Gem Diamonds’ Letšeng mine yields 212.9-carat stone
Africa-focused miner Gem Diamonds (LSE: GEMD) has found yet another big precious stone at its prolific Letšeng mine in Lesotho, the third greater than 100-carat diamond mined in September. The…
Fast News
Urbix gets US$125M government grant for Alabama graphite plant
Urbix, a company testing battery material production in the southern United States, has landed a US$125 million grant from the U.S. Department of Energy to build a new graphite processing…
West Red Lake Gold begins test mining at past-producing Madsen
The program will run for four months to support restarting production next year.
Asante Gold grows Bibiani output with third satellite pit
Asante Gold (CSE: ASE) has begun mining from the Russel starter pit at its Bibiani gold mine in Ghana, after receiving all necessary permits earlier this week. The company is…
AMG Critical Materials opens Europe’s first lithium hydroxide refinery
AMG Critical Materials has opened Europe’s first lithium hydroxide refinery in Saxony-Anhalt, Germany. The refinery, where commissioning of the first of five modules planned for its site has begun, is…
Fed cuts rate by 0.5%, gold rises
The United States Federal Reserve lowered its benchmark interest rate by 50 basis points to a range of 4.75% to 5% on Wednesday as the majority of analysts expected. Gold…
Wheaton Precious Metals unveils US$1M tech challenge
Wheaton Precious Metals (TSE: WPM) and Foresight Canada are launching the Future of Mining challenge, offering a US$1-million prize for groundbreaking technology. The competition, which is open to cleantech companies from…
Gem Diamonds unearths 126.2-carat stone from Letšeng mine in southern Africa
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed yet another large white diamond at its prolific Letšeng mine in Lesotho. The 126.21 carat type II white diamond is the 12th greater…
First Quantum to begin US$3.5B Taca Taca copper project build in Argentina next year: report
First Quantum Minerals (TSX: FM) plans to start of construction of its US$3.5-billion Taca Taca copper project in Salta province next year, according to Rumbo Minero International. According to the…
Navoi earmarks US$23M to expand Muruntau gold mine
Uzbekistan’s Navoi Mining and Metallurgical Co. is investing US$23 million to expand its flagship Muruntau gold mine in the country. Navoi is currently ranked as the fourth-largest gold mining company…
Ivanhoe Electric completes mineral rights buy at Santa Cruz copper project
Ivanhoe Electric (TSX: IE; NYSE-AM: IE) now has full ownership of the mineral rights at its Santa Cruz copper project in Arizona after making a $10-million payment. The mineral rights…
Victoria Gold CEO says company won’t fold, contamination minor
Victoria Gold (TSXV: VGCX) says the danger of major contamination from its Eagle mine in the Yukon has passed and the company is financially solvent for now. CEO and president…