Colombia establishing national mining company 

The Andean nation of Colombia is reportedly finalising a launch of a national mining company and a new state-owned mining company as royalties rise in the region. The government’s National Mining Agency (NMA) told Reuters last week that Colombian president Gustavo Petro has vowed to reform the mining sector, focusing on critical minerals for the energy transition, like copper. While…

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Zijin strikes gold with Rosebel deal

Mid-tier gold miner IAMGOLD Corp. has entered into a definitive agreement with Zijin Mining to sell its 95% interest in Rosebel Gold Mines N.V. for cash consideration of US$360 million and release of its equipment lease liabilities amounting to $41 million.  Rosebel holds a 100% interest in the Rosebel gold mine and a 70% participating interest in the Saramacca mine,…

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Galantas gets going underground at Omagh

The Omagh project in Northern Ireland has commenced its first series of stopes, officially kicking off production at the operation, confirmed owner Galantas Gold. Said to be the territory’s first gold mine, Omagh has begun longhole drilling, with installation of the secondary egress from the 1,096 to 1,052 level in the final stage of completion. It is projected to be…

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Polymetal marks first concentrate at Nezhda

Right on schedule, Polymetal has confirmed that construction and commissioning have been completed and first concentrate production has been recorded at the Nezhda gold-silver operation in northeast Yakutia, Russia. The milestone was met on Oct. 16, two weeks ahead of its Nov. 1 target. The mine is now ramping up the concentrator with a target date for nameplate capacity of…

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Eldorado Gold sells Tocantinzinho to G Mining

G Mining Ventures (GMIN) has signed off on the purchase of the Tocantinzinho gold project in northern Brazil from Eldorado Gold. Financial details were not released. Under the deal’s terms, Eldorado will become a cornerstone shareholder of GMIN, a Canadian-based group that is currently building itself up as an intermedia gold producer.  Tocantinzinho is the first step in that path;…

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