Vale reaches disaster settlement, Cameco ups uranium technology interest, and Glencore hands over mining rights

Eldorado Gold has signed an investment agreement with the Greek government, allowing the company to expand production at its Olympias mine to 650,000 tonnes per year. Courtesy of Eldorado Gold. (Like what you’re reading? Get our weekly recap delivered straight to your inbox each Friday.)

Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. This week’s headlines include enthusiasm for A.I.-assisted exploration , Eldorado Gold reaching an agreement regarding its Greek operations and Iamgold designing its Côté Gold mine project with autonomous technology in mind.

Vale has agreed to pay 37.7 billion reais ($8.98 billion) in compensation to the state of Minas Gerais for the collapse of the Brumadinho tailings dam in January 2019, as reported by Bloomberg . The agreement is about two-thirds of the initial amount of R$54.6 billion ($13 billion) sought by the government […]

Click here to view original web page at magazine.cim.org

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.