Banro to sell Namoya mine in DRC on security concerns
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced…
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Coronavirus and copper: Don’t expect small SARS-like impact
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control. After bottoming…
Mitsubishi acquires 30% of Mantoverde copper mine
Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper’s Mantoverde mine and associated projects in Chile for US$263 million. MMC has been seeking to participate…
Lucara recovers 549 carat white diamond
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana. The mine — one of the world’s most prolific producers of large and high-value…
Shares of lithium miners off to the races
Shares in lithium producers soared on Tuesday with the sector getting caught up in the investor enthusiasm for electric vehicle pioneer Tesla. Tesla’s stock value has doubled since December, and…
Malaysia reverses production ban on bauxite
Malaysia is set to begin issuing bauxite mining licenses in early 2020, four years after it imposed a ban in response to environmental concerns. The Southeast Asian nation produced very…
Mining Hall of Fame awards gala welcomes four inductees
The Canadian Mining Hall of Fame welcomed four extraordinary individuals during the thirty-second annual induction ceremony in January at the Metro Toronto Convention Centre. Industry giants Jerry Asp, Alex Balogh,…
Ivanhoe boosts resource for Kamoa-Kakula in DRC
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has updated the resource estimate for its massive Kamoa-Kakula project in the Democratic Republic of Congo (DRC). Kamoa-Kakula — among the world’s largest copper…
BHP to supply desalinated water to Escondida
BHP’s (NYSE: BHP; LON: BHP) Escondida copper mine in Chile, the world’s largest, will stop drawing fresh water from the Atacama salt flat, using instead desalinated water brought from its…
Private capital raised for mining falls to eight-year low
Fundraising for mining and metals investment slowed dramatically in 2019, falling to an eight-year low, according to a new report by private capital tracker Preqin. Only four unlisted funds closed…
Update: Chinese GDP estimates decline on coronavirus
Uncertainty over the coronavirus outbreak — which has sickened 37,251 people in 25 countries and left 813 people dead (all but two of them in mainland China) as of Feb….
The Northern Miner Podcast – episode 172: Hans Lundberg, pioneer of geophysics in Canada
This episode features the induction of the late Hans Lundberg to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan….