TSX falls during May 16-20 trading period
Over the May 16-20 trading period, the S&P/TSX Composite Index fell 8.8 points to 20,197.61. The S&P/TSX Global Mining Index increased 3.64 points or 3.3% to 109.01 and the S&P/TSX…
Africa
BSGR to pay Guinea US$5.6M after losing case over Simandou
BSG Resources, the mining arm of Israeli tycoon Beny Steinmetz’s empire, secured the rights to the vast Simandou iron ore project in Guinea through corrupt practices, and international tribunal has ruled. The…
Foxes add to Gold Fields’ headaches in Chile
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile,…
Electric vehicles surpass phones as top driver of cobalt demand
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the…
JV Article: Platinum Group Metals is at the vanguard of next generation lithium-ion batteries
The rise in the electric vehicle (EV) market share of the car industry is fuelling demand for the metals used in the lithium-ion batteries that power them. However, current lithium-ion…
Mining Indaba: The US touts green energy as the key to bridging Africa’s growth gap
The United States government’s initiatives to help address Africa’s power and growth gaps are increasingly hinging on boosting the continent’s ability to produce green energy and facilitate foreign investment, the…
Mining in Africa Snapshot: Eight companies to watch
Africa is home to bountiful reserves of metals such as gold, copper, and lithium. The continent also offers mineral exploration and development companies with large areas of underexplored terrain as…
Arc Minerals inks multi-million JV deal with Anglo American
Anglo American (LSE: AAL) has inked a joint venture deal with base-metals focused junior Arc Minerals (LSE: ARCMA) to explore for copper and cobalt in Zambia, marking the first new…
Mining Indaba: Global fractures over Russia-Ukraine war trigger big policy, market shifts – Veracity Worldwide
Russia’s war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week. Veracity…
Kinross reports ‘messy’ Q1 results as sale of Russian assets awaits approval
Kinross Gold (TSX: K; NYSE: KGC) says that the company is in “uncharted territory” regarding the closure of the sale of its Russian assets. In April, the company announced that…
Mining Indaba: Africa’s accelerated energy transition should leave no one behind
As the world pivots towards a green energy transition in the fight against climate change, Africa faces a generational opportunity to create new supply chains drawing upon its ‘Aladdin’s cave’-like…
Mining Indaba: African leaders talk up policy reform and regional cooperation
The Investing in Africa Mining Indaba heard that African leaders are waking up to the fact that the continent stands at the precipice of a generational opportunity to reinvent itself…