Barrick, Newmont settle dispute with $1.9B deal
Nevada settlement clears a hurdle for Barrick’s North American IPO as rising costs and leadership scrutiny weigh on the miner.
Articles by Cecilia Jamasmie
Lupaka Gold lands $49M from Peru to settle dispute
Peru has paid most of arbitration award, clearing the way for the first contingent value rights distribution.
DRC probes how uranium ‘leaked’ into cobalt exports
The Democratic Republic of Congo is investigating uranium contamination in cobalt exports after researchers estimated that thousands of tonnes of the radioactive metal probably left the world’s largest cobalt-producing nation…
Codelco’s El Teniente setback deepens copper fears
Codelco’s decision to suspend development of the Andes Norte section at its flagship El Teniente mine could last as long as two years, according to a union leader, compounding production…
US-backed Orion eyes stake in Tanzania nickel mine
A deal would help Lifezone finance the $940 million Kabanga project and advance US efforts to secure critical minerals.
Fresnillo profit triples on gold, silver prices rally
Mexico-focused precious metals miner Fresnillo (LSE: FRES) says first-half profit tripled as higher gold and silver prices more than offset lower production.Net income surged to $1.46 billion from $467.6 million…
Kavango starts commissioning Zimbabwe gold mine
Kavango Resources (LSE: KAV) has begun commissioning its Hillside gold project in Zimbabwe after installing a 50-tonne-per-day processing plant, marking the transition from construction to live processing. Material has been…
Dirty gold overtakes cocaine as crime’s cash machine
Criminal groups continue to shift from cocaine to illegal mining as banks and governments scramble to close financial loopholes.
Gangs hijack Ecuador’s gold mining supply chain
Ecuador has elevated illegal mining to a national security threat after concluding that criminal gangs have infiltrated the country’s gold supply chain, from extraction to export, turning the sector into…
South32 breaks decade-long US permit curse in Arizona
South32‘s (ASX: S32) Hermosa zinc-silver project in southern Arizona has secured final federal approval in just over two years, becoming the first mining project to complete the US FAST-41 permitting…
De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE: AAL) nears a deal to…
First Quantum adds 1,000 jobs as Cobre Panama restart nears
First Quantum Minerals (TSX: FM) stepped up preparations to restart its Cobre Panama mine by beginning stockpile processing ahead of schedule and adding about 1,000 jobs. Formal negotiations with Panama…