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GOLD-COPPER: Equinox to spin out copper assets as Solaris Copper
VANCOUVER – Equinox Gold Corp. has plans to transfer all its copper assets to a newly incorporated company named Solaris Copper. The new company will continue to advance the copper projects that belong to Equinox. These include the exploration stage…
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Iamgold makes headway in West Africa
It’s been a big year in West Africa for Iamgold (TSX: IMG; NYSE: AIG). The company kicked off 2018 with high grade assay results from its Siribaya gold project in Mali and completed a prefeasibility study on its Boto gold project in…
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IRON ORE: BHP finds $2.9B for South Flank project
AUSTRALIA – Last week the board of BHP Billiton approved an expenditure of US$2.9 billion for the South Flank iron ore project in the Central Pilbara region of Western Australia. BHP’s contribution reflects 85% of the project cost, which totals…
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GOLD: Wallbridge completes Fenelon underground rehabilitation
QUEBEC – Toronto-based Wallbridge Mining Co. has completed the rehabilitation of the existing underground development at its Fenelon gold project 75 km northwest of Matagami. Now the company has begun ramp development and underground diamond drilling in preparation for taking…
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COBALT: Vale streams Voisey’s Bay cobalt for $700M
NEWFOUNDLAND – What Bloomberg reported last week – that Vale SA has reached a deal to sell future cobalt production from the Voisey’s Bay nickel-copper mine 35 km south of Nain – Vale confirmed today, June 11. The upfront deal…
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COPPER: CITIC picks up 20% stake in Ivanhoe
BEIJING – Ivanhoe Mines of Vancouver and CITIC Metal has signed a long term strategic co-operation agreement that will give CITIC a 19.9% stake in Ivanhoe. CITIC becomes Ivanhoe’s largest investor, leaving chairman Robert Friedland with a 17% stake. The…
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GOLD: Goldcorp signs Borden IBA with three First Nations
ONTARIO – Vancouver-based Goldcorp has reached a milestone for its Borden all-electric underground gold mine near Chapleau with the signing of an impact benefit agreement with three First Nations – Brunswick House, Chapleau Cree and Chapleau Ojibwe. Goldcorp now has…
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LIGHTING: Doosan introduces new light towers with longest runtime
STATESVILLE, N.C. – Doosan Portable Power has expanded its product line of portable light towers with the addition of the LCV6 and LCV8 models. Both the LCV6 and LCV8 light towers feature a small body design and vertical mast that…
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‘We’re building a mine’: Nevada Copper targets 2019 initial production at Pumpkin Hollow
Pumpkin Hollow will be the next copper mine built in North America, Matt Gili, Nevada Copper’s (TSX: NCU) new president and CEO, tells The Northern Miner in one of his first media interviews on the job. Gili, a mining engineer who joined the…
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LITHIUM: Nemaska rounds up $1B for Whabouchi
QUEBEC – Nemaska Lithium of Quebec City has raised $1.18 billion with which to finance the construction, commissioning, working capital and reserve funds for the Whabouchi lithium mine and the Shawinigan electrochemical plant, as well as general working capital. The…
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ROYALTIES: Maverix expands portfolio with acquisition from Newmont
VANCOUVER – Maverix Metals is tripling its royalty portfolio with the acquisition of 54 additional royalties from Newmont Mining Corp. Maverix will issue 60 million common shares and 10 million share purchase warrants to Newmont. The deal will be topped…
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LEADERSHIP: Business calls for Ontario resources strategy
TIMMINS, Ont. – Earlier this week, representatives from Indigenous business, mining, mineral exploration, forestry, local government and others issued a call for the Ontario government to develop a provincial natural resource strategy with specific actions. The need to develop such…
