Osisko Gold Royalties has signed an agreement to acquire Virginia Mines for C$479m ($424m) to create a C$1.3bn ($1.2bn) Montreal-based gold royalty company, which will hold royalty interests in two major gold mines in the province of Québec, Canada.
Erdene Resource Development has begun resource definition drilling programme at its wholly owned Altan Nar gold-polymetallic project in the Tien Shan Gold Belt of south-west Mongolia.
BHP Billiton has cancelled plans to sell its Nickel West business in Western Australia, as the company has failed to find a buyer willing to pay its price.
Exploration company Bandanna Energy has gone into voluntary administration following its failure to sign take or pay contracts for the proposed Springsure Creek coal mine in Queensland’s Bowen Basin.
Global construction and mining equipment major Caterpillar has reported a $580m writedown after it uncovered accounting misconduct at a Chinese company it purchased in 2012.
Give your business an edge with our leading industry insights.
Paragon Diamonds has received a one year extension to its key Lemphane kimberlite exploration licence in Lesotho.
A gas explosion at Xialiuchong coal mine in China has killed 29 miners.