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Silvercorp Metals to acquire OreCorp

Silvercorp Metals to acquire OreCorp

Silvercorp Metals and OreCorp have signed a binding scheme implementation agreement where Silvercorp will acquire all fully paid ordinary shares of OreCorp not held by Silvercorp or its associates. Silvercorp Metals is headquartered in Vancouver, Canada and...
Chile copper recovery remains elusive

Chile copper recovery remains elusive

Hopes of a sustained recovery in Chilean copper shipments are fading after the biggest-producing nation saw July exports come in at the lowest level since January. Revenue from shipments last month slumped 13% from June levels, despite slightly higher prices for the...
Vale loses bid to block BHP’s London lawsuit

Vale loses bid to block BHP’s London lawsuit

Vale  lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36-billion-pound ($46-billion) London lawsuit over Brazil’s worst environmental disaster. More than 720 000 Brazilians are...
Porgera to restart later this year

Porgera to restart later this year

The Porgera gold mine, in Papua New Guinea, could be back in operation before the end of the year, Barrick Gold CEO Mark Bristow said recently. In preparation for the restart, the mobile fleet and fixed plant are being recommissioned, the mining and...
MinRes invests in low carbon technology

MinRes invests in low carbon technology

Mineral Resources (MinRes) has invested $US17.5 million ($26.6 million) in Binding Solutions in order to reduce energy use and emissions during the production of iron ore pellets. Binding Solutions is a UK-based company that develops proprietary technology. Its...
Rio releases tailings facility details

Rio releases tailings facility details

Rio Tinto has released information on 14 of its global tailings facilities, along with its progress toward conforming to the Global Industry Standard on Tailings Management (GISTM). Under GISTM classifications, the 14 facilities have been rated as very high or...