Alkane to acquire Mandalay Resources in $358M deal
The merged company will operate under the Alkane Resources name and expects to produce 160,000 gold-equivalent ounces in 2025.
Articles by Cecilia Jamasmie
US-Ukraine minerals deal could be signed within days
Ukraine and the United States could sign a long-awaited minerals agreement as early as this week, after Kyiv announced that previous U.S. military aid would not be counted against the…
South Africa blocks Kropz bid to mine in national park
Kropz had applied in March to extract phosphate from land within the West Coast National Park.
Atlantic Lithium asks Ghana for tax relief to save mine
Australia’s Atlantic Lithium (ASX: A11) has appealed to the Ghanaian government for fiscal concessions to keep its Ewoyaa lithium project afloat, warning that the collapse in lithium prices has put…
US offers $190M to Victory Metals rare earths project
Victory Metals (ASX: VTM) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for up to $190 million (A$292 million) in financing to develop…
Barrick sells Donlin stake to Paulson, Novagold for $1B
Canada’s Barrick Gold (TSX: ABX; NYSE GOLD) is exiting the Donlin Gold project in Alaska by selling its 50% stake for US$1 billion (C$1.38 billion) to hedge fund billionaire John…
Northern Star nears final hurdle in De Grey takeover
Shareholders of De Grey Mining voted overwhelmingly in favour of a buy-out by Australia’s largest gold producer Northern Star Resources.
BHP OK’d to run Mt Arthur to 2030, eyes hydro future
BHP will run the mine for four additional years and may convert it into a pumped hydro facility to support a post-coal future.
Kodal clears key permit hurdle for Mali lithium mine
Kodal Minerals (LSE: KOD) has successfully transferred the Foulaboula exploitation permit —a key mining licence for its Bougouni lithium project in Mali — to its subsidiary, Les Mines de Lithium…
MinRes board rocked as investigating directors resign
Shares in Australia’s Mineral Resources (ASX: MIN) dropped 9% on Wednesday after two board members, who also sat on the corporate governance committee set up to investigate the company’s founder,…
First Quantum buys into Prospect to spur Zambia copper
Canada’s First Quantum Minerals (TSX: FM) is acquiring a 15% stake in Prospect Resources (ASX: PSC), a battery and electrification metals developer based in Australia, as it deepens its presence…
Antofagasta to invest $200M in Cachorro copper project
Chilean miner Antofagasta (LSE: ANTO) has earmarked $200 million over seven years for a new exploration stage at its Cachorro copper project in the country’s north. The move follows the…