By Reuters Staff
1 Min Read
(Reuters) - Canadian miner Sherritt International Corp on Tuesday named industry veteran Leon Binedell as its new chief executive officer, replacing David Pathe who had announced in November his decision to step down from the role.
The appointment of Binedell, who is set to take charge of the nickel and cobalt mining company from June 1, comes at a time when demand and prices for metals used in electric vehicles have surged.
Originally from South Africa, Binedell has worked in the mining industry for 25 years and was most recently the Chief Financial Officer at Canadian gold producer Guyana Goldfields Inc.
By Chuck Chiang | May 13, 2021, 10:05am
Imperial Metals Red Chris copper-gold mine in northwest B.C. | BIV files
The Canadian mining sector became the country’s top target market for inbound foreign direct investment (FDI) from the Asia Pacific region in 2020, the result of a COVID-induced slowing of the perennial front-runner (energy) and the sector’s resilient reputation.
That’s the finding of the Asia Pacific Foundation’s Investment Monitor 2021 report, which saw the mining sector attract 13 FDI deals valued at $1.13 billion – accounting for 14% of all FDI inflow into Canada from the Asia Pacific region.
The number was driven by two major deals: an Australian company’s $495 million purchase of the Red Lake Gold Mine complex and a Chinese firm’s $323 million acquisition of Guyana Goldfields and Aranka Gold. The deals also place mining second overall in attracting Asia-Pacific FDI since 2003 with $35.9 billion. That is behind on
Toronto, Ontario–(Newsfile Corp. – May 12, 2021) – Satori Resources Inc. (TSXV: BUD) (“Satori” or the
“Company”) is pleased to announce that Mr. Ron Stewart, a capital markets professional and technical mining advisor, has joined Satori’s team, bringing a perspective that will be instrumental in Satori’s growth plan. He will provide an interface between Satori and the mining and mining finance community, particularly during this time when the Company is focused on advancing its 100% held past producing Tartan Lake Gold Mine Project in Flin Flon, Manitoba.
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Satori Resources Inc.: Satori Appoints Ron Stewart as Technical and Corporate Advisor
Toronto, Ontario (Newsfile Corp. - May 12, 2021) - Satori Resources Inc. (TSXV: BUD) ( Satori or the Company ) is pleased to announce that Mr. Ron Stewart, a capital markets professional and technical mining advisor, has joined Satori s team, bringing a perspective that will be instrumental in Satori s growth plan. He will provide an interface between Satori and the mining and mining finance community, particularly during this time when the Company is focused on advancing its 100% held past producing Tartan Lake Gold Mine Project in Flin Flon, Manitoba.
Mr. Stewart is a mining professional with over 30 years experience in mineral exploration, feasibility studies, mine development, underground and open pit operations. Ron also brings a wealth of capital markets experience, having held positions as a mining analyst and investment banker for Dundee Securities, Clarus Securities, and Macquarie Ca
Gran Colombia Gold (TSX: GCM) is acquiring
Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a
three-way merger proposal that included Guyana Goldfields was scuttled last year by
The combination of assets – Gran Colombia’s producing Segovia operations and Gold X’s Toroparu advanced gold project in Guyana – would create a new “Latin American-focused growth platform.”
Highlights of the transaction include an enhanced balance sheet and access to capital (the combined company would have $100 million in cash), and greater market visibility and interest. Both Segovia and Toroparu also have significant growth and exploration potential.
Gran Colombia already owns an 18% stake in Gold X. The offer implies a 39% premium based on the closing price of Gold X shares on Mar. 12.