Finance & business

Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth.

A combination of the diversified product mix supporting revenue, continuous production process improvement and commitment to keeping costs low resulted in improved reported profitability.

Northern Vertex Mining Corp reports the company’s financial results for the third fiscal quarter of 2019, ended 31 March 2019.

Hallamshire Engineering Services, a manufacturer of materials handling equipment, has reported increasing demand for specialist wear resistant coatings.

Agnico Eagle Mines Ltd achieved commercial production at its Meliadine mine on 14 May 2019.

Avino Silver & Gold Mines Ltd has reported its AGM results and has announced the appointment of a new director to its Board.

Teck has announced a share buyback increase to CAN$1 billion and a redemption of US$600 million principal amount of notes.

Champion Iron Limited’s subsidiary Québec Iron Ore Inc. (QIO) has concluded an agreement in principal with la Caisse de dépôt et placement du Québec (CDPQ) for a preferred share offering of CAN$185 million to fund strategic initiatives and to refinance QIO’s current outstanding credit facilities.

Sibanye Stillwater has announced that it has received the necessary approvals needed from Lonmin Plc shareholders regarding its all-share offer to acquire Lonmin.

Gold Fields Limited has announced the successful buyback of US$250 million of the outstanding 2020 notes at 102% of par as compared with a premium of 101.73% of par at the close of business on Friday 24 May 2019.

Comstock Mining Inc. has announced an update on the completion of the sale of its Lucerne properties. Tonogold Resources, Inc. has accelerated paying the non-refundable, US$3.5 million stock-based component of the purchase price.

New JV company Orway IQ will deliver remote optimisation consulting for the global mining industry as part of government project funding.

Barkerville Gold Mines has appointed a new Vice President of Operations.

Lundin will sell its cobalt refinery in Kokkola and related cobalt cathode precursor business to Umicore.

The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.