Fifteen months ago, Pembridge Resources (LON: PERE) agreed to acquire Capstone Mining's (TSX: CS) Minto mine in the Yukon for US$37.5 million in cash and a 9.9% equity stake in its company.But the U.K.-based company couldn't come up with the money to seal the deal, so Capstone put the copper-gold-silver mine, 240 km north of Whitehorse, on care and maintenance.This week, a new agreement was reache...Read More
LONDON, UNITED KINGDOM - The following is an edited excerpt of Lucara Diamond (TSX: LUC; US-OTC: LUCRF) president and CEO Eira Thomas interviewed by Dean MacPherson, head of business development for global mining at TMX Group, at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019.Thomas discusses the big picture for mining companies today, includin...Read More
LONDON, UNITED KINGDOM - The following is a transcript of SolGold (TSX: SOLG; LON: SOLG) CEO Nicholas Mather's remarks at The Northern Miner's Canadian Mining Symposium at Canada House in London, U.K., as he accepted in person his Northern Miner "Mining Person of the Year" Award for 2018, first announced in March 2019.__________________Thank you to The Northern Miner and Her Excellency, the High C...Read More
Solutions will be implemented to solve long-standing environmental issues associated with waste dumps left behind at the Anaconda copper mine site after the company of the same name shut down operations in 1978 and following Arimetco's takeover and abandonment of the site in 1999.This is according to Quaterra Resources (TSXV: QTA), a Canadian miner that owns the 51-square-mile Yerington copper pro...Read More
Billionaire Beny Steinmetz's mining company sought bankruptcy protection in the U.S., two months after losing a $2 billion arbitration award to Brazilian mining giant Vale SA.The court filing by BSG Resources Ltd. on Monday could stymie Vale's effort to enforce the award, which stems from an ill-fated joint venture with BSGR at the Simandou iron ore mine in Guinea. The government stripped their ve...Read More
Capstone Mining Corp. (TSX: CS) announced Tuesday it has entered into an agreement to sell its 100% interest in the Minto copper mine to Pembridge Resources PLC (LON:PERE). Capstone has reportedly been working on a sale as early as February 2018.Located about 240km north Whitehorse in Canada's Yukon territory, the Minto mine is currently on care and maintenance. At the time of its suspension in Oc...Read More
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VANCOUVER, June 4, 2019 /CNW/ - Pasha Brands Ltd. (Read full newsRead More
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Australian mine developer Clean Teq said on Tuesday it was looking to sell a stake in its nickel, cobalt and scandium project in central New South Wales, as it seeks a cornerstone partner to help fund development.The company has tasked Macquarie Capital to run a process to find a partner to buy up to 50% in the Sunrise Battery Materials Complex, in combination with long-term offtake, it said in a...Read More