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Zijin Mining Completes $245 Million Aquisition of Pan American Silver’s La Arena Mine, Peru
December 10, 2024
Jinteng Mining, a subsidiary of Zijin Mining Group, took over as new owner of Pan American Silver‘s La Arena open-pit mine in Peru. The story of the acquisition started in May, and only received approval from Investment Canada in Ottawa
Allied Gold Secures $175 Million Streaming Agreement to Advance Kurmuk Project, Ethiopia
December 9, 2024
Allied Gold Corporation has entered into final documentation for a streaming transaction with Wheaton Precious Metals (WPMI). Allied will receive an aggregate $175 million upfront cash payment to support the funding of its growth strategy underpinned by the development of
Northern Star Resources to Acquire De Grey Mining in $3.2 Billion Deal
December 5, 2024
Northern Star Resources has agreed to acquire rival Australian gold miner De Grey Mining in a deal valuing the latter at around $3.25 billion (A$5 billion). The merger of both Australian Securities Exchange (ASX)-listed gold producers will create a combined
McEwen Copper Secures Environmental Permit for Construction, Operation of Los Azules Mine, Argentina
December 5, 2024
McEwen Coppe, a subsidiary of McEwen Mining, has received the approval of the environmental impact assessment (EIA) for its Los Azules Copper Project. The environmental impact statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting
Silvercorp Metals Releases Plan to Develop Condor Gold Project as Underground Mine, Ecuador
December 5, 2024
Silvercorp Metals has released its plans to develop the Condor gold project, located in southern Ecuador. A preliminary economic assessment (PEA) was completed on the project by a previous operator, which outlined a high tonnage, low-grade, open pit gold project.
Norway Postpones Deep-sea Mining, for Now
December 2, 2024
A small left wing environmentalist political party in Norway succeeded on Sunday in blocking plans to mine the sea bed at the bottom of the Arctic, by demanding the government scrap its first licensing round in return for support for
Peabody to Acquire Anglo American’s Australian Coal Assets for $3.8 Billion
November 25, 2024
Peabody has agreed to acquire world-class steelmaking coal assets from Anglo American in a transaction that accelerates Peabody’s strategy to reweight its global coal portfolio toward seaborne metallurgical coal. The transaction is expected to close mid-2025, subject to customary closing
Australia Protest Forces Ship to Abort Arrival of Coal at Port of Newcastle, 170 Arrested
November 25, 2024
A climate change protest off the coast of Australia’s New South Wales State forced an inbound ship to turn back from the country’s largest terminal for coal exports on Sunday, the port operator said. New South Wales police said 170
Resolute Mining Executives Held in Mali Freed After $160 Million Deal to Settle Tax Dispute
November 22, 2024
Three British mining executives who had been detained by the government of Mali have been released and are “safe and well”, days after agreeing to pay $160 million to settle a tax dispute. Resolute Mining, an Australian company, said on
Aura Minerals to Acquire Bluestone Resources for $74.3 Million
November 19, 2024
Bluestone Resources and Aura Minerals have entered into a definitive arrangement agreement where Aura will acquire all of the issued and outstanding common shares of Bluestone. Aura will be acquiring a 100 percent interest in Bluestone’s Cerro Blanco gold project
