A 2.6 billion-year-old rock has made a journey of almost 14,000 kilometres from Australia’s Pilbara region to London and will go on display at a new exhibition at the Natural History Museum (NHM), opened by HRH The Duchess of Cambridge.


The colourfully layered 2.5 tonne rock, a piece of banded iron formation (BIF), was chosen by the NHM as part of a wider exhibition to celebrate the wonder and beauty of the natural world, from the origins of the universe, to the story of evolution and diversity in the world today.


BIFs were formed more than three billion years ago when bacteria in our planet’s young oceans began to produce oxygen through photosynthesis. This oxygen combined with dissolved iron in the sea to form insoluble iron oxide, which separated out of the water and sank to the seafloor. As it settled, bands of red and grey iron-oxide developed between layers of silica-rich sediment. Without this process, there may never have been an oxygenated ocean to support the eventual evolution of more complex life on Earth.


Sourced from Rio Tinto’s Mount Tom Price mine and selected with the assistance of Traditional Owners, the Eastern Guruma people, the rock was diamond-cut to shape before being shipped to London. It will now form part of the Natural History Museum’s newly refurbished Hintze Hall display, opened by the museum’s patron, HRH The Duchess of Cambridge, and Sir David Attenborough at a gala launch.

Rio Tinto Group executive Growth & Innovation Stephen McIntosh said “We are very proud to have been involved with the Eastern Guruma people in donating a piece of such significance to the Natural History Museum. The BIF provides an important geological marker for when the first oxygen-generating life formed in the oceans, and helps us to understand how the world we know today evolved.”


“Iron ore has been at the centre of the Earth’s development for billions of years and human development for thousands of years. From the iron age to today’s steel age it has been essential to human progress,” he added.


Contacts:

Media Relations, EMEA / Americas
Illtud Harri
Office: +44 (0) 20 7781 1152
Mobile: +44 (0) 7920 503 600


David Outhwaite
Office: +44 (0) 20 7781 1623
Mobile: +44 (0) 7787 597 493


David Luff

Office: +44 (0) 20 7781 1177
Mobile: +44 (0) 7780 226 422

Media Relations, Australia / Asia

Ben Mitchell

Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 212


Anthony Havers

Office: +61 8 9425 8557
Mobile: +61 459 847 758


Investor Relations, London

John Smelt
Office: +44 (0) 20 7781 1654
Mobile: +44 (0) 7879 642 675


David Ovington

Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978


Nick Parkinson

Office: +44 20 7781 1552
Mobile: +44 7810 657 556

Investor Relations, Australia

Natalie Worley

Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 409 210 462


Rachel Storrs

Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 417 401 018

The Rio Tinto board has reconfirmed its recommendation that shareholders vote in favour of the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited .

The recommendation follows consideration by the board of a counter proposal from Glencore plc and a proposal from Yancoal comprising improved terms to the transaction previously announced.

Rio Tinto has engaged in active discussion with both parties and the board assessed a number of factors in its consideration of both proposals, including price and value; the risk that regulatory approvals will not be granted, or will be significantly delayed; funding certainty; and deal execution timeline. The board is recommending Yancoal’s proposal to its shareholders based on:

Yancoal’s agreement to accelerate all deferred payments and make a single payment of $2.45 billion at completion to purchase the C&A assets plus coal price-linked royalty.

Additional information and confirmations regarding Yancoal’s funding plans.

Receipt of confirmation from Yancoal that it has received or will waive all the regulatory approvals that are conditions precedent to its ability to close, including Chinese regulatory approvals from the National Development and Reform Commission (NDRC), the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and the Ministry of Commerce of the People’s Republic of China (MOFCOM), the State Administration of Foreign Exchange of the People’s Republic of China (SAFE) and Australian regulatory approvals from the Foreign Investment Review Board (FIRB), the Australian Competition & Consumer Commission (ACCC) and the NSW Minister for Resources.

Glencore having not secured clearance from various jurisdictions including Australia (FIRB and ACCC) and China (MOFCOM) or from the Korean or Taiwanese authorities and there being uncertainty that these approvals can be achieved in a timely manner.

The expectation that there will be a much faster completion timeframe under Yancoal’s proposal. It is in the best interests of Rio Tinto shareholders and employees, and Coal & Allied business customers and other stakeholders, to transact on a basis that minimises uncertainty.

Rio Tinto chief executive J-S Jacques said “We believe Yancoal’s offer to purchase our thermal coal assets for $2.45 billion offers the best value and greater transaction certainty for shareholders.

“Yancoal’s revised offer is the most attractive because it removes the deferred payment structure, can meet the timeline we have set for the transaction, and has given us certainty regarding the outstanding regulatory approvals required.

“The sale of Coal & Allied will create outstanding value for shareholders and is consistent with our strategy of simplifying our portfolio to ensure the most effective use of our capital”.


Under the UK Listing Rules and ASX Listing Rules, the transaction with Yancoal requires the approval of Rio Tinto shareholders and accordingly, the Rio Tinto plc general meeting has been convened for 27 June 2017 and the Rio Tinto Limited general meeting has been convened for 29 June 2017. These meetings will go ahead as planned.


We expect the transaction to complete in the third quarter of 2017.

On 24 January 2017, Rio Tinto announced it had reached a binding agreement for the sale of its wholly-owned Australian subsidiary C&A Industries to Yancoal for:

 

An initial $1.95 billion cash payment, payable at completion plus coal price-linked royalty; and 
$500 million in aggregate deferred cash payments, payable as annual instalments of $100 million over five years following completion.

On 9 June 2017, Glencore submitted a proposal to acquire Rio Tinto’s 100 per cent interest for $2.55 billion cash plus a coal price-linked royalty, with the cash comprising:
$2.05 billion cash payable on completion;

$500 million in aggregate deferred cash payments, payable as annual instalments of $100 million over five years following completion.

Contacts:

Media Relations, EMEA / Americas
Illtud Harri
Office: +44 (0) 20 7781 1152
Mobile: +44 (0) 7920 503 600


David Outhwaite

Office: +44 (0) 20 7781 1623
Mobile: +44 (0) 7787 597 493


David Luff

Office: +44 (0) 20 7781 1177
Mobile: +44 (0) 7780 226 422


Media Relations, Australia / Asia

Ben Mitchell
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 212


Anthony Havers

Office: +61 8 9425 8557
Mobile: +61 459 847 758


Investor Relations, London

John Smelt
Office: +44 (0) 20 7781 1654
Mobile: +44 (0) 7879 642 675


David Ovington

Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978


Nick Parkinson

Office: +44 20 7781 1552
Mobile: +44 7810 657 556


Investor Relations, Australia

Natalie Worley
Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 409 210 462


Rachel Storrs

Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 417 401 018

The UAE’s finest carpenters, technicians, and expert operators stole the spotlight at the Middle East’s dedicated trade fair for hardware, tools, machinery, and materials in Dubai this week.


The Tool It! Challengeat Hardware + Tools Middle East 2017 invited contracting and fit-out firms, construction companies, and workshop owners, to nominate their most skilled technicians for an intensive test of will, as they ground and drilled their way to glory among industry peers.


All 48 of them responded in kind, showcasing their finely tuned skills, and undeterred by the growing crowds drawn to the live sound of machinery piercing wood and meta
The contenders were eventually separated from the pretenders during the one-day live competition which covered five categories: drilling and screwing for both wood and metal, and measuring.


It came down to the top three craftsmen for each category, with the final winners celebrated by their colleagues and professionals from the construction, technical, and fabrication industries.


Leading tool manufacturers Bosch, 3M, Hitachi, and Nitto Khoki were on board as category sponsors, presenting the champions with their prizes: the latest tool sets, measuring equipment, and accessories.


Taking home the spoils was Khalil Miah from Sarco Building Contracting Company, who wontwo categories: the Metal Drilling category by Nitto Khoki, and the Measuring Tools category sponsored by Bosch.


