Largest Diamond Mine Reaches Commercial Production

Gahcho Kué, the world’s largest new diamond mine in the last 13 years, officially began commercial production on March 2. The mine, a joint venture with De Beers Group (51%) and Mountain Province Diamonds (49%), is expected to produce approximately 54 million carats of rough diamonds over its lifetime. 

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IAMGOLD Completes Acquisition of Merrex Gold

IAMGOLD Corp. reported that it has completed the acquisition of all of the issued and outstanding common shares of Merrex Gold Inc. not already owned by IAMGOLD. As a result, Merrex is now a wholly-owned subsidiary of IAMGOLD.

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Teck Sells Interest in Haib to Deep-South Resources

Teck Resources Ltd. announced it has entered into a definitive agreement to sell its 70% interest in Haib Minerals Ltd. to Deep-South Resources Inc., who holds the remaining 30% interest in Haib. Haib holds a 100% interest in the Haib copper project located in Namibia.

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Imperial Signs Letter of Intent to Sell Sterling Mine

Sterling Gold Mining Corp. (SGMC), a wholly-owned subsidiary of Imperials Metals Corp., has entered into a Letter of Intent with Northern Empire Resources Corp. (NM) to sell its interest in the Sterling gold mine property located in Nevada, United States.

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