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New Gold to sell BC project to Artemis for $140 million
New Gold is selling its $1.8 billion Blackwater gold project in British Columbia, Canada, to Artemis Gold for C$190 million (about $141m) in cash. The Toronto-based miner will receive a gold stream on 8% gold produced from Blackwater. That total will be reduced to 4%...
Guinea signs Simandou iron deal with SMB-Winning consortium
Guinea on Tuesday signed an agreement with a consortium for the development of its giant Simandou iron ore reserve, another step towards the realisation of a project which it hopes will bring a $15 billion windfall over the 25-year lifespan. The deal includes the...
China to re-invest in its mining industry
China could move to re-invest in its mining industry to secure its resource base in the post-covid-19 world.. The pandemic shed light on supply chain weaknesses in general and on international dependence for strategic products. The issue is even more crucial in China,...
Australia, India sign critical minerals deal
Australia has inked an agreement with India to supply critical minerals needed for the new energy economy. It focuses on avenues to increase trade, investment and research and development between the two countries, according to Australia’s Resources Minister Keith...