Montage worker dies in Côte d’Ivoire project accident
Montage Gold (TSX: MAU; US-OTC: MAUTF) says a worker died Thursday following an accident at the company’s Koné project in Côte d’Ivoire. Construction activities at the site resumed Friday after…
Africa
Copper-nickel hits hint at NexMetals’ Selebi potential
Results from NexMetals Mining’s (TSXV, Nasdaq: NEXM) Selebi North project in eastern Botswana have extended the South Limb’s mineralization by 35% beyond last year’s resource estimate. Shares of the company…
De Beers strikes first kimberlite find in 30 years
De Beers and its state-owned joint venture partner in Angola, Endiama, have discovered a new kimberlite field, the diamond giant’s first such discovery in three decades. The world’s largest diamond…
Lifezone secures $60M bridge loan for nickel project
Lifezone Metals (NYSE: LZM) said Monday it has secured a $60 million bridge loan from Taurus Mining Finance Fund to fund early works and infrastructure development at its flagship Kabanga…
Desert Gold dodges Mali risk with low-cost project
Desert Gold Ventures (TSXV: DAU; US-OTC: DAUGF) is proposing a modest project compared to peers in junta-led Mali to build on smaller costs and scale. Named after the Senegal Mali…
Guinea squeezes Emirati-owned bauxite miner
Guinea, the world’s top exporter of bauxite, has revoked the mining title of Emirates Global Aluminium’s GAC subsidiary and awarded it instead to a new local entity – a move…
Glencore says DRC cobalt stockpile has ‘no impact’
Glencore (LSE: GLEN), the world’s second-largest cobalt producer, says its growing stockpile of unsold cobalt won’t materially affect the company as it contends with export restrictions in the Democratic Republic…
First Quantum scores $1B Royal Gold streaming deal
Canadian miner First Quantum Minerals (TSX: FM) has secured a $1-billion (C$1.38 billion) gold streaming deal with a subsidiary of Royal Gold (Nasdaq: RGLD), the companies announced Tuesday. The agreement…
Fortuna rises on larger gold resource in Senegal
Fortuna Mining (NYSE: FSM; TSX: FVI) has boosted the resource for its Diamba Sud gold project in Senegal ahead of a preliminary economic assessment (PEA) later this year. The project…
Southern Copper, Freeport-McMoRan top U.S. peers as steelmakers retreat
Global miners Southern Copper (NYSE: SCCO), Freeport-McMoRan (NYSE: FCX) and Newmont (NYSE: NEM) once again topped their U.S. peers for market capitalization and earnings while several steelmakers had a down…
Ivanhoe’s Friedland raises Kamoa-Kakula cost outlook
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has started a second stage of dewatering Kamoa-Kakula, Africa’s largest copper operation, but increased its production cash cost forecast by 12%. Two submersible…
Endeavour lifts H1 output 38% on ramp-up, expansion
Africa-focused Endeavour Mining’s (TSX, LSE: EDV; US-OTC: EDVMF) gold output jumped by more than a third in the first half of the year to June 30, reflecting recent mine expansions…