Silvercorp Metals and JV partner Salazar Resources said the Provincial Court of Bolivar, in the province of Ecuador where the El Domo project is located, dismissed an appeal against the project’s environmental license. This affirms the rights of its Ecuadorian subsidiary, Curimining, to continue construction of the copper-gold project. Additionally, the Canadian-based miner announced the repayment of US$13.25 million previously…
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Precious and base metals developer Adriatic Metals has appointed Laura Tyler as managing director and chief executive officer. Tyler has served as Interim CEO since 9 August. Full story.
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Sibanye-Stillwater – the owner of the only platinum and palladium mines in the U.S. – has plans to lay off 700 employees at its operations in Montana due to declining prices for palladium, reported the Associated Press. Full story.
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The Democratic Republic of Congo (DRC) has reinstated mining operations in the South Kivu province, with the exception of gold extraction, reported Reuters. Gold, tin ore cassiterite and hi-tech mineral coltan from the province are mostly mined by so-called “artisanal” miners using rudimentary means, noted the news agency. The precious metal is then smuggled into global supply chains through the…
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Mexico-focused precious metals miner Guanajuato Silver has announced that Ramon Davila is resigning as president and a member of the board of directors. “I feel it is the correct time to move on from my daily operational duties as president of Guanajuato Silver as well as my duties on the [board], to spend more time with my family and other…
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Glencore has abandoned plans to sell its 70% interest in Kazakhstan-based miner Kazzinc after potential buyers failed to match its valuation, reported Bloomberg. Sources familiar with the situation told the media outlet that Glencore has sent a termination letter to the unnamed bidders. Headquartered in Oskemen, Kazzinc is Kazakhstan’s largest producer of zinc, lead and precious metals. The company has…
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Canadian precious metals miner Fortuna Silver has confirmed the pouring of first gold at its Séguéla operation in Côte d’Ivoire. The milestone was celebrated 24 May, and the operation is now transitioning from commissioning to its ramp-up phase – and has the distinction of being Fortuna’s fifth operating mine. CEO Jorge Ganoza said the mine’s team, which “performed phenomenally” was…
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Sibanye-Stillwater said it is now the controlling shareholder of Australian zinc miner New Century Resources with a nearly 71% stake, two weeks after launching an unsolicited takeover bid, reported Reuters. Full story.
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