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Published: 17 Dec 24

Canadian junior exploration Company GoldHaven Resources Corp has entered into an amalgamation agreement with BOA Gold Corp, which will result in GoldHaven acquiring BOA and the four high-potential gold and critical mineral properties in Brazil that it owns.

Rugby Resources halts Colombia drill programme to assess impact of regulatory change

Published: 17 Dec 24

TSX-V-listed Rugby Resources has terminated a planned private placement and postponed plans to drill the Cobrasco copper project, in Colombia, in the coming weeks owing to a change to regulations in the South American country that govern drilling activities in forest reserves. Rugby will now assess how to move the project forward under the changed rules.

Interra Copper expands landholding in British Colombia

Published: 17 Dec 24

Copper exploration company Interra Copper Corp has acquired the Stellar property, comprising mineral tenures that cover 5 389 ha of prospective ground within the Bulkley Porphyry Belt in northern British Columbia. "With [this] acquisition and the pending completion of the Stars property acquisition, Interra has assembled a dominant land position in the belt with three properties covering 19 852 ha that will be owned or optioned by the company. We are eagerly awaiting the 2025 exploration season when we plan to advance each of these exciting properties," comments Interra president and CEO Brian Thurston.

Silver Crown Royalties to acquire 15% royalty on PPX's Igor 4 project

Published: 17 Dec 24

Canada-based mining company PPX and royalty company Silver Crown Royalties (SCRi) have entered into a royalty agreement for up to 15% of the cash equivalent of silver produced from PPX’s Igor 4 project, in Peru, for $2.47-million. The first tranche of $1-million will be paid on closing of the agreement, which is expected to occur in early 2025. SCRi will be granted a royalty for 6% of the cash equivalent of silver produced from the project.

First Nation TTN invests in Canada Nickel

Published: 17 Dec 24

First Nation Taykwa Tagamou Nation (TTN) will invest $20-million of its capital in TSX-V-listed Canada Nickel Company for an 8.4% interest in the nickel company. The transaction is aimed at advancing Canada Nickel's flagship Crawford nickel sulphide project, in Ontario, while fostering economic empowerment and long-term collaboration.

Congo files criminal complaints against Apple in Europe over conflict minerals

Published: 17 Dec 24

The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters. Congo is a major source of tin, tantalum and tungsten, so-called 3T minerals used in computers and mobile phones. But some artisanal mines are run by armed groups involved in massacres of civilians, mass rapes, looting and other crimes, according to UN experts and human rights groups.

Samarco to invest more than $1bn to resume full capacity

Published: 17 Dec 24

Samarco Minercao expects to invest more than $1-billion to return its iron-ore operations to full capacity by January 2028 — a date that’s more than 12 years after the operation was first sidelined after a deadly mining tailings dam disaster. That’s according to some of the company’s top executives, including CEO Rodrigo Vilela, who spoke with Bloomberg News in an interview. The exact budget will be confirmed next year. The producer is a joint Brazilian venture between Vale and BHP Group. It first halted production in November 2015 after the dam break and only began resuming operations five years later.

BHP says Australian South Flank iron-ore operations resume after weekend pause

Published: 17 Dec 24

BHP paused operations at two iron-ore mines in Western Australia on Saturday after heavy rains in the country's Pilbara region, a spokesperson told Reuters on Tuesday, adding operations have since resumed. "We evacuated personnel from our MAC and South Flank mines to our accommodation villages on Saturday after heavy rains and flash flooding in the Pilbara," the spokesperson said. "Operations were temporarily paused until it was safe to return to site."

Barrick Gold threatens to suspend Mali operations over blocked exports

Published: 17 Dec 24

Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said on Monday as it struggles to reach agreement with authorities on a new mining code in the West African country. Conditions at the miner's Loulo-Gounkoto complex have "deteriorated significantly", Barrick said, adding that employees have been imprisoned without cause and shipments of bullion have been blocked.

Smoggy Sasolburg illustrates conflict between economy and clean air

Published: 17 Dec 24

From the moment Mpho Putsoenyane's daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol's oldest coal-to-liquid refinery, the baby struggled to breathe. Last year, when she was four months old, she turned purple and started gasping. Her parents rushed the baby to hospital, where medics only just revived her heart with a defibrillator, Putsoenyane recalls.