Golden Star Receives Environmental, Social Responsibility Award

Golden Star Resources will receive the 2018 Environmental and Social Responsibility Award from the Prospectors and Developers Association of Canada (PDAC). Selected by the association’s board of directors, this award recognizes an organization that demonstrates outstanding initiative, leadership, and accomplishment in establishing and maintaining good relations with local communities and in protecting and preserving the natural environment during an exploration program or operation of a mine.

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Suncor Lowers Capital Spending, Increases Production

Suncor released its 2018 corporate guidance this week that includes a capital program of between C$4.5 billion and C$5 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year-over-year production increase of more than 10% and a capital spending reduction of approximately C$750 million.

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FLSmidth Purchase of Sandvik Mining Systems Almost Complete

The previously announced acquisition of the Sandvik Mining Systems projects business by FLSmidth has now concluded except for the transfer of assets in South Africa, which is awaiting merger control clearance. The acquisition includes continuous surface mining and minerals handling technologies and competences that strengthen the group’s core minerals business.

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