Could Aton’s Abu Marawat in Egypt surpass Sukari?
When former Egyptian president Gamal Abdel Nasser stood on the steps of the Alexandria Stock Exchange in July 1956 and declared he was going to nationalize the Suez Canal, a…
Africa
Kamoa-Kakula deal ‘pivotal,’ Friedland says
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) executive chairman Robert Friedland and CEO Lars-Eric Johansson held a conference call on Nov. 28 to share details on progress at the company’s three…
Rio Tinto faces scrutiny of African projects
Rio Tinto (NYSE: RIO) faces a new probe by U.S. regulators, according to the Financial Times. The London-based newspaper, quoting “sources close to the company,” reported that the U.S. Securities…
Randgold, Newcrest to team up in Côte d’Ivoire
Randgold Resources (NASDAQ: GOLD) and Newcrest Mining, two of the world’s leading gold mining companies, have signed a heads of agreement to negotiate a formal joint venture to explore areas…
Lucara’s cash position builds
Although it pulled its 1,109-carat Lesedi La Rona Type II gem from sale in June, after it fetched a high bid of US$61 million at a Sotheby’s auction, Lucara Diamond…
Lundin to sell Tenke stake to Chinese PE firm for US$1.1B
Six months after Freeport-McMoRan (NYSE: FCX) agreed to sell its 56% stake in the Tenke Fungurume copper-cobalt mine in the Democratic Republic of the Congo (DRC) to China Molybdenum, joint-venture…
Q&A: Decoding the diamond market
With a dismal 2015 in the rear-view mirror, the first half of 2016 saw surprisingly strong demand for rough diamonds. However, with new production coming online from several mines in…
Endeavour Mining says Ity may emerge as ‘flagship asset’
VANCOUVER — Endeavour Mining (TSX: EDV) is confident enough in its Ity gold mine in Côte d’Ivoire, West Africa, to start expansion next year. Recent exploration success, however, hints that the…
Lucara sees a strong finish to 2016
Lucara Diamond’s (TSX: LUC) third-quarter earnings slumped partly due to the timing of its sales, but it expects to catch up in the fourth quarter. Lucara — the operator of…
Editorial: The Clintons, Morocco and OCP
The usually low-profile mining industry first popped up in the high-stakes U.S. 2016 presidential election campaign a couple of years ago, with the New York Times’ revelations of former U.S….
Nevsun CEO talks Timok and future at Bisha
VANCOUVER — It’s been a busy year for Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) headlined by the US$440-million cash-and-share purchase of junior Reservoir Minerals and its stake in the emerging…
Mariana Resources acquires first African project
Mariana Resources (TSX: MRY) is on the verge of releasing a preliminary economic assessment of its Hot Maden joint-venture gold-copper project in Turkey and gearing up for a mid-year field…