Mining Industry Market Reports

LiCo has now entered into a Definitive Mining Option Agreement with Durus Copper Chile SPA of Santiago, Chile where LiCo can earn up to a 60% interest in the Purickuta Lithium Exploitation Concession located within Chile’s Salar de Atacama, the world’s largest and purest active source of lithium. This definitive…
Goldcorp Inc announced that the Company has entered into an agreement  pursuant to which it has agreed to sell its 100% interest in the Cerro Blanco gold-silver project, located in Guatemala, to Bluestone Resources Inc.  Goldcorp will receive consideration at closing of $18 million in cash, a 1% Net Smelter…
  Rio Tinto has reached a binding agreement for the sale of its wholly-owned Australian subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited for up to $2.45 billion comprising:An initial $1.95 billion cash payment, payable at completion; and $500 million in aggregate deferred cash payments, payable as annual instalments…
Glencore is to sell its Glencore Rail (GRail) coal haulage business in the New South Wales Hunter Valley to Genesee & Wyoming Australia (GWA) for A$1.14bn ($866m).                                                                                        The company’s latest move forms another part of its debt reduction programme.Upon completion of the sale, GWA will service the majority of Glencore’s…
Metals Group wishes to advise that it has agreed to acquire BC Iron’s 75 per cent interest in the Nullagine Joint Venture for A$1.00. Fortescue will assess the viability of restarting operations having regard to ongoing market conditions.The acquisition includes all assets and rehabilitation obligations of the NJV. Fortescue will…
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