Canadian mining news

Global rough diamond production is expected to recover by 1.4% to reach 112.99 million carats (ct) in 2021 following its decline in 2020, owing to the COVID-19 pandemic, according to GlobalData.

BHP has approved US$5.7 billion in capital expenditure for the Jansen Stage 1 potash project in the province of Saskatchewan, Canada.

Champion Iron has signed a letter of intent with Caterpillar for the implementation of advanced drilling technologies at its Bloom Lake Mine.

Defense Metals Corp. has announced the execution of a non-binding memorandum of understanding with Sinosteel Equipment & Engineering Co., Ltd to assess the economic and technical feasibility of full-scale mine development at the Wicheeda Rare Earth Property.

Newrange Gold Corp. has signed a definitive agreement to acquire an interest in the Argosy Gold Mine in the Red Lake Mining Division of Northwestern Ontario.

Satori Resources Inc. has announced that the 2021 Phase II drilling programme at its 100% owned Tartan Lake Gold Project, Canada, has been approved and will be commencing imminently.

Foran Mining Corp. has announced that its infill drill programme at its 100% owned McIlvenna Bay deposit is now complete.

NOVAGOLD RESOURCES INC. has received US$75 million from Newmont Corp. as per the 2018 share purchase agreement in which NOVAGOLD agreed to sell its 50% interest in the Galore Creek project in British Columbia, Canada.

Teck Resources Limited has announced its unaudited 2Q21 results.

Gold Royalty Corp. is set to acquire five gold royalties on properties managed by Monarch Mining Corp.