AbraSilver gets $15m investment from Kinross, Argentina power provider
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s leading electricity provider, to fund the development of its flagship Diablillos project in Salta province.
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Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact
Aluminum giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.
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Labrador Gold’s shares gain on best grades cut at Kingsway to date
Mining News Pro - The Toronto-quoted equity of Labrador Gold closed 4% higher on Thursday after reporting the highest-grade intercepts from the flagship Kingsway project in Canada’s Newfoundland province to date.
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Byrnecut secures landmark contract at Abra
Mining News Pro - Byrnecut has finalised a four-year contract with Galena Mining subsidiary Abra Mining that will see the company commence portal and decline development at the Abra base metals project.
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Abra plant a step closer following equipment order
Mining News Pro - Abra Mining has placed orders for the Abra base metals project’s ball mill and concentrate filter for a combined value of almost $9 million.
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Labrador secures backing for Kingsway project
Mining News Pro - Labrador Gold has closed a non-brokered private placement of 7.5 million units at C$0.54 per unit for gross proceeds of C$4.05 million. Each unit comprises one common share and one share purchase warrant, with each warrant exercisable at C$0.60 for a period of two years.
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Labrador going full speed ahead with Houston development
Mining News Pro - Canadian miner Labrador Iron Mines (LIM) is progressing work on Stage 2 of its planned direct shipping ore mining operations, which involves the development of the Houston project, in Labrador, Quebec.
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AbraPlata stock rises on Diablillos drill results
Mining News Pro - AbraPlata Resource has released results from three diamond drill holes at its Diablillos project in Argentina. Drilling was designed to test extensions beyond the currently defined mineral resources, the company said.
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Russian billionaire Abramovich sells out in $1.4bn gold deal
Mining News Pro - Russian billionaire Roman Abramovich is selling his stake in local mid-sized gold miner Highland Gold, the latest in a series of mining deals involving the precious metal, which is trading at record highs.
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Galena nears underground mining at Abra
Mining News Pro - Galena Mining has raised $12 million to advance its Abra base metals project in the Gascoyne region of Western Australia.
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Freeport’s El Abra mine in Chile to scale back processing
Mining News Pro - Freeport’s El Abra copper mine in Chile said on Monday it would scale back copper processing by 40% and lay off workers as global prices for the red metal plunge amid the coronavirus pandemic.
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Galena’s Abra project forecast to be a top global lead mine
Mining News - Galena Mining’s Abra project in the Gascoyne, Western Australia is predicted to become a top six global lead operation once it reaches full production in the first quarter of 2021.
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