithium project, appoints Power as chair

Perth-based Future Battery Metals (FBM) on Monday announced a strategic acquisition that consolidates its landholding near its flagship Kangaroo Hills lithium project in the Eastern Goldfields of... 

ERA reaffirms it has no development plans for Jabiluka site

Energy Resources Australia (ERA), a subsidiary of Rio Tinto, has reaffirmed that it has no plans to develop the globally significant uranium body at Jabiluka, in Northern Territory. The company... 

MinRes farm-in sends junior Lord Resources’ stock soaring

The share price of ASX-listed exploration junior Lord Resources skyrocketed on Wednesday, as the company announced a farm-in agreement on the Horse Rocks lithium project with Mineral Resources... 

Larvotto announces $8m funding for Hillgrove

ASX-listed Larvotto Resources has signed a nonbinding term sheet for $8-million financing to develop the Hillgrove antimony and gold mine, in New South Wales. A funding package from Wogen... 

PRM makes unsolicited bid for Sierra Rutile

Mineral sands miner Sierra Rutile on Wednesday advised shareholders not to take any action regarding an unsolicited takeover bid worth A$40-million from investment group PRM Services. The company... 

Piedmont Lithium appoints new board member

North America-focused Piedmont Lithium has appointed Dawne Hickton to its board of directors,  the ASX-listed company reported on Tuesday. Hickton is an accomplished leader in the aerospace, energy... 

Sandfire announces $200m credit line

Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa... 

Thiess to acquire PYBAR for A$65m

Mining services company Thiess on Monday announced a transaction with Metarock Group to acquire its Australia-based underground metals business, PYBAR Holdings. PYBAR will join the Thiess Group... 

South32 suspends operations at Groote Eylandt

Operations at Groote Eylandt Mining Company (Gemco) have been suspended because of a tropical cyclone in the Northern Territory, diversified miner South32 reported on Monday. The severe weather... 

Barrick tackling Pueblo Viejo ‘teething problems’

Gold and copper miner Barrick has experienced “teething problems” at its flagship Dominican Republic growth project, CEO Mark Bristow said on Friday, but added that the Pueblo Viejo expansion... 

Cherry succeeds Sayer as Perpetua CEO

Perpetua Resources, the company behind the Stibnite gold project in the US, has a new CEO. Mining veteran Jon Cherry has been appointed president and CEO, succeeding Laurel Sayer, who notified the... 

Black Cat replaces funding package for Paulsens restart

Gold company Black Cat Syndicated has replaced its A$60-million funding package to advance its vision of being a dominant player in three gold districts, the ASX-listed company announced on... 

South Africa’s IDC approves loan for Tanzania graphite project

Tanzanian graphite developer Black Rock Mining has successfully secured the necessary debt facilities required to advance its Mahenge, with a new senior term loan from South Africa’s Industrial... 

South32 exits coal with Australia’s Illawarra sale

Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that...