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M&A

Global mining M&A rebounds, but Canada takes the cake

Canadian Malartic gold mine, Quebec The three months ended June 30 saw global mergers and acquisitions (M&A) activity rebound from disappointing lows in the first quarter, but Canada was host to the most significant gold deals by a large margin, professional services firm KPMG said....
17th September 2014
 
DIAMONDS

Lucara awarded prospecting licences near Karowe

Vancouver-headquartered Lucara Diamond Corp has been granted two exploration licences in the Orapa kimberlite field in Botswana, in close proximity to its Karowe diamond mine, which it opened in 2012. Both prospecting licence areas host known...
16th September 2014
 
PEOPLE

Barrick Gold appoints Davies lawyer Thomson to help with strategy

Barrick Gold Corp has appointed well-known Canadian lawyer and long-time Barrick advisor Kevin Thomson to help with its strategy, the latest appointment by executive chairperson John Thornton in a wide-ranging executive overhaul. Thomson, a...
16th September 2014
 
COPPER/GOLD

Oyu Tolgoi concentrate thickener rake arms fail again

Turquoise Hill Resources, a subsidiary of diversified major Rio Tinto, on Tuesday reported that the rake arms in one of the two tailings thickeners at the Oyu Tolgoi copper/gold mine  had failed again. Having started production during last year,...
10th September 2014
 
COAL

Global coal glut prompts coal miners to chant ‘cut, cut, cut’

In the face of stubbornly low coal prices and a global supply glut, struggling North American coal producers are grappling with stalled demand growth and increasingly strict environmental regulations, while simultaneously navigating congested...
6th September 2014
 
Mining Services

Company’s gold extraction capabilities showcased

GOLD EXTRACTION CAPABILITY
FLSmidth’s supply includes two 20-m-diameter thickeners and two 20-m-diameter thickeners – one pre-leach and one tailings – with a bolted tank design 
Global manufacturer and equipment supplier FLSmidth’s capabilities in the gold extraction arena will be showcased with the supply of equipment to Vancouver-based gold producer B2Gold’s Otjikoto gold project in Namibia. FLSmidth is the only...
5th September 2014
 
M&A

Integra shares rally on buying Quebec’s Sigma-Lamaque mill, mine

The TSX-listed stock of Canadian gold and diamond explorer Integra Gold on Monday rallied after it announced that it would buy the Sigma-Lamaque milling and mining complex, next to its Lamaque project in Val-d'Or, Quebec. The junior’s shares...
4th September 2014
 
GOLD

Goldcorp expects to hit lower range of 2014 output guidance

Canadian gold producer Goldcorp on Thursday reported that production stoppages at two of its operations this year would push its expected output down into the lower range of its full-year guidance. Goldcorp on Tuesday suspended mining operations...
4th September 2014
 
RENEWABLE ENERGY

Goldcorp reducing costs by embracing renewable energy

Over the past 18 months, Goldcorp, based in Vancouver, has built the organisational infrastructure to manage its energy demands far more efficiently, explained corporate energy manager Flyn McCarthy. He discussed how Goldcorp measured energy...
29th August 2014
 
EXPLORATION

Endeavour Silver continues to follow Terronera high-grade vein

TSX- and NYSE-listed Endeavour Silver on Wednesday announced that exploration drilling continued to intersect high-grade silver/gold mineralisation in the Terronera vein system at the San Sebastián project, in Jalisco state, Mexico. The...
27th August 2014
 
PEOPLE

Barrick scraps corporate development team – sources

Outgoing Barrick CEO Jamie Sokalsky Barrick Gold is eliminating its corporate development team and more cuts are in the works as the world's top gold miner looks to reduce costs, three sources familiar with the situation said on Tuesday. The sources, who asked not to be named as...
26th August 2014
 
IRON-ORE

Alderon stock trends lower after changing financing strategy

The TSX-listed stock of direct shipping iron-ore project developer Alderon Iron Ore on Thursday traded lower after the company announced late on Wednesday that lead debt financing arranger BNP Paribas had terminated its involvement, allowing the...
21st August 2014
 
 
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