Other winners were Jagan Sekar from Al Fajer Contracting, who won the Metal Grinding by 3M category; Inderjit Singh from Divine Creations for Metal Screwing by Hitachi, andNathu Sharma from Al Fajer, who took home the Wood Screwing Gold Medal, also sponsored by Bosch.


“The Inaugural Tool It! Challenge has proved to be a massive hit, and we’re delighted with the industry response to this inaugural competition,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organiser of Hardware + Tools Middle East.


“These men work tirelessly in building some of the UAE’s most loved landmarks, using skills and techniques needed to perform in the most extreme conditions. To see them showcase their skills live in front of their colleagues and industry peers is a unique spectacle.”


“This is something that’s never been done before, and it’s pleasing to see leading manufacturers get on board,” added Pauwels. “The competition also underlines the importance of having top quality dependable tools in order to ensure the safety of the worker and the workplace.”


Hardware + Tools Middle East 2017 opened yesterday and runs until tomorrow (24 May) at the Dubai International Convention and Exhibition Centre, featuring 166 exhibitors.


The annual three-day event is the region’s only exhibition dedicated to tools, hardware, materials and machinery, representing a broad spectrum of segments within the construction and technical industries. It was opened by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors at the Dubai Roads and Transport Authority.

Hardware + Tools Middle East 2017 returns with the Expert Zone, a one-stop destination showcasing the latest technology and solutions fromthe most established brands in the business.More information is available at www.hardwaretoolsme.com.


Hardware+Tools
Hardware+Tools is the Middle East’s only dedicated event for tools, hardware materials and machinery. Industry professionals involved in the supply of equipment to or the design, construction, build or specification of commercial or residential developments understand the importance of keeping up to date with new products, services and technology in the field. 


Hardware+Tools Middle East is the perfect platform to meet new contacts, discuss new trends and technological developments, keep up to date with industry knowledge and source new products and solutions. The next edition will take place from 22-24 May 2017 at the Dubai International Convention and Exhibition Centre. Show website: www.hardwaretoolsme.com


Messe Frankfurt

Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With some 2,400 employees at 30 locations, the company generates annual sales of over €640 million. The Messe Frankfurt Group has a global network of 30 subsidiaries and 55 international sales partners, allowing it to serve its customers on location in 175 countries. Messe Frankfurt events take place at approx. 50 locations around the globe. In 2016, a total of 138 trade fairs were held under the Messe Frankfurt umbrella, of which more than half took place outside Germany.

Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).


For more information, please visit our website at: www.messefrankfurt.com


About Messe Frankfurt Middle East GmbH

The portfolio of events for Messe Frankfurt Middle East includes Automechanika Dubai, Automechanika Jeddah, Automechanika Riyadh, Beautyworld Middle East, Hardware+Tools Middle East, Intersec, Intersec Saudi Arabia, Leatherworld Middle East, Light Middle East, Materials Handling Middle East, Materials Handling Saudi Arabia, Paperworld Middle East, and Prolight + Sound Middle East. The subsidiary also organises a series of conferences and seminars including the BOHS Worker Health Protection Conference, the Business in Beauty Summit, the Light Middle East Conference, Smart Traffic Middle East, and Future Mobility. For more information, please visit our website at www.messefrankfurtme.com

Dubai’s hardware and tools trade was valued at AED5.07 billion in 2016, with the USA, China, Italy, Germany, and India, the Emirate’s top five trading partner countries of construction-related equipment and machinery for the year.

According to figures released by the Dubai Customs today (22 May), Dubai imported AED3.6 billion worth of hardware and tools last year, while exports and re-exports into neighbouring countries were valued at AED1.467 billion.

 

The USA maintains its position as Dubai’s number one trading partner country, with hardware and tools trade between the two valued at AED808 million last year – 18 per cent of the total figure. China was next, with AED757 million worth of trade (15 per cent), followed by Italy (AED433 million), and Germany (AED357 million).


