Robex files prospectus for $77M Australia IPO
Canadian miner Robex Resources (TSX: RBX) filed a prospectus with Australian securities regulators for an estimated A$120 million (US$77 million) initial public offering that will help pay for a new…
Africa
Alphamin cuts tin forecast 12% amid DRC unrest
Alphamin Resources (TSXV: AFM) has lowered its full-year tin production forecast by 12% to 17,500 tonnes due to recent conflict-related disruptions at its Bisie mine in eastern Democratic Republic of Congo….
Awalé logs strong results at Newmont-backed project
Drilling at Awalé Resources’ (TSXV: ARIC) Odienné copper-gold project in Côte d’Ivoire has returned results as high as 26 metres grading 12 grams gold per tonne, the company reported Thursday….
Kodal clears key permit hurdle for Mali lithium mine
Kodal Minerals (LSE: KOD) has successfully transferred the Foulaboula exploitation permit —a key mining licence for its Bougouni lithium project in Mali — to its subsidiary, Les Mines de Lithium…
Paladin faces irate investors in class action
Paladin Energy (ASX, TSX: PDN, US-OTC: PALAF) says it will challenge a class action suit in Australia alleging the uranium producer’s output forecast misled investors. The case filed with the…
Fire shuts Kinross’ Tasiast mill in Mauritania
Kinross Gold (TSX: K; NYSE: KGC) has temporarily suspended mill operations at its Tasiast project in western Mauritania after a fire in the mill on Monday which has been extinguished,…
First Quantum buys into Prospect to spur Zambia copper
Canada’s First Quantum Minerals (TSX: FM) is acquiring a 15% stake in Prospect Resources (ASX: PSC), a battery and electrification metals developer based in Australia, as it deepens its presence…
Gold Fields to shut Damang after Ghana denies lease
Gold Fields (JSE, NYSE: GFI) will cease operations at its Damang mine in Ghana after the government rejected the company’s application to extend the site’s lease expiring on Friday. The…
PDAC video: Newcore Gold expands drill program for Enchi resource upgrade, CEO says
Newcore Gold (TSXV: NCAU; OTCQX: NCAUF) has increased its drilling to 35,000 metres at the Enchi gold project in Ghana, CEO Luke Alexander says in a video interview. Upgraded and…
PDAC video: Gabon’s Millennial Potash aims to become Africa’s first potash miner, CEO says
Millennial Potash (TSXV: MLP; OTCQB: MLPNF) wants to double its initial resource at the Banio potash project in Gabon, chairman Farhad Abasov said in a video interview. The company also…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Alphamin to resume Congo tin mine, shares rally
Alphamin Resources (TSXV: AFM) says it will resume operations at its flagship tin mine in the Democratic Republic of Congo as security concerns ease with reports of the African nation…