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St Barbara completes A$355m raising for Atlantic Gold buy

By: Esmarie Iannucci     17th May 2019 ASX-listed gold miner St Barbara has completed A$355-million institutional entitlement offer to partly fund the acquisition of Canada’s Atlantic Gold Corporation. The 1-for-3.1 pro rata accelerated non-renounceable entitlement offer, which was priced at A$2.89 a share, formed the first stage of... 

Confidence and investment returning to British Columbia’s mining industry

By: Creamer Media Reporter      17th May 2019 The performance of British Columbia mining companies are mirroring the return of confidence to the global industry, with the mining sector of Canada’s westernmost province posting positive results for the second consecutive year. PricewaterhouseCooper (PwC) Canada’s ‘BC Mine’ report states that... 

Copper majors report sound performances

17th May 2019 Several large diversified miners dominate copper production in Zambia and account for a significant amount of copper production in the Copperbelt, which includes the Copperbelt province and the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira in particular, as well as the Democratic... 

Trump administration opens up Minnesota wilderness area to copper mining

By: Reuters     15th May 2019 The US Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's... 

BHP admits to ‘over-investing’ in Canada mine, but says Jansen remains attractive

By: Esmarie Iannucci     14th May 2019 Diversified miner BHP on Tuesday admitted to an overspend at the Jansen potash mine, in Canada, but CEO Andrew Mackenzie has argued that the project remains an attractive asset. The mining giant has already spent $2.7-billion on the potash project, east of Saskatoon, Saskatchwan, and will have... 

Rio Tinto partners with junior to explore Saskatchewan copper project

By: Creamer Media Reporter      13th May 2019 Diversified mining group Rio Tinto has been granted an option to acquire a majority interest in the Janice Lake copper project, in Canada’s Saskatchewan. Rio Tinto Exploration Canada (RTEC) has to commit to spending $3-million on exploration at the Janice Lake project over the next... 

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

By: Bloomberg     10th May 2019 Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in... 

SRR aims for record production in 2019

By: Tasneem Bulbulia     10th May 2019 Precious metals miner SSR Mining has delivered a strong production and financial performance in the March quarter, and is targeting record production for 2019, president and CEO Paul Benson said on Thursday. Benson indicated in a statement announcing the first-quarter results that the company... 

Blackstone raises cash for global exploration

By: Esmarie Iannucci     10th May 2019 ASX-listed junior Blackstone Minerals will raise A$2-million in a two-tranche placement to fund exploration at its metals projects in Vietnam, Canada and Western Australia. The first tranche of the share placement will consist of ten-million shares, priced at 5c each, to raise an initial A$500... 

Barrick excited about the DRC 

By: Martin Creamer     10th May 2019 Gold-mining company Barrick is excited about ongoing opportunities in the Democratic Republic of Congo (DRC), where it is making progress with the new mining code, Barrick president and CEO Dr Mark Bristow told Mining Weekly Online on Thursday. Bristow, whose Randgold Resources is now fully... 

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