Category: Leading Developments

BHP Selling Cerro Colorado Copper Mine

BHP has entered into an agreement to sell the Cerro Colorado copper mine in Chile to private equity manager EMR Capital for a total cash consideration of $230 million, plus approximately $40 million in proceeds from the...

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Osisko Commits $180M to Falco Horne 5 Project

Falco Resources Ltd. announced a financing transaction with Osisko Gold Royalties Ltd. where Osisko has agreed to commit $180 million through a silver stream toward the funding of the development of Falco’s Horne 5 Project....

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Dugald River Achieves Commercial Production

MMG Ltd.’s Dugald River zinc operation in Queensland, Australia, achieved commercial production on May 1, according to the company. Executive General Manager Operations, Africa, Australia and Asia Mark Davis said the ramp up of...

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Threat of Sanctions Puts Rusal in a Bind

The Trump Administration amended its proposed Russia sanctions, granting a possible reprieve for UC Rusal, which found itself being ostracized by the market in April. Rusal’s owner, the En+ Group, was facing a possible delisting...

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Finland Tops Fraser’s 2017 Mining Survey

The Fraser Institute’s annual survey of mining companies, published on February 22, ranked Finland as the top jurisdiction in the world for mining investment in 2017 based on the survey’s Investment Attractiveness Index. Finland...

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Production Resumes at Cadia

Newcrest Mining recommenced processing at its Cadia operations at the beginning of April with the associated tailings being deposited into the southern tailings facility. Processing is currently at a run rate of approximately 8...

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