Industry News
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Hudson restructures debt to restart anorthosite mine
Hudson restructures debt to restart anorthosite mine Hudson Resources (TSXV: HUD) has signed definitive agreements with its existing lenders, Cordiant Capital Inc. and Romeo Fund, to restructure the outstanding debt on the White Mountain anorthosite mine in Greenland and to provide an inj...Read more -
Premier Gold Mines considering US spin-out
Premier Gold Mines considering US spin-out Premier Gold Mines (TSX: PG) is currently evaluating asset reorganization options to maximize the value of its property portfolio, which potentially include spinning out to its shareholders the company’s US subsidiary that holds its Nevada assets...Read more -
OceanaGold gets permit for WKP in New Zealand
OceanaGold gets permit for WKP in New Zealand OceanaGold (TSX: OGC) announced on Thursday it has received the mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the mineral resource. The miner purchased the Newmont/Glass Earth interest at WKP –...Read more -
Codelco to restart projects beginning next week
Codelco to restart projects beginning next week Chile’s state-run miner Codelco, the world’s largest copper producer, said on Thursday it would restart operations and projects it had suspended due to the coronavirus pandemic, beginning next week. The miner had been forced to delay several...Read more -
PNG halts Ok Tedi copper mine over covid-19 cases
PNG halts Ok Tedi copper mine over covid-19 cases Papua New Guinea has halted operations at its massive Ok Tedi copper and gold mine for at least 14 days after seven workers tested positive for covid-19 and the country faces a surge in infections, with local authorities saying they could ...Read more -
Teranga’s Wahgnion exceeds planned production by 25%
Teranga’s Wahgnion exceeds planned production by 25% Teranga Gold (TSX: TGZ) has provided an updated life of mine (LOM) plan and issued new 2020 guidance for its Wahgnion gold operation in Burkina Faso as a result of the mine achieving higher than planned production. Since commercial prod...Read more -
Teck’s Chile expansion delayed by up to six months
Teck’s Chile expansion delayed by up to six months Teck Resources, (TSX:TECK.A | TECK.B) (NYSE: TECK) Canada’s largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six month due to covid-19 disruptions. Delivering results for t...Read more -
Zaldivar mine workers extend talks to avoid strike
Zaldivar mine workers extend talks to avoid strike One of the world’s largest copper producers, Chilean miner Antofagasta, and workers at its Zaldivar mine decided to extend government-mediated talks for a new union contract and avoid a strike, a union source said on Wednesday night. The ...Read more -
Freeport CEO says no change of plans despite copper price rally
Freeport CEO says no change of plans despite copper price rally Shares in US copper giant Freeport McMoRan (NYSE:FCX) declined by as much as 2.3% in New York trading on Thursday after the company released results that disappointed markets despite a swing to profit. The company announced n...Read more -
Teranga Gold’s Senegal mine a ‘top tier’ asset, study confirms
Teranga Gold’s Senegal mine a ‘top tier’ asset, study confirms Canada’s Teranga Gold (TSX:TGZ) has released results from a prefeasibility study (PFS) for its Sabodala-Massawa complex in Senegal, which it would confirm the asset is “top tier mine” material, the company says. The Toronto-ba...Read more -
Gold price hits record high as US dollar sinks
Gold price hits record high as US dollar sinks Gold continued its upward climb on Monday and made history by touching record prices as worries over the coronavirus pandemic and intensifying US-China tensions weighed on investor sentiment. Spot gold surged 2.0% to $1,936.81 per ounce by 3:...Read more -
Rio Tinto’s Winu copper project just got bigger
Rio Tinto’s Winu copper project just got bigger Rio Tinto (ASX, LON, NYSE: RIO) said on Tuesday it had made a “promising” discovery 2 km (1.2 miles) east of its Winu copper-gold project in Western Australia, which is on track to begin production in 2023. The world’s no. 2 miner also revea...Read more
