Finance & business

Derrick Corp. has announced the appointment of Sam Palombo as Vice President, Mining & Industrial division.

The Saudi Minister of Industry and Mineral Resources has approved the implementation of a new mining investment law, following its approval by the Council of Ministers last June.

Sandvik has signed an agreement to acquire DSI Underground, a global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunnelling industries.

Canada Nickel Company Inc. has announced that the company has signed a memorandum of understanding with Taykwa Tagamou Nation.

Rio Tinto has appointed Jakob Stausholm as Chief Executive, effective 1 January 2021.

Trident Royalties Plc has announced that its wholly-owned subsidiary TRR Services UK Ltd has entered into a binding, conditional agreement with Bellatrix Ltd, a wholly-owned subsidiary of Orion Resource Partners to acquire a portfolio of three existing royalties over the Pukaqaqa Copper Project through the acquisition of two of the Royalties and the acquisition of Tiomin Peru S.A.C, a Peruvian company which owns the third.

Endeavour Silver Corp. has announced that it has signed a binding letter agreement to sell its El Cubo Mine and related assets to VanGold Mining Corp. for US$15 million in cash and share payments plus additional contingent payments.

Baru Gold Corp. has announced the recent appointment of Fatchil Amal as Mine Manager/Kepala Teknik Tambang (Mine Technical Manager).

Trident Royalties Plc has provided a technical update for the Warrawoona Royalty over exploration licence E45/3381, which forms part of the broader Warrawoona Gold Project, owned and operated by ASX-listed Calidus Resources Limited.

IronRidge Resources Ltd has announced that it has now completed the acquisition with Major Star SA (MSSA) to acquire 100% of the Bodite and Bianouan gold licenses.

Metso Outotec has been awarded a landmark contract by PJSC MMC Norilsk Nickel to modernise one of the company’s two existing smelting lines at their Nadezhda Metallurgical Plant in Norilsk, Russia.

Freeport-McMoRan Inc. has announced that it has completed a sale of its interests in the Kisanfu undeveloped project to a wholly owned subsidiary of China Molybdenum Co. Ltd for $550 million.

Cyient has announced that it had signed a memorandum of understanding (MoU) with Decipher to support Decipher with the global rollout of their cloud mining platform for tailings and rehabilitation monitoring.

Ariana Resources plc has announced the publication of its circular to shareholders concerning the agreements reached with Özaltin Insaat, Ticaret and Sanayi A.S. and with Proccea Construction Co.

Saudi Arabian Mining Company (Ma’aden) has become the first Saudi company to successfully attain the ISO 37001:2016 Anti-Bribery Management System certification.