Investment

Furuya Metal to invest to improve ruthenium refining capability of Tsuchiura Plant

Furuya Metal announced that it will invest in enhancing the ruthenium (Ru) refining capability of its Tsuchiura Plant, located at Sawabe in Tsuchiura City, Ibaraki.

Bonterra proposes merger with rival Canadian gold miner Metanor

Bonterra Resources has proposed to acquire rival Canadian gold exploration and development firm Metanor Resources for C$78m ($58.93m) in an all-stock deal to expand its position in the Urban Barry Camp in Quebec, Canada.

Rio Tinto to invest $2.2bn on replacement iron ore mines in Pilbara

Mining giant Rio Tinto has revealed its plans to spend about $2.2bn over the next three years on replacement mines for its iron ore production in Western Australia’s Pilbara region.

CITIC Metal to acquire 20% stake in Ivanhoe Mines for $560m

CITIC Metal, a subsidiary of Chinese conglomerate CITIC has agreed to acquire a stake of 19.9% in Canadian mining company Ivanhoe Mines for C$723m ($560m).

KAZ Minerals to sell 19.4% stake in Koksay copper project to China’s NFC

UK-based KAZ Minerals has agreed to sell a stake of 19.4% in its Koksay copper project in south eastern Kazakhstan to China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) for $70m.

Rio Tinto, Minmetals to form JV to explore mineral deposits in China

Mining giant Rio Tinto and China Minmetals, a Beijing-based metals and mineral trading company have signed a deal to create an RMB200m ($31.3m) joint venture to explore mineral deposits in China.

South32 to invest $100m in Mexican zinc project

Silver Bull Resources has signed an agreement with a wholly owned subsidiary of South32, granting an option to the latter to form a 70/30 joint venture with respect to the Sierra Mojada project in Mexico.

Arc Minerals increases stake in Zamsort to 55%

Arc Minerals has announced a further increase in its ownership of Zamsort to 55% following the acquisition of a 6% interest from Terra Metals Limited (Terra).

Pacton to buy seven gold tenement licenses in Pilbara mining region

Pacton Gold has revealed its plans to add seven gold tenement licenses in the Pilbara region in Western Australia through the acquisition of Australian exploration company Drummond East from Impact Minerals.