The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
20.9
Warren Buffet's Berkshire Hathaway has purchased 20.9 million stocks in Barrick Gold, sending stocks surging.
0.2%
South Africa's main stock index has risen by 0.2%, buoyed by companies such as Anglo American that are set to benefit as lockdown eases.
A$425m
Rare earth miner Lynas has announced a A$425m equity raise in order to fund its Lynas 2025 projects, in addition to announcing a loss in revenue and earnings for the year ended June.
$25m
Chilean regulators have rejected Sociedad Química y Minera de Chile (SQM)’s $25m environmental compliance plan for the Atacama salt flat in the country.
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PROJECT NEWS
Premier Gold Mines signs deal to acquire Getchell Project
Premier Gold Mines is set to acquire the Getchell Project in the Getchell gold belt, in a move to bolster its presence in the US state of Nevada.
Sheffield and Yansteel partner to develop Thunderbird project
Sheffield Resources and YGH Australia Investment (Yansteel), a subsidiary of Yangang (Hong Kong), have signed a non-binding term sheet to form a joint venture to develop the Thunderbird Mineral Sands Project.
Radisson Mining Resources to acquire New Alger Gold Property in Quebec
Radisson Mining Resources has signed a binding agreement to acquire the New Alger Gold Property from Renforth Resources. The acquired property is located adjacent to the Radisson’s O’Brien Project in the Canadian province of Quebec.
Fortescue to review expansion that threatens Australian sacred sites
According to a Reuters report,Fortescue will revisit the plan that involves expanding an iron ore mine in Pilbara region, after the Wintawari Guruma indigenous peoples said that the move will endanger a 60,000-year-old rock shelter among other sacred sites.
Further reading
Joe Biden vows to stop Pebble mine from going ahead if elected
US Democratic presidential candidate Joe Biden said on Sunday that, if elected, his administration would block the Pebble mine project in Bristol Bay, Alaska. Northern Dynasty Minerals, through its wholly owned subsidiary Pebble Partnership, has hit back at the Democratic Party’s candidate, saying any attempt to block the project would be promptly overturned.
Source: Mining-Technology
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