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Finance & business

 
 
 

IAMGOLD completes sale of interest in Sadiola Gold Mine

IAMGOLD Corp. has announced that, together with AngloGold Ashanti Ltd, it has completed the sale of its collective interests in Société d'Exploitation des Mines d'Or de Sadiola S.A. to Allied Gold Corp.

 
 
 
 

Saudi Arabia approves new mining investment law

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 to acquire DSI Underground

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.

 
 
 

Trident Royalties acquires US$3 million copper royalty

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 to sell El Cubo Mine for US$15 million

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 appoints Mine Manager

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