Canadian-based miner IAMGOLD has completed its first gold pour at the Côté Gold mine in the Sudbury District of Ontario, less than 90 days since the start of pre-commissioning activities. Full story.
Read MoreFirst bar poured at Côté Gold
Tag: Sumitomo Metal Mining
Vale to sell stake in Indonesian unit
Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters. The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…
Read MoreGoongarrie Hub gets boost from Japanese consortium
Photo: Ardea Resources Ardea Resources said it has signed a non-binding Memorandum of Understanding (MoU) with a Japanese consortium to develop its Kalgoorlie Nickel Project Goongarrie Hub in Western Australia. Full story.
Read MoreNickel Asia planning two new mines
Large Philippines mining operator Nickel Asia is reportedly eyeing the addition of two more producing mines in the coming three years, adding additional output to what is already the second-largest global nickel producing country. Full story.
Read MoreSumitomo Metal exits Indonesian project
Japan-based Sumitomo Metal Mining has decided to withdraw from an ongoing feasibility study on a nickel refinery project in Indonesia due to partnership difficulties with PT Vale Indonesia. Read full article here.
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