India also snuck into the top five, with the South Asian powerhouse trading AED 276 million worth of hardware and too
ls with Dubai in 2016. Together,the top five countries accounted for 52 per cent (AED2.631 billion) of all Dubai’s hardware and tools trade in 2016.


Plenty of manufacturers from these countries are also among the 166 exhibitors out in force at Hardware + Tools Middle 2017, which opened doors for the 18th time today at the Dubai International Convention and Exhibition Centre.


The annual three-day event is the region’s only exhibition dedicated to tools, hardware, materials and machinery, representing a broad spectrum of segments within the construction and technical industries. It was opened by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors at the Dubai Roads and Transport Authority.


“Hardware + Tools Middle East is an ideal interactive business development and trade platform for international brands looking to gain traction in the wider MEA region,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organiser of Hardware + Tools Middle East.


“A new development this year is the Tool It! Challenge, where we’ve invited contracting and fit-out firms, construction companies, or workshop owners, to nominate their most skilled technicians for an intensive test of will, as they grind, drill, and cut their way to glory among industry peers.


“The competition features 48 technicians and comprises three categories: Woodwork Routing, Screw Driving, and Metal Working. We wanted torecognise and reward the hard working men that are a crucial component of any successful project,while at the same time underline the importance of having top quality dependable tools in order to ensure the safety of the worker and the workplace,” added Pauwels.


Among the headline exhibitors this week at Hardware + Tools Middle East 2017 are Bosch Power Tools and Wiha from Germany, Hitachi Power Tools and Nitto Kohki from Japan, and US-headquartered manufacturer 3M.

Central Motors & Equipment (CC&M) is the exclusive UAE distributor of Bosch Power Tools, and is launching its latest range of German manufactured equipment aimed at contracting and fit-out firms, construction companies, or workshops across the region.


“The UAE is a global investment hub in the Middle East, with tremendous developments underway which require professional and durable tools to ensure the high standards of projects the country is undergoing is maintained,” said Ismaeel Hassen, CM&E’s General Manager.

“We bring to Hardware + Tools Middle East 2017 the expertise of Germany’s Bosch Power Tools with CM&E’s customer-focused vision and decades of experience in the market. Plus, we cater to a wide range of clients from large corporations with our professional tools to individuals with the DIY array; as a result, this platform is pivotal for us to expand our network and raise further awareness about our line of business.”


Japanese manufacturer Hitachi is one of world’s leading power tool manufacturers, and a debut Hardware + Tools Middle East exhibitor. Ichiro Komagata, General Manager of Hitachi Koki Gulf Branch, said the company is launching its Brushless Range of Demolition Hammers, Brushless Cordless Drive Drill and Brushless Rotary Hammer Drill.


“The Middle East and Africa is important to us as we’re focusing on emerging markets, where the potential opportunities for business growth and expansion is tremendous,” said Komagata.


“The GCC market is also bound to bounce back from its correction phase and we’re optimistic that the doors will soon be wide open to a world of greener pastures. We’re striving to be ready to kick off before the doors open up in future.”

Hardware + Tools Middle East 2017 returns with the Expert Zone, a one-stop destination showcasing the latest technology and solutions fromthe most established brands in the business.More information is available at www.hardwaretoolsme.com.


Hardware+Tools
Hardware+Tools is the Middle East’s only dedicated event for tools, hardware materials and machinery. Industry professionals involved in the supply of equipment to or the design, construction, build or specification of commercial or residential developments understand the importance of keeping up to date with new products, services and technology in the field. 


Hardware+Tools Middle East is the perfect platform to meet new contacts, discuss new trends and technological developments, keep up to date with industry knowledge and source new products and solutions. The next edition will take place from 22-24 May 2017 at the Dubai International Convention and Exhibition Centre. Show website: www.hardwaretoolsme.com

 

Messe Frankfurt
Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With some 2,400 employees at 30 locations, the company generates annual sales of over €640 million. The Messe Frankfurt Group has a global network of 30 subsidiaries and 55 international sales partners, allowing it to serve its customers on location in 175 countries. Messe Frankfurt events take place at approx. 50 locations around the globe. In 2016, a total of 138 trade fairs were held under the Messe Frankfurt umbrella, of which more than half took place outside Germany.

Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).


For more information, please visit our website at: www.messefrankfurt.com


About Messe Frankfurt Middle East GmbH

The portfolio of events for Messe Frankfurt Middle East includes Automechanika Dubai, Automechanika Jeddah, Automechanika Riyadh, Beautyworld Middle East, Hardware+Tools Middle East, Intersec, Intersec Saudi Arabia, Leatherworld Middle East, Light Middle East, Materials Handling Middle East, Materials Handling Saudi Arabia, Paperworld Middle East, and Prolight + Sound Middle East. The subsidiary also organises a series of conferences and seminars including the BOHS Worker Health Protection Conference, the Business in Beauty Summit, the Light Middle East Conference, Smart Traffic Middle East, and Future Mobility. For more information, please visit our website at www.messefrankfurtme.com

 

Stornoway Diamond Corporation is pleased to announce the inaugural sale of Quebec-mined diamonds at a launch event hosted yesterday evening by Birks at their iconic Montreal flagship store.

In the presence of Birks Group President and CEO, Mr. Jean-Christophe Bédos, and Matt Manson, President and CEO of Stornoway, invited guests had the opportunity to view a collection of polished diamonds up to 10 carats in size, mined during the initial ramp-up period of Stornoway’s Renard Mine in Northern Quebec and set in Birks’ signature designs.

Matt Manson, President and CEO, commented: “We are honoured to be able to partner with Birks in the presentation of Quebec’s first diamonds to the retail market. It is fitting that these first beautiful, Quebec diamonds derived from Quebec’s first diamond mine should premier for sale at Maison Birks, Quebec’s most storied diamond jeweler. Yesterday evening’s event marked another step in the long journey to bring the Renard Mine and Renard diamonds to the global market.”

Birks will be presenting the first Quebec diamonds for sale at their Montreal flagship store at 1240 Philips Square, Montreal, Quebec, in Ottawa, Ontario between May 25th – May 31st and in Ste. Foy, Quebec between June 5th to June 19th.

About the Renard Diamond Mine
The Renard Diamond Mine is Quebec’s first producing diamond mine and Canada’s sixth. It is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project.

About Stornoway Diamond Corporation
Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, Québec’s first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses.

On behalf of the Board
STORNOWAY DIAMOND CORPORATION
/s/ “Matt Manson”
Matt Manson
President and Chief Executive


For more information, please contact Matt Manson (President and CEO)
at 416-304-1026 x2101

or Orin Baranowsky (Interim CFO and Vice President, Investor Relations and Corporate Development)
at 416-304-1026 x2103
or toll free at 1-877-331-2232

This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.stornowaydiamonds.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Osisko Mining Inc is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec.



The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion ("Red Dog"), expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area. Significant new analytical results from five drill holes focused on infill and expansion drilling in the Lynx Corridor are reported in the table below.


Highlights from the new results include: 421 g/t Au over 3.7 metres, including 3.74 kilograms/t Au over 0.4 metres containing spectacular visible gold (27.8 g/t Au over 3.7 metres cut to 100g/t) in DDH OSK-W-17-834; 11.7 g/t Au over 7.7 metres in Lynx 4 discovery DDH OSK-17-816; and 10.4 g/t Au over 4.9 metres in DDH OSK-17-802. Maps showing drill hole locations and full analytical results are available at www.osiskomining.com

OSK-W-17-802 returned 10.4 g/t Au over 4.9 metres including 37.5 g/t Au over 1.0 metre from crustiform veins cross-cutting the Lynx 2 Zone. Mineralization is composed of up to 5% disseminated pyrite, 3% pyrite stringers and up to 2% sphalerite associated to strong grey silica alteration. Visible gold is hosted in a quartz tourmaline vein in the felsic volcanic package. This hole is a 25 metre step-out eastward of drill holes OSK-W-17-825 and OSK-W-17-834 described below.

