Alamos Gold to buy Argonaut Gold in all-share deal valued at $325 million – by Neils Christensen (Kitco News – March 27, 2024)
Republic of Mining
by Stan
1d ago
https://www.kitco.com/ (Kitco News) – Merger and acquisition activity in the mining sector is picking up as Alamos Gold announces its plan to buy Argonaut Gold in an all-shares transaction valued at $325 million. The two companies announced the friendly acquisition on Wednesday before the North American equity market open. Under the agreement, Argonaut shareholders will ... Read more ..read more
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Baltimore Bridge Collapse Will Likely Block Coal Exports for Weeks – by Josh Saul (Bloomberg News – March 26, 2024)
Republic of Mining
by Stan
1d ago
https://www.bnnbloomberg.ca/ (Bloomberg) — The collapse of a major Baltimore bridge Tuesday is likely to shut down the port’s coal exports for as many as six weeks and block the transport of up to 2.5 million tons of coal, said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC. The US exported about 74 ... Read more ..read more
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Federal watchdog finds Canadian firm ‘contributed to use of forced labour’ in China – by Steven Chase (Globe and Mail – March 27, 2024)
Republic of Mining
by Stan
1d ago
https://www.theglobeandmail.com/ A watchdog created by the federal government to probe corporate wrongdoing abroad says Vancouver-based Dynasty Gold Corp DYG-X has contributed to the use of forced labour at a mine in Xinjiang, China, and is asking Ottawa to cut off future trade support for the company. Its investigative findings were released Tuesday in the first ... Read more ..read more
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Feds to review Kinross’ Great Bear gold project – by Ian Ross (Northern Ontario Business – March 26, 2024)
Republic of Mining
by Stan
1d ago
https://www.northernontariobusiness.com/ Federal Impact Assessment Agency launching environmental assessment of Red Lake pit plans One of Red Lake’s next generation of gold mines is undergoing federal scrutiny. In a March 22 notification, the Impact Assessment Agency of Canada (IAAC) has determined that a federal impact assessment of Kinross Gold’s Great Bear Project is warranted. The agency ... Read more ..read more
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‘A 1939 moment’: Jim Sciutto on Russia, China and the threat of war – by David Smith (The Guardian – March 10, 2024)
Republic of Mining
by Stan
2d ago
https://www.theguardian.com/ At CNN in Washington, Jim Sciutto’s dimly lit office is both man cave and shrine to a foreign correspondent who has reported from more than 50 countries. A typewriter he bought on Portobello Road during a decade in London. Photos he took in Afghanistan and Ukraine. A Vietnamese newspaper account of the time he ... Read more ..read more
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America’s lithium laws fail to keep pace with rapid development – by Ernest Scheyder (Reuters – March 25, 2024)
Republic of Mining
by Stan
2d ago
https://www.reuters.com/ March 25 (Reuters) – Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China’s control of the critical minerals sector. Across Texas, Louisiana and other mineral-rich states, it’s unclear who owns ... Read more ..read more
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Forced-labour watchdog cites B.C. mining company, which says claims are nonsensical – by Dylan Robertson (B.C. CTV News/Canadian Press – March 26, 2024)
Republic of Mining
by Stan
2d ago
https://bc.ctvnews.ca/ Ottawa’s corporate-ethics watchdog says a Vancouver-based mining company has allowed forced labour to occur at its gold mine in the Xinjiang region of China, even though the firm lost control of the project before the alleged slavery took place. The company cited, Dynasty Gold Corp., says it’s being tarnished by baseless allegations on timelines ... Read more ..read more
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Signet Says Shoppers Getting Wiser on Falling Lab-Grown Prices – by Joshua Freedman (Rapaport Magazine – March 21, 2024)
Republic of Mining
by Stan
2d ago
Home Deep discounting by independent jewelry, especially on lab-grown, impacted Signet’s average transaction value in the fiscal fourth quarter that ended February 3, Drosos explained. The retailer’s sales fell 6% year on year to $2.5 billion during the period, it reported Wednesday. The average transaction value slipped 0.6% in North America and slumped 10% in ... Read more ..read more
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Cleveland Cliffs gets part of $6 billion funding to slash emissions in industrial facilities – by Rick McCrabb (Dayton Daily News/Associated Press – March 25, 2024)
Republic of Mining
by Stan
2d ago
https://www.daytondailynews.com/ Middletown steel plant among projects that will slash planet-warming greenhouse gas emissions. MIDDLETOWN — Cleveland-Cliffs Middletown Works is expected to receive a major investment up to $500 million to overhaul the ironmaking systems and install a new environmentally friendly system. The 100% hydrogen-ready, flex-fuel direct reduction plant will be directly coupled to two electric ... Read more ..read more
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Canada’s next big problem could be copper theft. Here’s why – by Jamie Casemore (National Post – March 26, 2024)
Republic of Mining
by Stan
2d ago
https://nationalpost.com/ Bell Canada is sounding the alarm over copper theft especially in Ontario, New Brunswick and Quebec. Here’s what to know A major Canadian telecommunications company is calling upon the government for enhanced security protocols to address the growing problem of copper theft. Bell Canada recently announced that it had installed aerial alarms to fight ... Read more ..read more
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