Category: Leading Developments

Nutrien Emerges From Agrium, PotashCorp Merger

Agrium and Potash Corp. of Saskatchewan (PotashCorp) have completed their merger of equals, creating Nutrien Ltd., the world’s largest provider of agricultural crop inputs and services. Plans for the merger were announced in...

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Nevada Copper Finds Financing for Pumpkin Hollow

Nevada Copper Corp. said it has entered into arrangements for a $378 million construction financing and recapitalization package, which will provide a clear pathway toward first production in 2019 from its Pumpkin Hollow Copper...

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Vedanta Building Out India, Zambia Copper Facilities

Vedanta Resources has announced it will double copper production capacity at its Tuticorin copper smelter in southern India from 400,000 metric tons per year (mt/y) to 800,000 mt/y and that Konkola Copper Mines (KCM) in Zambia...

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Agnico Eagle Purchases Exploration Assets

Agnico Eagle Mines Ltd. has agreed to acquire all of the Canadian exploration assets of Canadian Malartic Corp. (CMC), including the Kirkland Lake and Hammond Reef Gold projects. CMC is a corporation 50/50 owned and operated by...

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Kinross Acquires More Reserves Near Fort Knox

Kinross Gold has gained mineral rights to a 287-hectare (709-acre) parcel of land known as Gilmore located immediately west of its Fort Knox mine in Alaska. As a result, the company added 2.1 million gold ounces (oz) in...

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First Quantum Buys Into Pebble Project

First Quantum Minerals Ltd. announced it has entered into a framework agreement with Northern Dynasty Minerals Ltd. where a subsidiary would make a payment of US$37.5 million to Northern Dynasty to progress the permitting of the...

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Fekola Achieves Commercial Production

B2Gold Corp.’s Fekola mine in Mali achieved commercial production on November 30, one month ahead of the revised schedule and four months ahead of the schedule announced in the Optimized Feasibility Study (OFS). Ramp up to...

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MMG Reports First Production From Dugald River

The first finished zinc concentrate left MMG Ltd.’s Dugald River mine on November 8. The milestone was celebrated during the official site opening attended by MMG Chairman Guo Wenqing and CEO Jerry Jiao, and many other...

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New Gold Sells Peak Mines

New Gold has entered into a binding agreement with Aurelia Metals Ltd. to sell the Peak Mines, located in Cobar, New South Wales, Australia, for $58 million. “Peak has generated significant value for New Gold and predecessor...

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Eldorado Gold Places Skouries on Care and Maintenance

Eldorado Gold Corp.’s Skouries development project has been moved into care and maintenance. According to the company, while dialogue has continued with Greece’s Ministry of Energy and Environment (MoE) regarding the development...

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Centerra Purchases AuRico Metals

Centerra Gold announced it will purchase all the common shares of AuRico Metals for C$1.80 per share in cash, representing an aggregate transaction value of C$310 million. The purchase price represents a 38% premium to the...

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Copper Mountain to Acquire Altona

Copper Mountain Mining Corp. (CMMC) plans to acquire Altona in a transaction valued at approximately A$93 million. Altona’s key asset is the undeveloped open-pit Cloncurry copper project in Queensland, Australia, which has a...

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