Following shareholder approval, Toronto-headquartered Barrick Gold has completed its name change to Barrick Mining Corporation and Société minière Barrick in French. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier-1 gold mines, we are building a substantial copper business which will be a meaningful…
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Pan American Silver to buy MAG Silver in $2.1 billion deal
Pan American Silver has entered into a definitive agreement to acquire all of the issued and outstanding common shares of fellow Canadian miner MAG Silver for $2.1 billion. MAG is a tier-one primary silver mining company through its 44% joint venture interest in the Juanicipio mine in Zacatecas, Mexico, operated by Fresnillo, who holds the remaining 56% interest. “Our acquisition…
Read MoreDiavik recognized for environmental excellence
Rio Tinto’s Diavik diamond mine has been awarded the Towards Sustainable Mining (TSM) Environmental Excellence Award for its solar power plant – the largest off-grid solar installation in Canada’s territories. “This recognition reflects our commitment to environmental responsibility and collaboration with our partners,” Chief Operating Officer of Diavik Diamond Mine Matthew Breen said. “This project demonstrates the potential for large-scale…
Read MoreWhite House prioritizes Perpetua gold project
Perpetua Resources said the Stibnite gold project in Idaho has been selected as a Transparency Project in response to President Donald Trump’s recent executive order (see page 4) aimed at strengthening American mineral production. As one of just 10 initial U.S. projects selected by the National Energy Dominance Council for placement on the Federal Permitting Improvement Steering Council dashboard, the…
Read MoreMetso inaugurates advanced Dewatering Development Hub
In April, Metso officially opened its strategically located Dewatering Development Hub in Irapuato, Mexico. The new facility represents a significant enhancement to Metso’s competitive positioning and customer service capabilities. “Our new hub in Mexico … strengthens our commitment to innovation and excellence and to providing tailored solutions that drive success and sustainability in our customers’ operations,” said Giuseppe Campanelli, president,…
Read MoreConstruction begins at ESGold’s flagship project
ESGold has commenced on-site construction and assembly at its Montauban gold-silver project in Quebec, Canada, moving the company into the execution phase of its near-term production strategy. The initial construction and mobilization stage is expected to last approximately one month, after which ESGold will immediately advance into the next phase of mill circuit installation and commissioning. “This is the moment…
Read MoreCat’s Umpleby to become executive chairman; Creed elected CEO
After eight years as CEO and nearly 45 years of service, Caterpillar Chairman and CEO James Umpleby III will become executive chairman of the board, effective May 1. Chief Operating Officer Joseph E. Creed, a 28-year Caterpillar veteran, will succeed him. After assuming the role of CEO on Jan. 1, 2017, Umpleby led the development and execution of a new…
Read MoreCleveland-Cliffs to layoff nearly 600 on Iron Range
Ohio-based Cleveland-Cliffs plans to lay off 597 workers at two of its mines on the Iron Range in Minnesota – Minorca in Virginia and Hibbing Taconite in Hibbing, reported Minnesota Public Radio. The layoffs are a result of the steelmaker’s plans to idle Minorca and partially idle HibTac. The “temporary idles are necessary to rebalance working capital needs and consume…
Read MoreWhite House fast-tracks mining projects
The Trump administration has added 10 more U.S. mining projects to a fast-track permitting list aimed at expanding critical minerals production across the country, reported Reuters. The latest addition brings the total number of projects to 20. The projects, which would supply copper, palladium and other minerals, have been granted FAST-41 status, a federal initiative launched in 2015 to streamline…
Read MoreArtemis Gold enters commercial production
Canadian miner Artemis Gold has achieved commercial production at the Blackwater open-pit mine in central British Columbia – only three months from commencement of milling operations. “We will soon turn our attention to the potential acceleration of the proposed Phase 2 expansion, which is anticipated to increase Blackwater’s average annual production to over 500,000 equivalent gold ounces per year, firmly…
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