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Zijin, the mystery miner buying Guyana Goldfields

14 June 2020 - 01:00
China’s Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals’ (TSX, NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at C$323 million ($238m).

Appia to drill at world’s 2nd richest rare earth prospect

14 June 2020 - 00:58
About 80-85% of North America’s rare earths supply currently comes from China, a situation that is becoming untenable, given the US-China trade war tensions and coronavirus pandemic.

B2Gold doubles quarterly dividend

14 June 2020 - 00:56
The board of directors of B2Gold (TSX: BTO) on Friday approved a cash dividend for the second quarter of $0.02 per share, up from its previous quarterly dividend of $0.01 per share.

Forex at 20-Month High in Tehran Market

14 June 2020 - 00:31
Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in Tehran’s open market.

Zirconium, titanium, rare earths refining technology funded by Korea

10 June 2020 - 02:47
Australian Strategic Materials announced that its Korean partner, Zirconium Technology Corporation, was awarded $4.5 million in grants by the Korean government to be used in the development of the companies’ joint venture.

Gold price back above $1,700 as 2020 ETF inflows surpass any calendar year

10 June 2020 - 02:46
The gold price jumped by almost $30 an ounce on Thursday clearing the $1,700 an ounce level as retail and institutional investors continue to pile into the metal seen as a safe haven in times of turmoil.

Kincora stock soars on new Trundle drill results

10 June 2020 - 02:42
Kincora Copper (TSXV: KCC) on Tuesday released more positive results from its ongoing drill campaign at the Trundle copper-gold porphyry project in New South Wales, Australia.

Zijin takes control of Tibet copper miner for $548m

10 June 2020 - 02:34
China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet.

World’s fourth biggest diamond mine cuts output, processing

21 May 2020 - 21:49
Angola’s Sociedade Mineira de Catoca, which operate the namesake diamond mine in the sub-Saharan Africa’s country, has reduced mining and processing operations as demand remains weak due to the global covid-19 pandemic.

Altamira Gold receives new environmental permit to advance Cajueiro project in Brazil

21 May 2020 - 21:42
Altamira Gold (TSXV: ALTA) received a second environmental permit required for the trial mining licenses with respect to claim 866.070/2004 for its advanced Cajueiro gold project in Brazil.
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