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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,...
Overview Market Close – June 9, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,272.30 -300.14 -1.09% S&P 500 INDEX 3,207.18 -25.21 -0.78% NASDAQ COMPOSITE INDEX 9,953.75 +29.01 +0.29% NYSE COMPOSITE INDEX 12,619.52 -217.08 -1.69% S&P/TSX COMPOSITE INDEX 15,833.74 -141.17...