Mining

Spot gold rose on Monday, recovering part of a steep fall in the previous session that had taken the metal to its lowest level in a year. And reporting, the slide had made October gold's weakest month in many years.

The facility is structured in a pair of tranches. The initial tranche would be used largely to repay existing debt, while an additional tranche is earmarked for the Rowan Project. Both are subject to conditions and approvals.

The government funding covers the analyser, accompanying equipment and ongoing servicing and maintenance. Geoscientists at the Geological Survey will use the instrument to analyse samples quickly and identify their mineral content, producing data that explorers can access at no charge. The aim is to …

Mayfair Gold announced that its wholly owned Fenn-Gib project, located in the Timmins region of Northern Ontario, has been designated under a whole-of-government framework that combines provincial permitting, authorisation and approval steps into a single coordinated timeline. Ontario's Ministry of Energy and Mines acts …

Nicola announced that it had completed the season's mining campaign at Dominion and delivered material to Merritt for processing. The material was described as high-grade mill feed, although the company has not published a mineral resource or reserve for the deposit in the disclosures …

Vale’s quarterly report, filed with the US Securities and Exchange Commission, showedNet Incomeattributable to shareholders fell sharply compared with the same period last year. Pro forma adjustedEarningsbefore interest, tax,DepreciationandAmortisationalso declined, which the company attributed mainly to lower iron ore fines prices and cost pressures.

The Supreme Court of Cassation rejected an appeal against a Milan court order requiring the blast furnaces at Taranto to close, citing health and environmental concerns. The judges described the lower court's ruling as correct and reasonable, leaving little room for further legal challenge.