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Rainbow Rare Earths expands into Zimbabwe
Africa-focused Rainbow Rare Earths (LON:RBW) has acquired ten mining claims in northern Zimbabwe as part of its mounting efforts to expand operations beyond Burundi, where it runs Gakara, Africa’s only producing rare earths mine. The company said the properties,...
Rise Gold submits permit application to reopen historical Idaho-Maryland mine
Vancouver-based explorer Rise Gold (CSE: RISE) announced Thursday that it has submitted an application for a use permit to Nevada County to allow the reopening of its 100% owned Idaho-Maryland gold mine in California. The use permit application proposes underground...
Vale returns looking for low-cost debt after Brumadinho tragedy
The insatiable appetite to lend to Latin America’s blue-chip corporations may allow Brazilian miner Vale SA to return to the loan market and borrow US$3bn to refinance debt at ultra-low rates, only 10 months after a dam disaster that left the country reeling. In...
Teck hires Barclays to sell Peru mine stake
Canada’s Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told Reuters on...