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By: Henry Lazenby Updated 3 hours ago The province of British Columbia had this week introduced its much-anticipated legislation for a new two-tier tax on net income from liquefied natural gas (LNG) facilities. The legislation, which was originally announced in the provincial budget in February, introduced a two-tier income tax that... →
By: Henry Lazenby Updated 5 hours ago The TSX-listed stock of Brazil-focused fertiliser producer MBAC Fertilizer on Wednesday jumped by as much as 157%, or C$0.11, after the struggling company reported that it had signed final agreements with its senior lenders to extend the maturity of its loans and defer related interest and... →
By: Henry Lazenby Updated 5 hours ago Prospective seafloor miner Nautilus Minerals had satisfied one of the conditions precedent to releasing $113-million, which project partner the Papua New Guinea (PNG) government had paid into escrow in May, representing the balance of the State’s 15% share of capital required to complete the... →
By: Henry Lazenby Updated 6 hours ago The Quebec government had formed a partnership with mining companies Champion Iron and Lac Otelnuk Mining to undertake a feasibility study on building a multi-user railway linking the port of Sept-Îles with the Labrador Trough, a 1 600 km-long geological belt rich in iron-ore deposits. The... →
By: Henry Lazenby Updated 7 hours ago Southern Africa-focused miner Lucara Diamond Corp this week reported that exceptional stone tenders had this year accounted for $136-million, reflecting a strong diamond market and robust demand for large precious gems from the company’s flagship Karowe mine, in Botswana. The TSX- and... →
By: Henry Lazenby TSX-V-listed Fortress Minerals had agreed to buy the stalled Fruta del Norte (FDN) gold/silver project, in Ecuador, for $240-million in cash and scrip from TSX- and NYSE-listed Kinross Gold. Kinross last year booked a $720-million charge related to the discontinued FDN. Kinross shelved the... →
By: Leandi Kolver LSE-listed Nordgold on Wednesday reported a 11% year-on-year, and 2% quarter-on-quarter increase in production for the three months ended September 30, to 270 600 gold equivalent ounces. The company also noted that, for the nine months ended September 30, production had reached 746 900 oz, a 13%... →
By: Leandi Kolver The prefeasibility study (PFS) for TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg Joint Venture (JV) project on the northern limb of the Bushveld Complex is on track, with completion targeted for the second quarter of next year, PTM said on Wednesday. The company noted that an... →