Finance & business

Algold Resources Ltd. has completed its funding arrangement with Wafa Mining & Petroleum SA, and has announced the appointment of Ousmane Kane to its board of directors.

MGX Minerals Inc. signs a definitive option agreement for the acquisition of 50% of the issued shares of Chilean Lithium Salars SpA (CLS).

On 2 October, a subsidiary of Hecla Mining Company (Hecla) acquired 1.25 million shares of Dolly Varden Silver Corporation.

Newmont Mining Corp. won the Large Cap category award at the recent NACD NXT Recognition Awards.

Cradle Arc obtains a loan facility worth US$2 million from PenMin Botswana Proprietary Ltd to rehabilitate its processing facilities at Mowana copper mine, and provides an operational update on its activities.

Last Friday, a scheme document relating to the merger of Barrick and Randgold was made available to Randgold shareholders.

Monarques Gold has acquired an additional 2 % royalty on the Chimo property.

Doray Minerals Ltd signs a sale and purchase agreement to divest its Andy Well project to Galane Australia Pty Ltd.

Orocobre Limited name the company’s new CEO and Managing Director following an extensive recruitment process.

IDM Mining Ltd reports a non-brokered private placement of up to CAN$4.1 million.

JSW has shortened the term of payment by 30 days as a means of improving the liquidity position of its suppliers and obtaining better pricing in tender procedures.

Pacton Gold Inc. purchases exploration licenses and mining leases for two prospects in the Pilbara region of Western Australia.

The agreement outlines the process and principles for the negotiation and implementation by the Renova Foundation of the formal compensation programme for impacted people in Mariana.

Gatling Exploration, Inc. receives conditional approval of the listing of its common shares on the TSX Venture Exchange.

A larger emphasis must be placed on attracting and engaging the next generation of leaders, as research shows students are impacted by a distinct lack of knowledge about the mining industry and the opportunities available in the sector.