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August 2016

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Kinross Gold suspends operations at Maricunga gold mine in Chile 26 August 2016 Canadian firm Kinross Gold has stopped operations at its Maricunga gold mine in Chile, and will cut 300 jobs following a judicial decision that upheld a regulatory authority’s move to close...

Report: Peru’s precious metal mining industry to benefit from strong project pipeline 26 August 2016 Gold and silver mine production in Peru is projected to increase to 5.7 million ounces (Moz) and 181.1Moz respectively by 2020, due to the start of key projects such as the Shahuindo and...

Osisko Mining reports drilling results from Québec's Windfall Lake gold project 26 August 2016 Osisko Mining has announced results from the drilling programme at its Windfall Lake gold project in Urban Township of Québec, Canada....

M&As this week: BRS Ventures, Indus Energy 26 August 2016 BRS Ventures has reached a deal with First Mining Finance to acquire a 100% interest in Minera Terra Plata in exchange for six million post-split shares....

Deals this week: Anfield Gold, Sheffield Resources, Brixton Metals, Sandfire Resources 26 August 2016 Anfield Gold has announced a private placement of 22.22 million shares priced at C$1.35 ($1.05) each to raise C$30m...

Wesdome Gold Mines announces underground drill results of Kiena Mine Complex in Canada 25 August 2016 Wesdome Gold Mines has announced early underground drill results from the exploration programme taken up at its Kiena Mine Complex located near Val d'Or, Quebec,...

Buxton Resources and Independence Group to form nickel joint venture 25 August 2016 Australia-based Buxton Resources and Independence Group (IGO) have signed an agreement to form a joint venture (JV) in relation with nickel tenements located in western Australia’s Fraser...

Pacific Ridge Exploration buys Poker Brown gold-silver project in US 25 August 2016 Canada-based mineral exploration company Pacific Ridge Exploration has acquired an option to earn complete interest in the Poker Brown gold-silver project, located near Reno in Pershing...

Timmins Gold extends San Francisco mine life in Mexico until 2023 24 August 2016 Timmins Gold has extended the San Francisco gold mine life in Sonora State, Mexico, up to 2023 after completing a new Canadian National Instrument 43-101-compliant technical...

Evolution to purchase stake in Glencore's Ernest Henry Mine 24 August 2016 Evolution Mining has signed an agreement to acquire a stake in Glencore's Ernest Henry Mine (EHM) in Australia in a A$880m ($671.9m) deal....

Rusoro Mining awarded $1.2bn in damages over Venezuela lawsuit 24 August 2016 Rusoro Mining has been awarded more than $1.2bn in damages after an arbitration tribunal for the additional facility rules of the World Bank's International Centre for the Settlement of...

CuDeco delivers first shipment of sulphide copper concentrates from Rocklands operations 23 August 2016 Australian copper producer CuDeco has delivered the first shipment of sulphide copper concentrates from its Rocklands Operations near Cloncurry to the Port of Townsville....

West Australia releases new guidelines for mine ventilation 23 August 2016 The West Australian Department of Mines and Petroleum has released a draft code of practice for ventilation at mining operations and is seeking public comments....

Ashanti Gold to earn 65% interest in Alecto's Kassanto gold project in Mali 23 August 2016 Canadian firm Ashanti Gold has signed a letter of intent (LoI) with Alecto Minerals to earn a 65% interest in the Kassanto gold project in western Mali....

Mantle to recommence production at Morning Star gold mine in Australia 22 August 2016 Mantle Mining is getting closer to restarting production at Morning Star gold mine in Victoria, Australia, after completing an internal review of its project portfolio....

Stellar and Octea Mining agree to combine diamond mines in Sierra Leone 22 August 2016 Stellar Diamonds has signed an agreement to combine its Tongo kimberlite diamond project with Octea Mining's similar site in Tonguma....

Condor gets environmental permit for Ocros project in Peru 22 August 2016 Condor Resources has been granted Declaración de Impacto Ambiental (DIA) from the Peruvian Ministry of Energy and Mines for the Ocros project in Ancash, Peru....

Deals this week: Novelis, Lowell Copper, Gold Resource Corporation 19 August 2016 Novelis has announced that it has raised $525m through a private placement of senior unsecured...

Report: Philippines' nickel reserves account for 3.8% of global total 19 August 2016 Nickel reserves in the Philippines have been estimated at 3.1Mt, representing approximately 3.8% of the global total, according to a Timetric report....

Lonmin gains $50m funding for Bulk Tailings Treatment project 19 August 2016 South African platinum miner Lonmin has secured funding of $50m for the Bulk Tailings Treatment (BTT) project....

Caterpillar to sell mining equipment lines 19 August 2016 US-based Caterpillar has announced plans to sell its equipment range for underground mines and job cuts in an effort to focus on products with greater growth potential....