OSK-W-17-806 intersected Lynx 2 in a strongly sericitized and silicified felsic volcanic. The intercept averaged 3.13 g/t Au over 3.9 metres (including 8.24 g/t Au over 0.9 metres). Mineralization is composed of 3% pyrite stringers. This intercept is located 60 metres under drill hole OSK-W-16-755, which returned 8.12 g/t Au over 2.0 metres (previously released January 11, 2017).

OSK-W-17-816 intersected a new zone averaging 11.7 g/t Au over 7.7 metres including 85.9 g/t Au over 0.3 metres (the “Lynx 4” Zone). Lynx 4 is 170 metres south of Lynx 1. Mineralization consists of up to 15% pyrite, disseminated and stringers, with visible gold grains associated with pyrite clusters.

OSK-W-17-825 intersected 6.71 g/t Au over 2.8 metres (including 21.6 g/t Au over 0.7 metres) in Lynx 1. Mineralization is composed of 8% pyrite at the contact between a fragmental porphyry dike and a strongly silicified rhyolite. This hole is an infill between OSK-W-16-760 (93.3 g/t Au over 9.0 metres uncut) and OSK-W-17-788 (17.0 g/t Au over 12.3 metres) previously released January 11 and April 5, 2017 respectively.

OSK-W-17-834 returned of 421 g/t Au over 3.7 metres (27.8 g/t Au over 3.7 metres cut), including 3.74 kilograms/t Au over 0.4 metres (uncut) in Lynx 2. The intercept contains local spectacular visible gold as patches and fracture fillings in smoky quartz-tourmaline veins hosted in a strongly sericitized and grey silicified rhyolite. This intercept is located 50 metres under OSK-16-760 which returned 95.3 g/t Au over 9.0 metres (previously released January 11, 2017).

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").


About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource comprises 2,762,000 tonnes at 8.42 g/t Au (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario. Osisko continues to be well financed with approximately $190 million in cash and investments.

For further information please contact:
John Burzynski, President and Chief Executive Officer
Telephone: (416) 363-8653

Hecla Mining Company announced preliminary production, operating costs and cash balance for the first quarter of 2017.

FIRST QUARTER 2017 HIGHLIGHTS (Preliminary Results) Silver production of 3.4 million ounces; gold production of 56,113 ounces.

Silver equivalent production of 10.6 million ounces or gold equivalent production of almost 151,000 ounces.2 Lead production of 8,636 tons; zinc production of 15,537 tons.

Cost of sales and other direct production costs and depreciation, depletion and amortization (“cost of sales”) of $107.6 million, an increase over 2016 reflecting open pit production from Casa Berardi. Silver cash cost, after by-product credits, per ounce of $0.84, the lowest in over five years and below our full year estimate of $2.75.3

Cash, cash equivalents and short-term investments of approximately $213 million at March 31, 2017, an increase of about $14 million for the quarter compared to a $21 million decline in the first quarter, 2016.

“The first quarter production at Greens Creek and San Sebastian exceeded our expectations, more than offsetting the shortfall at Lucky Friday due to a strike by the union workers,” said Phillips S. Baker, Jr., President and CEO. “While our cost of sales increased over last year due to the higher throughput from the Casa Berardi open pit operations, our cash cost, after by-product credits, declined 73% over the first quarter 2016 to $0.84 per silver ounce. This strong operating performance allowed us to add $14 million of cash since the end of the year, marking the fourth consecutive quarter of increasing cash balances.”

OPERATIONS OVERVIEW

The following table provides a summary of the production, cost of sales and cash cost, after by-product credits, per silver and gold ounce, for the first quarter ended March 31, 2017 (preliminary) and 2016 (actual).

Greens Creek

At the Greens Creek mine, 1.9 million ounces of silver and 14,022 ounces of gold were produced in the first quarter, compared to 2.5 million ounces and 15,981 ounces, respectively, in the first quarter 2016. Lower silver and gold production was expected and principally due to lower grades than the prior period. The mill operated at an average of 2,190 tons per day (tpd) in the first quarter, in-line with the first quarter 2016.

