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Orezone Gold Moves Closer to Gaining Permits for Bomboré Project

Orezone Gold has made further progress at its Bomboré gold project in Burkina Faso, announcing Wednesday that it's submitted a mining permit application to the government there. The application package includes both an environmental and social impact assessment as well as a relocation action plan for local residents that will be affected by the development.

China’s Zijin Mining Spending Big on Copper and Gold

Zijin Mining is the China's most valuable gold producer, and the company looks to be investing more and more in mining projects outside of the country. It's putting up US$412 million for 49.5 percent of Ivanhoe's Kamoa copper project in the DRC and is buying 50 percent of Barrick Gold's Porgera gold mine in Papua New Guinea for $298 million.

Cowal Mine Sale a Plus for Both Barrick and Evolution Mining

Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.

Next Frontiers for Over-globalized Mining Industry: Canada and US

Excessive global expansion by North American miners over the past several years has exposed companies to unnecessary risks and large, unexpected losses. In search of more stable political environments, companies are returning home to Ontario and Quebec, while places like Washington state, California and Oregon are attracting new investment for the first time in decades.