 | |  | Americas | Tuesday, September 23, 2014
| | | | | | Nowadays, many investors will turn their noses up at a company holding one asset in one jurisdiction. Canada's Detour Gold Corp is busy turning these perceptions on their head. | | | |  | | | | At over seven thousand feet above sea level the air at Beaver Creek was thin, certainly thinner than I expected. When I arrived at the conference I thought the tinned oxygen provided by CIBC was a novelty. | | | | | | | The market will focus on a finance deadline being missed at Minera IRL Ltd's Ollachea gold project but beyond this initial disappointment there is a bit to like about the Peruvian operator at the moment. | | | | | | | | AIM-listed Herencia Resources plc has made headway on potential processing options at its Picachos copper-silver project in Chile, easing investor uncertainty over how it would move forward with building a low-cost open-pit operation in northern Chile. | | | | | | | | Australian-listed South American-focused gold miner Troy Resources Ltd got whacked by the market earlier this year when negative drilling results from the Azimuth Resources' Karouni M&A asset in Guyana shortened what had been anticipated as the project's initial mine life. Despite this early setback Troy remains adamant it will be mining from Karouni "for a very long time". | | | | | | | | Gold giant Newmont Mining Corp has reportedly secured the government permit it needed to start building its US$1 billion Merian gold project in Suriname. The project has been slated to commence production of more than 400,000oz per annum by the end of 2016. | | | | | | | | The outspoken head of the National Mining Association in the US, Hal Quinn, has called for Washington to address inefficient federal permitting processes for new mines that could be holding back more major domestic projects like Tesla's proposed US$5 billion lithium-ion battery factory in Nevada. | | | | | | | "A little knowledge is a dangerous thing", is one of those pithy little sayings I live by, not only because every day I butt up against morons who have gleaned some little snippet from the tabloids and suddenly think they have half a brain, but because I suspect I may be one of them. | | | | | | | December, January, April. The major drilling companies diverge on when the financial year ends, but one thing they can probably all agree on is the end of the current year can't come soon enough. | | | | | | Global production of rough diamonds in 2014 is expected to reach roughly 135Mct valued at US$17.8 billion, an increase of 3% over last year, according to US-based consultant, Paul Zimnisky. | | | | | | Shareholders of Canada's B2Gold Corp and Australia's Papillon Resources Ltd have voted in favour of a A$615 million (US$555 million) tie-up. | | | | | | Vale SA and the largest dry bulk carrier in China, China Ocean Shipping Company (Cosco), signed a framework agreement for strategic co-operation in iron-ore shipping. | | | | | | The world's largest Caterpillar dealer Finning International Inc has added former Rio Tinto Alcan president and chief executive Jacynthe Cote to its board of directors. | | | | | | Osisko Gold Royalties Ltd has secured a C$100 million (US$91 million) revolving credit facility with the National Bank of Canada to be used for acquisitions of royalties and the funding of precious metal streams, among other things. | | | | | | | | |  |  | Not a subscriber? Start a FREE trial to view these articles and more premium content. | | | | | |  | | | Latest Supplement | | | | Greenland is focusing on implementing a new mining strategy as part of a five-year government plan | | Following the amendment of the Mineral Resources Act, the responsibilities of the former Bureau of Minerals and Petroleum as per January 1, 2013 have been divided among the Ministry of Industry and Mineral Resources, the Mineral Licence and Safety Authority and the Environment Agency for Mineral Resources Activities. | | The mineral and hydrocarbon strategies from 2014-18 offer new specific proposals as to the direction in which Greenland should go over the next five years. | | | | |  | | Events update | | September 22-26, 2014, Melbourne Convention & Exhibition Centre, Australia | | | | | December 1-5, 2014, Business Design Centre, London, UK | | | | | | | | |
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