South32 sells aluminum businesses to Alcoa for $5.6B
Australia’s South32 (ASX: S32) has agreed to sell nearly its entire aluminum portfolio to Alcoa (NYSE: AA; ASX: AAI) in a deal valued at up to $5.6 billion (C$7.9 billion)….
Africa
Newcore drills above-reserve grade at Nyam
Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) has hit above-reserve-grade gold at depth at its Enchi project in Ghana, as it seeks to expand resources beyond the pits in a new…
$1B Senegal gold project lifts Fortuna’s Africa growth
A feasibility study for Fortuna Mining’s (TSX: FVI; NYSE: FSM) open pit Diamba Sud gold project in Senegal almost doubles its value, increases mine life and establishes probable reserves over…
Koryx Copper wins analyst support after Namibia assays
Analysts at BMO Capital Markets and Red Cloud Securities say Koryx Copper (TSXV: KRY; US-OTC: KRYXF) is rapidly emerging as one of Africa’s more attractive red metal development stories after…
Nigeria IDs critical minerals to shift from oil
Nigeria says it has found a significant critical minerals area as Africa’s largest oil producer seeks to diversify its economy and join the race to supply battery and technology metals…
Newcore Gold tanks as Enchi prefeasibility disappoints
Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) fell to its lowest level in 17 months after a prefeasibility study (PFS) for its Enchi project in Ghana delivered underwhelming economics despite underlying…
China blacklists US firms in rare earths war
China has imposed export controls on two American rare earth companies central to U.S. efforts to build alternative supply chains for critical minerals used in advanced manufacturing and defence. MP…
Guinea halts raw gold exports, seeks local refining
Guinea has banned the export of raw gold in an effort to raise domestic processing of metals, Africa-focused business news site Ecofin Agency reported Monday. President Mamadi Doumbouya announced the…
How an odd vision sparked South Africa’s latest zama zama illegal gold mining rush
A farm lying beside tailings from historical gold mines near Johannesburg has joined the legion of illegal mining sites in South Africa in an unusual way. It began with a…
Podcast: Gold bull market still intact, ft CPM Group’s Jeffrey Christian
This week’s episode features CPM Group Managing Partner Jeffrey Christian in conversation with host Adrian Pocobelli. Christian discusses the outlook for gold, currencies, and energy markets, explaining why he says…
Montage Gold boosts Koné resources by 58%
A resource update for Montage Gold’s (TSX: MAU; US-OTC: MAUTF) main Koné project in Côte d’Ivoire has expanded total contained gold by almost 58% and grades by 24% over the…
Petra Diamonds cuts threaten 1,800 jobs, union says
South Africa’s largest mining union says workers are being unfairly blamed for industry pressures as Petra Diamonds restructures its Finsch and Cullinan operations.