International Mining & Minerals Association news
Erdene Resources closes Ulaan deal, intends to instead expand Bayan Khundii project
The original deal was set to acquire a 51% interest in the Ulaan exploration license.
Azure Minerals confirm high diamond grades at Oposura project in Mexico
Drilling is scheduled to start in October following permit approval.
Mining has commenced at Campo Morado, Telson Resources Inc. has announced
Main objective of mining commencement is to stockpile the mill throughput in advance of anticipated mill start.
First Quantum Minerals signs agreement to increase ownership of Minera Panama S.A. to 90%
The acquisition itself is valued at US$635 million, which is to be made payable in six installments over a five year period
Gold hedging will continue to be Sumitomo main strategy at Pogo mine
It is hoped that new hedging strategies will continue to make the mine a success.
IR director for Boliden, Sophie Arnius has chosen to leave
Mrs. Arnius will leave Boliden in January 2018. The recruitment of her successor has begun.
AuRico Metals apply for permits involving Kermess Underground Project
The Kemess Underground project is undergoing a coordinated permitting review process, meaning that all of the required permit applications have been submitted and will be reviewed at the same time.
Tanzanian concentrate ban forces Acacia to reduce operational activity
According to Acacia’s 2017 interim results, it announced that it would need to consider reducing operating activity, and lower expenditure at the Bulyanhulu mine if the concentrate ban was not lifted by the end of Q3 2017.
Trevali acquires new assets from Glencore
Trevali Mining Corp. has announced its acquisition of a portfolio of zinc assets, which previously belonged to Glencore PLC.
Major expansion project has given mine longer life expectancy and higher profitability
The Tanami expansion was undertaken by the Newmont Mining Corporation in an effort to increase profits.