The cost of sales for the first quarter was $44.0 million, and the cash cost, after by-product credits, per silver ounce, was $0.65, compared to $44.9 million and $3.96, respectively, for the first quarter 2016.5 The per ounce silver costs were lower primarily due to higher base metals prices and fewer ounces of silver production.

Lucky Friday

At the Lucky Friday mine, 680,782 ounces of silver were produced in the first quarter, compared to 977,084 ounces in the prior year period. The decrease in silver production was due to the strike by the union workers since March 13.

The cost of sales for the first quarter was $14.5 million and the cash cost, after by-product credits, per silver ounce was $5.93, compared to $18.5 million and $9.05, respectively, for the first quarter of 2016, with the decrease in cash cost, after by-product credits, per silver ounce primarily due to higher base metals prices and fewer silver ounces produced.3

Casa Berardi

At the Casa Berardi mine, 35,807 ounces of gold were produced in the first quarter, including 7,157 ounces from the East Mine Crown Pillar (EMCP) pit, compared to 30,378 ounces in the prior year period, primarily due to higher throughput. The mill operated at an average of 3,263 tpd in the first quarter, an increase of 37% over the first quarter 2016.

The cost of sales was $42.5 million for the first quarter and the cash cost, after by-product credits, per gold ounce was $886, compared to $29.2 million and $781, respectively, in the prior year period, with the increase in cash cost, after by-product credits, per gold ounce partly due to the expensing of stripping costs for the new EMCP pit.4

 

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska, Idaho and Mexico, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in seven world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada.

Hecla Mining Company
Mike Westerlund, 800-HECLA91 (800-432-5291)
Vice President – Investor Relations
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www.hecla-mining.com

Newmont Mining Corporation announced an agreement to invest approximately US$109 million for 19.9 percent ownership of Continental Gold Inc. , supporting near-term development of the high grade Buriticá gold project in Colombia. The investment also covers three other exploration assets in this prospective gold district.

The Buriticá deposit consists of two major vein systems that remain open along strike and at depth. Continental has declared proven and probable reserves of 3.7 million ounces of gold averaging more than eight grams per tonne.1 The project is permitted and construction of the underground mine and process plant is expected to begin in the second half of 2017 with commercial production targeted for early 2020.

“We’re investing in a world class asset and exploration prospects, in alignment with our goal to create long-term value for shareholders,” said Gary Goldberg, President and Chief Executive Officer. “We’re impressed with the quality of the deposit, the caliber of the management team, the community’s support for the project, and the prospects for future growth. Our team is looking forward to joining forces with Continental to make the most of these opportunities.”

Newmont has agreed to purchase 37.38 million common shares of Continental in a non-brokered private placement at a price of C$4.00 per share. Closing of this purchase remains subject to receipt of approval by the Toronto Stock Exchange, which is expected by May 18. Terms of the investment agreement include Newmont’s right to participate in future equity issuance to maintain its ownership stake; the two companies establishing joint technical and sustainability committees and a strategic exploration alliance; and Newmont holding a seat on Continental’s Board of Directors.

Newmont invests in profitable growth through projects, exploration and transactions that improve its margins, reserves and resources. Newmont recently built two new mines – Merian in Suriname and Long Canyon in Nevada – in two new gold districts on or ahead of schedule and more than 20 percent below budget, and is advancing profitable expansions at Carlin in North America, Tanami in Australia, and Ahafo in Ghana. Newmont has added 123 million ounces to its reserve base by the drill bit over the last 15 years, and recently invested in an option to explore a highly prospective gold district in Canada’s Yukon Territory.

