It’s only Monday and it’s already an exciting week in mining. Check out our top headline picks for today:
Shares in Canadian gold miner Banro Corporation (TSX, NYSE:BAA) were down Monday after the company said it had temporarily suspended operations at its Namoya gold mine in eastern Democratic Republic of Congo as the access road was blocked. (Read full article here)
Should a lawsuit alleging human rights abuses against foreign workers at a Canadian mining company be heard in Canada?A four-day BC Court of Appeals hearing begins on Monday to hear an appeal of a decision made last year. (Read full article here)
A preliminary economic assessment for a mine on Vancouver Island, British Columbia is showing promising economics – despite being in a jurisdiction challenging to build mines.
Releasing the PEA last Thursday, NorthIsle Copper and Gold (TSXV:NCX) said its proposed North Island open-pit mine could produce 75,000 tonnes per day for 22 years. It’s the first publicly released study on the Hushamu and Red Dog deposits, which were discovered in the 1960s. (Read full article here)
As far as China’s miners are concerned, the modern-day Silk Road is paved with gold.
Buoyed by a 15 percent rise in the gold price this year, Chinese mining executives in Tianjin this weekend were talking up their ambitions for overseas expansion. (Read full article here)