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By: Reuters Updated 36 minutes ago The Democratic Republic of Congo’s (DRC's) focus on maximising short-term tax revenues risks squandering long-term mining prospects, the chief executive of one of its largest mining investors warned on Wednesday. Speaking at a mining conference in Kinshasa, Mark Bristow, the CEO of gold miner... →
By: Creamer Media Reporter Updated 49 minutes ago Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: A R50-million virtual reality centre is set to revolutionise mine design. Rockwell Diamonds reports that costs are down, revenue is up, and... →
By: Henry Lazenby 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 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 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 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 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... →