Recently, Corazon Mining waited for the stability of the surface conditions of its Lynn Lake nickel-copper-cobalt project in Manitoba, Canada. After a brief interruption, drilling resumed in full swing. ynn Lake’s current drilling efforts are focused on priority exploration targets for the Fraser Lake Complex (FLC) 5 kilometers south of the Lynn Lake Mining Center.
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Xanadu raises cash for Mongolian exploration
Metals explorer Xanadu Mines is hoping to raise A$12-million to fund exploration work at its flagship Kharmagtai copper/gold project, in Mongolia.
Xanadu on Monday announced that it would issue 266.7-million shares, at a price of 4.5c each, in two tranches.
Hudson Resources restarts Greenland mine
Hudson Resources has signed a definitive agreement with its existing lenders Cordiant Capital Inc. and Romeo Fund to restructure the outstanding debts of the White Mountain Plagioclase Mine in Greenland and provide capital injections to ensure the future of the mine The stability.
Codelco to restart projects suspended because of coronavirus
SANTIAGO – Chile’s State-run miner Codelco, the world’s largest copper producer, said on Thursday it would restart operations and projects it had suspended due to the coronavirus pandemic, beginning next week.
The miner had been forced to delay several mine expansion projects as cases of the virus spread through its operations, though it has largely maintained output during the pandemic.
