Rio Tinto overhauls units, axes execs
Rio Tinto’s (ASX, NYSE, LSE: RIO) new CEO Simon Trott has launched a sweeping overhaul of the miner’s structure, consolidating operations into three core divisions while placing several non-core assets…
Africa
Ivanhoe maintains DRC zinc forecast, hits records
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says a program to remove constraints at its Kipushi zinc mine in the Democratic Republic of Congo was recently completed ahead of schedule and…
KoBold Metals granted DRC lithium exploration rights
KoBold Metals, the U.S.-based explorer backed by billionaires including Jeff Bezos and Bill Gates, has secured seven new permits to search for lithium and other critical minerals in the Democratic…
Guard killed in attack at Kodal’s Mali lithium mine
Kodal Minerals (LSE: KOD) confirmed on Tuesday that a security guard was killed in an attack on its Bougouni lithium mine in southern Mali on Aug. 22. Assailants on motorcycles…
Gemfields to auction huge 11,685-carat ‘buffalo’ emerald
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in…
Ivanhoe advances Kamoa drainage, plans forecasts
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says draining the East section of Kamoa-Kakula, Africa’s largest copper mine by output, should allow mining to restart early next year while it plans…
Iron ore prices gain after death halts Rio’s Simandou
Iron ore prices climbed to a one-week high on Monday after Rio Tinto (NYSE, LSE, ASX: RIO) suspended operations at its Simandou project in Guinea when an incident killed a…
First Quantum restructures debt
First Quantum Minerals (TSX: FM) says it’s restructuring its debt to take advantage of favourable bond markets. On Tuesday, the copper producer issued an update to its 6.875% 2027 senior…
Harmony Gold’s MAC Copper takeover OK’d
Harmony Gold’s (JSE: HAR; NYSE: HMY) acquisition of MAC Copper (NYSE: MTAL; ASX: MAC) has cleared the final regulatory hurdle after Australia’s Foreign Investment Review Board gave its approval of…
GoviEx lists on ASX, rebrands as Atomic Eagle
GoviEx Uranium (TSXV: GXU) has entered the Australian capital market by combining with ASX-listed shell company Tombador Iron (ASX: TI1) in a proposed reverse takeover that would see GoviEx end…
African Rainbow boosts Surge Copper stake to 19.9%
African Rainbow Minerals (JSE: ARI), controlled by billionaire Patrice Motsepe, has increased its stake by another 6.5% in junior Surge Copper (TSXV: SURG) which is developing the Berg project that…
Dubai firm offers $10M lifeline to Lucapa Diamond
Lucapa Diamond (ASX: LOM), which holds the Lulo alluvial mine in Angola and the Merlin project in Australia, has struck a rescue deal with a Dubai-based group that could pull…