FirstRand bank to scrap loans to new coal mines, plants from 2026
It makes it one of only two big South African lenders to close the door on funding for such activities altogether.
Fast News
Chile lowers copper price estimate for 2021 on lower demand, US stimulus
Chile’s copper commission Cochilco has revised down its average copper price forecast for the year to US$4.20 per lb. from a previous estimate of US$4.30 per lb. on the back of slowing…
Osisko confirms new high-grade zone near Windfall
Osisko Mining (TSX: OSK) has drilled 2 metres grading 67.1 grams gold per tonne and 2.2 metres at 38.67 grams gold per tonne at the Golden Bear discovery, 1,000 metres…
Petra Diamonds mulls selling Tanzania’s Williamson mine
South Africa’s Petra Diamonds (LSE: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half…
Artemis Gold feasibility study outlines $645M initial capex for Blackwater in BC
Artemis Gold (TSXV: ARTG; US-OTC: ARGTF) has released a feasibility study for its Blackwater gold project, 150 km southwest of Prince George, B.C. The numbers give it a net present…
SSR Mining drills high grade gold at Seabee
SSR Mining (TSX: SSRM; NASDAQ: SSR; ASX: SSR) says it is drilling excellent grades and long intercepts at its Seabee gold operation, 125 km northeast of La Ronge, Saskatchewan. The…
Rupert Resources completes first resource estimate on Ikkari
In less than 18 months from drilling the discovery hole, Rupert Resources (TSXV: RUP) has released its first resource estimate on the Ikkari gold deposit, part of its Rupert Lapland…
Export credit agencies provide funds for Horizonte’s Araguaia project
Horizonte Minerals (TSX: HZM; LSE: HZM) has nailed down US$146.2 million from export credit agencies in Denmark and Finland to partly fund construction of its 100%-owned Araguaia ferro-nickel project in…
OceanaGold to restart Didipio mine earlier than expected
It expects to have 65% of the total workforce in place by the end of September and about 90% by the end of the year.
Condor Gold charts two options for mining La India
Condor Gold (TSX: COG; LSE: CNR) has outlined two mining scenarios in an updated technical study for its flagship La India gold project in Nicaragua, both of which anticipate robust economics. The preliminary economic assessment prepared…
Lucara approves $514M Karowe mine expansion
Lucara Diamond (TSX: LUC) has announced that its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based…
Asante Gold outlines plan to fast-track Bibiani to production
Asante Gold (TSXV: ASE), a pure gold exploration and development company, has outlined plans to fast-track its newly added, past-producing Bibiani gold mine in Ghana into production. The Vancouver-based company, which completed the…