Nevsun’s Bisha not going away any time soon
It looks like the Bisha zinc-copper mine in Eritrea is going to be around a little longer — or perhaps a lot longer than most would have expected, after its…
News
Pat Sheahan, John Kaiser team up for diamond service
As one of the only mining newsletter writers with a lasting interest in diamonds, John Kaiser has been receiving Pat Sheahan’s diamond literature service — a monthly PDF listing of…
Editorial: New DRC mining code comes into force
After months of outcry from foreign mining companies active in the Democratic Republic of the Congo (DRC), the new DRC mining code proposed in March was signed into law with…
CITIC buys 19.9% of Ivanhoe
CITIC Metal, subsidiary of Chinese company CITIC, will acquire a 19.9% stake in Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), making it the company’s largest single shareholder. The companies signed the…
Roxgold hits Q1 record high for gold production at Yaramoko
Roxgold (TSX: ROXG; US-OTC: ROGFF) has hit a record high for first-quarter production at its Yaramoko underground gold mine in southwestern Burkina Faso, 200 km southwest from the capital city…
TSX Venture falls, June 11-15
The S&P/TSX Venture Composite Index ended the trading week down once again, falling 2.6% to 754.4. Shares of Cantex Mine Development rose 18¢ to 33¢. The company said it…
TSX inches higher while gold dips, June 11-15
Canada’s benchmark index rose 0.68% to 16,314.42 during a mixed week. The S&P/TSX Global Mining Index fell 1.9% to 75.17. The S&P/TSX Global Gold Index rose 1.3% to 191.66, while…
De Beers taps blockchain tech to bolster consumer confidence
De Beers says its new blockchain technology, Tracr, will transform the diamond industry when fully implemented. “We believe that the blockchain technology has the potential to be transformative for the…
Eira Thomas takes the reins at Lucara
Lightning has struck more than once so far in Eira Thomas’s career of more than 25 years. The geologist famously spotted a nearly 2-carat diamond in drill core — an…
South32 offers US$1.3B for Arizona Mining
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for…
US markets little changed, June 11-15
The prospect of a wider trade war between China and the U.S. escalated during the trading week, as the Trump administration said it would impose a 25% tariff on up…
Resolute Mining to invest $21M in Orca Gold
African-focused gold miner Resolute Mining (US-OTC: RMGGF) is investing nearly $22 million in Orca Gold (TSXV: ORG: US-OTC: CANWF) in a two-tranche deal that Orca expects will close this July….