Canadian Mining Journal


  • Newmont exits Indonesia with US$1.3B asset sale

    July 6, 2016 by Canadian Mining Journal

    VANCOUVER — Newmont Mining (NYSE: NEM) indicated earlier this year that it was in talks to divest its Indonesian business unit to a consortium of local investors, and on June 30 it hammered out a US$1.3-billion deal with PT Amman Mineral Internasional

  • News

    BASE METALS: Nautilus upgrades 43-101 for CCZ resource

    July 4, 2016 by Canadian Mining Journal

    PACIFIC OCEAN – Toronto-based Nautilus Minerals has upgraded the 43-101 estimate for its Clarion-Clipperton zone project under the direction of its subsidiary, Tonga Offshore Mining Ltd. CCZ is a large deposit of polymetallic nodules in the tropical north Pacific at

  • News

    Kincora eyes massive land position in Mongolia’s South Gobi

    June 30, 2016 by Canadian Mining Journal

    VANCOUVER — Kincora Copper (TSXV: KCC; US-OTC: BZDLF) hopes that a renewed sense of political stability in Mongolia will reinvigorate investor interest, and it recently doubled down on the country with a deal that gives it one of the largest land positions

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    GOLD: Canadians own half of world’s 10 largest gold mines

    June 2, 2016 by Canadian Mining Journal

    The list of the world’s 10 largest gold mines is making the rounds. In 2015 they produced almost 10.6 million oz of the yellow metal or 329.6 tonnes of it (if imaging 330 tonnes of anything is possible). That was

  • Centerra to appeal environmental fines

    June 1, 2016 by Canadian Mining Journal

    Centerra Gold’s (TSX: CG) subsidiary has been ordered to pay US$98 million for environmental damages at the Kumtor gold mine, and faces another US$225 million in environmental fines, all of which the company intends to appeal. On May 25, the

  • Eldorado exits China with US$900-million in asset sales

    May 18, 2016 by Canadian Mining Journal

    VANCOUVER — It took roughly two years, but producer Eldorado Gold (TSX: ELD; NYSE: EGO) has finally divested all of its production and development assets in China. On May 16 the company announced the sale of its White Mountain and Tanjianshan mines, and

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    Erdene rises on Bayan Khundii gold discovery in Mongolia

    May 16, 2016 by Canadian Mining Journal

    VANCOUVER — Erdene Resource Development’s (TSX: ERD; US-OTC: ERDCF) interest in Mongolia dates back to the late 1990s, and so it has experienced the good and bad times in the oft-volatile country. The company’s dedication may be about to pay off, however, due to its wholly owned Bayan Khundii

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    Rio Tinto could be ready for a Turquoise Hill takeover, analysts say

    March 23, 2016 by Canadian Mining Journal

    VANCOUVER — It’s not a secret that many in the mining community are pretty bullish on copper’s long term prospects. There’s some disagreement over the timeline for recovery, but typical analyst models assume a supply deficit for the red metal

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    Lundin takes a US$262M shot at Freeport’s stake in Cukaru Peki

    March 9, 2016 by Canadian Mining Journal

    VANCOUVER — Mid-tier base metals producer Lundin Mining (TSX: LUN; US-OTC: LUNMF) has been hungry for copper over the past two years, and it’s hoping to have picked up a profitable red metal mine via the US$262-million deal for Freeport-McMoRan’s (TSX: FCX) stake

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    GOLD: Centerra, government accord near for Gatsuurt mine

    February 4, 2016 by Canadian Mining Journal

    MONGOLIA – Centerra Gold of Toronto and the Mongolian government are nearing an accord that will allow the development of the Gatsuurt gold mine to move a step closer. The state has expressed willingness to accept a 3% net smelter

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    COPPER-GOLD: Turquoise Hill secures $4.4B for Oyu Tolgoi

    December 15, 2015 by Canadian Mining Journal

    MONGOLIA – Vancouver-based Turquoise Hill Resources has arranged US$4.4 billion project finance facility for its Oyu Tolgoi copper-gold project in the South Gobi area. The funds will be provided by a syndicate that includes international financial institutions and export credit

  • News

    Reservoir Minerals teams up with Rio Tinto

    November 17, 2015 by Canadian Mining Journal

    For a junior company to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing