Congo to OK first mine sale in US deal
The Democratic Republic of Congo (DRC) is reportedly ready to approve the sale of Chemaf to U.S.-based Virtus Minerals, advancing a strategic minerals partnership between Washington and the African nation…
Africa
Orion’s largest fundraising lifts total past $9B
Orion Resource Partners has completed the final close of its Mine Finance Fund IV at $2.2 billion, representing its biggest fundraising to date. Pension funds, sovereign wealth funds and other…
Falcon seeks $100M from Guinea in World Bank court
Falcon Energy Materials (TSX-V: FLCN) filed a $100-million (C$136-million) arbitration claim against Guinea, alleging that the West African nation illegally expropriated the company’s Lola graphite project. Abu Dhabi-based Falcon said…
Investors prefer North America to Africa: Sprott chief
Rising gold and silver prices – and the resource nationalism they have fuelled in some African countries – are making North American mines and projects more attractive to global miners amid a search for stable operating environments, says Sprott Asset Management’s chief investment officer. …
Oil shock could sharply raise mining costs: BMO
If crude hits $100 a barrel, mining costs could rise about 20% for iron ore, 16% for copper and 9% for gold.
Spotlight: Global precious metals exploration – Part 2
Record precious metal prices are driving global exploration for gold and silver. Here’s a list of four more companies to keep an eye on. Mayfair Gold Mayfair Gold (TSXV: MFG; NYSE-A: MINE) is focused on…
Endeavour Mining reports fatality at Burkina Faso mine
Endeavour Mining (LSE, TSX: EDV) says a contractor died last Friday at its Mana mine in Burkina Faso due to injuries sustained during maintenance activities. Mining and processing operations on…
Spotlight: Global Exploration – Part 2
Exploration is the lifeblood of the world’s metal supply but economic deposits are becoming harder to find and sometimes even harder to exploit. Here’s a look at four more companies determined to find the mines we…
Shorter commodity cycles reshaping trading, value: McKinsey
Shorter, more frequent commodity volatility cycles are reshaping global trading strategies and concentrating value among the most sophisticated players, according to new analysis from McKinsey & Company. The report finds…
PDAC: Secure uranium sources key to fixing supply gap
Western countries will have to look at developing more domestic or allied sources of uranium if rising demand in the next 15 years continues to exceed supply, a panel at…
Zimbabwe export ban a temporary dent on lithium supply, says Fitch’s BMI
While Zimbabwe’s ban on raw materials exports is expected to tighten the global lithium market, its impact would not be as prolonged or profound as the Democratic republic of Congo’s…
PDAC: Ex-Resolute CEO chills out in Arctic after Mali nightmare
When Terry Holohan was confined for 13 days in Mali by junta officials seeking millions from the company he led, Resolute Mining (ASX, LSE: RSG), he had reason to wonder…