Gold – A gold mine being developed in Northern Manitoba, Canada, has some more elbow room thanks to a deal with an Australian resources fund.
Resource Company News Directory
PolyMet Mining Corp. (TSX:POM,NYSEMKT:PLM) has completed and posted its supplemental draft Environmental Impact Statement to the Minnesota Department of Natural Resources, for the NorthMet Project.
Highbank Resources Ltd. (TSXV:HBK) received review comments from the Ministry of Energy and Mines (MEM) on the Notice of Work Permit Application for its Swamp Point North Aggregate Project.
Gold – Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) has identified its next steps towards securing funding for its 75% owned Serra Pelada gold-platinum-palladium Mine. The Colossus board of directors have decided to review the Company’s strategy, and will be ceasing underground development for the time being as they focus on de-risking the project as well as decrease overall cost.
Gold – Klondex Mines Ltd. (TSX:KDX) reported that financing is expected to include a gold financing package from Franco-Nevada Corporation in the amount of $35 million, a private placement of subscription receipts for gross proceeds of approximately $35 million and a private placement of secured notes for approximately $25 million.
Platinum – Bloomberg reported that at their latest meeting, Northam Platinum Ltd. (OTCMKTS:NMPNY) and South Africa's National Union of Mineworkers (NUM) failed to reach an agreement regarding wages. The NUM has been leading a strike at the miner's operations for over a month now.
Coal – Reuters reported that Vale SA (NYSE:VALE) intends to sell a 15- to 25-percent stake in its coal operations as it works to bring in funding, cut capital commitments and help mitigate risk. The company has already seen interest from potential partners.
Coal – Bloomberg reported that Ivan Glasenberg, CEO of Glencore Xstrata plc (LSE:GLEN), is pushing his company to invest more in thermal coal than its three closest competitors, namely BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT), Anglo American plc (LSE:AAL) and Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO).
Iron – Mamba Minerals (ASX:MAB) on Friday announced that it will merge with Champion Iron Mines (TSX:CHM), a Canadian iron ore developer with properties in the Labrador Trough.
Lithium – Rare Earth Minerals (LSE:REM) has confirmed the presence of at surface lithium-bearing clay units in northern Mexico.