All articles by EBR Staff Writer

EBR Staff Writer

Osisko Gold acquires Virginia Mines to create $1.2bn gold royalty company

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 starts resource drilling at Altan Nar project in Mongolia

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 halts plans to sell Nickel West business in Western Australia

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.

Bandanna Energy goes into voluntary administration

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.

Caterpillar reports writedown after China fraud scandal

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.

Paragon Diamonds extends Lemphane exploration licence in Lesotho

Paragon Diamonds has received a one year extension to its key Lemphane kimberlite exploration licence in Lesotho.

Chinese coal mine explosion kills 29 miners

A gas explosion at Xialiuchong coal mine in China has killed 29 miners.