Canadian Zinc Expands Prairie Creek Project

Canadian Zinc Corp. has reported preliminary results from a feasibility study of its underground Prairie Creek zinc-lead-silver project in the Northwest Territories, Canada. The feasibility study expands on a preliminary feasibility study (PFS) completed in 2016 and confirms that the Prairie Creek project can support a significant increase in the mining rate and mill throughput, enabling production of higher quantities of zinc, lead and silver at lower operating costs than those presented in the PFS.

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Rocanville Expansion Creates World’s Largest Potash Mine

PotashCorp has completed an expansion at its Rocanville potash mine in southeast Saskatchewan, more than doubling nameplate capacity from 3 million metric tons per year (mt/y) to 6.5 million mt/y and creating the world’s largest potash mine. The $3 billion project included the first new mine shaft built in Saskatchewan since 1979, a new mill, a new 500,000-mt storage facility, new rail and rail loadout equipment, and conversion of the existing service shaft, used for people and materials, to a second production shaft, for bringing ore out of the mine.

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Implats Acquiring 15% Interest in Waterberg Project

Impala Platinum (Implats) has entered into definitive agreements with Platinum Group Metals Ltd. (PTM), Japan Oil, Gas and Metals National Corp. (JOGMEC), and Mnombo Wethu Consultants to acquire a 15% interest in the Waterberg platinum group metals (PGM) development project, with an option to acquire majority ownership following completion of a definitive feasibility study (DFS). Located on the northern limb of South Africa’s Bushveld complex, Waterberg hosts a large-scale PGM resource with an attractive risk profile given its shallow nature, which will facilitate fully mechanized production.

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Argonaut Acquires Cerro del Gallo Project in Mexico

Argonaut Gold has reached an agreement with Primero Mining Corp. to obtain the Cerro del Gallo (CDG) project through the purchase of all the shares of Primero’s subsidiary San Anton Resource Corp. for $15 million in cash, which is payable upon closing. Argonaut expects to be able to recover approximately $1.7 million of value-added tax, which reduces the total purchase price to $13.3 million. The company expects the transaction to close on or before November 30.

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