About Newmont

Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015 and 2016. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

Newmont Mining Corporation

Media Contact
Omar Jabara|
303-837-5114
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or
Investor Contact
Meredith Bandy
303-837-5143
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Anglo American plc (“Anglo American”) announces that it has entered into a Sale and Purchase Agreement with Malabar Coal Limited to sell its 88.17% interest in the Drayton thermal coal mine and Drayton South project , located in New South Wales, Australia .

The Transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American's interest in Drayton. The Transaction remains subject to several conditions precedent and its terms are confidential.

 

Mark Cutifani, Chief Executive of Anglo American, said: “The agreement to sell the Drayton thermal coal mine marks further progress as we focus our global portfolio around our largest and most competitive assets.”

Anglo American ceased mining activities at the Drayton mine during 2016.

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper, nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.www.angloamerican.com

MEDIA
UK

James Wyatt-Tilby
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Tel: +44 (0)20 7968 8759

Marcelo Esquivel
Tel: +44 (0)20 7968 8891

South Africa
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Tel: +27 (0)11 638 2592

Ann Farndell
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Tel: +27 (0)11 638 2786

Eldorado Gold Corporation is pleased to announce that it has entered into a definitive agreement with Integra Gold Corp. pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of Integra that it does not currently own, by way of a plan of arrangement under the Business Corporations Act (British Columbia).

Under the Arrangement, shareholders of Integra will be entitled to receive, at their option, for each Integra share they own either (i) 0.24250 Eldorado shares, (ii) C$1.21250 in cash, in both (i) and (ii) subject to pro ration, or (iii) 0.18188 of an Eldorado share and C$0.30313 in cash. The maximum number of shares issuable by Eldorado under the Arrangement will be approximately 77 million (based on the number of Integra shares outstanding less Integra shares currently owned by Eldorado). The maximum amount of cash payable by Eldorado under the Arrangement will be approximately C$129 million equal to 25% of the total consideration. The total transaction value is approximately C$590 million, inclusive of Integra shares held by Eldorado.

Eldorado's offer represents:

A value of C$1.21250 for each Integra common share based on the May 12, 2017 closing price of Eldorado common shares on the Toronto Stock Exchange


A premium of approximately 52% to Integra's May 12, 2017 closing price and a premium of 46% based on the volume weighted average prices ("VWAP") of both companies on the Toronto Stock Exchange for the 20 day period ending May 12, 2017

Upon completion of the transaction and based on the maximum number of shares issuable under the Arrangement, current Eldorado and Integra shareholders would hold approximately 90% and 10% of the combined Company, respectively.

Integra's principal asset is the Lamaque project near Val-d'Or, Quebec. Lamaque hosts an NI 43-101 indicated resource of 5.1 million tonnes at a grade of 9.13 g/t gold and an inferred resource of 3.5 million tonnes at a grade of 7.94 g/t gold (5.0 g/t gold cut-off)1. A preliminary economic assessment was completed in February 2017 that envisions a high-grade underground operation producing 123,000 ounces of gold per year at all-in sustaining costs of US$634 per ounce over 10 years2. Integra is currently in the process of advancing underground ramp development to facilitate underground exploration and completion of a bulk sample.

George Burns, President and Chief Executive Officer of Eldorado Gold, stated, "The Company has been following Integra's progress at Lamaque over the last 18 months and commend their team for the accomplishments to date. From previous experience of building and operating gold mines in Canada, I am excited about Eldorado's entry into the Eastern Abitibi region of Canada. With our current balance sheet strength post the sale of our Chinese assets, this acquisition represents a use of the proceeds complementing our existing portfolio of high quality, low cost assets."

About Eldorado Eldorado is a leading low cost gold producer with mining, development and exploration operations in Turkey, Greece, Serbia, Romania and Brazil. The Company's success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term partnerships with the communities where it operates. Eldorado's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange

Contact:
Krista Muhr,
Vice President Investor Relations & Corporate Communications 
Eldorado Gold Corporation
604 551 3250 or 1 888 353 8166
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www.eldoradogold.com

Media
Louise Burgess

Director, Communications & Government Relations
Eldorado Gold Corporation
604 616 2296 or 1 888 353 8166
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