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Falco Resources Closes $180 Million Silver Stream Transaction With Osisko to Advance Horne 5 Project
March 6, 2019
Falco Resources Ltd. has closed on the silver stream transaction with Osisko Gold Royalties Ltd. Osisko has agreed to commit up to $180 million through a silver stream toward the funding of the development of the Horne 5 Project. Falco
Army Corps of Engineers to Release Final Permit for Hudbay’s Rosemont Copper Mine, Arizona
March 5, 2019
The U.S. Army Corps of Engineers confirmed Monday that it intends to issue a crucial permit authorizing construction of the proposed Rosemont Mine in the Santa Rita Mountains southeast of Tucson. In addition, the U.S. Environmental Protection Agency’s regional office,
Bankruptcy Judge Approves Westmoreland Coal’s Kemmerer Mine Sale, Wyoming
March 5, 2019
A federal bankruptcy judge in Houston approved the sale of the Kemmerer mine, from bankrupt Westmoreland Coal Co. to Virginia businessman Tom Clarke, on Saturday. The company has since received approval to sell other assets, including the Colstrip mine in
Newmont Mining Rejects Barrick Gold’s $18 Billion Takeover Bid
March 5, 2019
US-based gold and copper producer Newmont Mining said that its board has rejected Canadian gold mining giant Barrick Gold’s $18 billion worth merger proposal citing that it is not in the best interests of the company’s shareholders. Instead, Newmont Mining
CCS Technology Proposed to Save New Mexico’s San Juan Generating Station from Closing
March 5, 2019
The New York-based hedge fund aiming to take over New Mexico’s San Juan Generating Station (SJGS), targeted for closure by state lawmakers, wants to refit the 46-year-old, coal-fired plant to use carbon capture and sequestration (CCS) technology. Acme Equities LLC
Westmoreland Coal Set to Emerge from Bankruptcy
March 5, 2019
One of the oldest coal companies in the U.S. said Monday it expects to emerge from bankruptcy in coming weeks after a judge approved a plan that will keep its mines running in Montana, New Mexico and several other states
Pennsylvania Artist Sue Hand Wins National Award for Mining Artwork
March 5, 2019
Sue Hand, who continues to blaze trails in bringing local history to life in her art, has won a national award. Hand has been named winner of the Cherry Hunter Award of the American Mining History Association. Hand won for
Train Strikes Truck Carrying Fuel to Barrick’s Cortez Mine, Nevada
March 5, 2019
A truck carrying about 4,000 gallons of diesel fuel to Barrick’s Cortez mine was struck by a train Saturday morning when it failed to clear the tracks in time, according to the Nevada Highway Patrol. The crash at about 6:30
House Approves Updates to Idaho Mining Law
March 4, 2019
Legislation rewriting portions of Idaho’s mining law has passed the House despite concerns from several lawmakers that it could leave taxpayers with cleanup bills if a company declares bankruptcy. The House voted 59-11 on Thursday to send to the Senate
Caterpillar’s Tucson Mining Center Nears Completion
March 4, 2019
Caterpillar’s Tucson Mining Center is almost ready to welcome about 400 employees to its new headquarters. Employees are expected to move from their temporary work locations to the new $50 million, 150-000-square-foot facility at Cushing Street and Avenida del Convento
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