AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Articles by Cecilia Jamasmie
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
AngloGold, Regis to take Havana gold mine underground
Tropicana gold mine partners Regis Resources (ASX: RRL) and AngloGold Ashanti (NYSE: AU; JSE: ANG) are going ahead with the A$114-million (US$76 million) Havana underground project in Western Australia. The…
Perseus ups stake in Guinea-focused Predictive Discovery to 19.9%
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is increasing its stake in Predictive Discovery (ASX: PDI), a BlackRock-backed company advancing the Bankan gold project in Guinea. The Perth-based…
Nexa Resources sells Peru copper asset for up to US$29.3M
Latin America-focused Nexa Resources (NYSE: NEXA) has sold its Pukaqaqa copper project in Peru to Canada’s Olympic Precious Metals for an initial US$4.3 million. The price tag could reach up to US$29.3 million…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Sovereign Metals touts ‘outstanding’ battery-grade graphite from Malawi project
Sovereign Metals (ASX: SVM; LSE: SVML) has reached a major milestone by confirming the battery-quality of graphite concentrate to be processed from its Kasiya project in Malawi. The Australian company…
Kodal Minerals to be first lithium producer in West Africa listed in London
Kodal Minerals (LSE: KOD) is set to become West Africa’s first London-listed lithium producer when its Bougouni project in southern Mali begins production, planned for this year’s fourth quarter. The…
Chalice reduces board, costs amid nickel slump
Australia’s Chalice Mining (ASX: CHN) is the latest nickel player forced to cut costs amid a sharp decline in the metal’s price. Chalice announced a series of measures on Friday…
Patriot Battery targets 400,000 tonnes per year at Quebec lithium project, PEA shows
Patriot Battery Metals (ASX: PMT; TSX: PMET) is targeting initial lithium production capacity of 400,000 tonnes of spodumene concentrate at its flagship Shaakichiuwaanaan project, formerly known as Corvette, in Quebec….
Lucara finds world’s 2nd largest diamond ever mined
Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492-carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined by size. The “epic” diamond, as…
SQM profit falls 63%, sees more weak lithium prices
Chile’s SQM (NYSE: SQM), the world’s second-biggest lithium producer, reported a sharp 63% decline in quarterly profit on the back of slumping prices of the key metal used in the…