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Equinox-Leagold merger approved, creates $1.75bn gold miner
Canada’s Equinox Gold and Leagold Mining said on Wednesday that shareholders in both companies have approved their merger, creating an America-focused gold miner with a market capitalization of about $1.75 billion. The deal, announced in December, adds Leagold’s four...
Barrick Gold’s ‘long safari’ ends with Tanzania deal
Canada’s Barrick Gold Corp signed a deal with Tanzania on Friday in which the government will take stakes in three gold mines, ending a long-running tax dispute and setting a template for negotiations with other firms. It was signed by Barrick CEO Mark Bristow and...
Worst drought in years pushes Anglo to sign water deal with Codelco
Global miner Anglo American (LON: AAL) recognized that the severe drought affecting Chile’s central region has impacted its Los Bronces copper mine. In its Q4 2019 production report, Anglo said Los Bronces’ production dropped by 28% due to water scarcity, a situation...
Ex-Vale CEO charged with homicide for Brazil dam disaster
Vale SA’s former chief executive officer was charged with homicide for the massive dam collapse that killed more than 250 people in Brazil last January. Fabio Schvartsman is the highest-profile executive facing criminal charges for Brazil’s worst environmental...