Investing
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Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in 2021. The ratings agency projects “cumulative contraction” over the first…
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SOFTWARE: AI-powered Prospector platform to facilitate mining investment
FLORIDA – The newly launched Prospector platform uses technology to increase access to information and capital for the mining industry. Its software-as-a-service (SaaS) platform utilizes artificial intelligence (AI) to streamline publicly available technical information. Founded by Emily King, a geologist…
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SURVEY: Canada no longer top mining investment destination, Fraser Institute says
CALGARY – For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute’s top 10 investment destinations based on the 2019 annual survey of mining and exploration companies. Saskatchewan continues to be the most attractive…
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REGULATIONS: New B.C. Mines Minister updates on mining modernization
Newly appointed B.C. Mines Minister Bruce Ralston says all 25 of the province’s Mining Jobs Task Force recommendations, intended both to speed up the permitting process and to strengthen oversight of the mining industry, will be implemented by the end of…
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M&A will continue in 2020, Dorsey & Whitney says
Nora Pincus, a partner at the international law firm Dorsey & Whitney, believes that the significant mergers and acquisition (M&A) activity in the metals and mining space in 2019 will continue into 2020. The Northern Miner reached Pincus in Salt Lake City,…
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GOLD: BHP increases stake in SolGold
ECUADOR – BHP Billiton is spending US$22 million to boost its stake in Australian junior SolGold to 14.7% from 11.1%, making it one of the two largest shareholders in the Ecuador-focused company. Newcrest Mining owns about 14.8%. BHP is acquiring 77 million shares…
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GOLD: Coeur Mining invests in Integra Resources
VANCOUVER – Coeur Mining is investing $6.6 million to acquire 5.76 million common shares of Integra Resources at $1.15 per share. The private placement includes an agreement that will give Coeur participation rights to maintain its pro rata share ownership interest for two…
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Changes in financial markets trouble mining industry
Analysts at CPM have studied the precious metals and commodities markets – including investment trends in mining equities – since the 1970s. This long and intimate involvement gives us insight into the transformations that clearly now are wracking the buy…
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LITHIUM: China’s Yibin Tianyi takes strategic investment in AVZ Minerals
DEMOCRATIC REPUBLIC OF CONGO – China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to increase its ownership by 5% to 65% in the Manono lithium…
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GOLD: Eric Sprott invests $15M in Gran Colombia
TORONTO – Gran Colombia Gold says Eric Sprott will invest $15 million in the company that has two producing mines in Colombia. The company will issue approximately 3.3 million units at a price of $4.60 per unit. The price represents…
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GOLD: Newmont ups Sirios stake to 19.9%
QUEBEC – Newmont Goldcorp, based in Denver, has raised its stake in Montreal’s Sirios Resources to 19.9% from 15.9% with the purchase of approximately 5.4 million units at $0.20 per unit for a total of roughly $1.1 million. The purchase…
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Funds demand more tailings transparency
Less than a week after the Jan. 25 tailings dam collapse at Vale’s Feijao iron ore mine in Brazil that killed 251 people and left 19 missing, the Church of England Pensions Board, along with Sweden’s Public Pension Funds Council,…
