La Mancha, a privately held investment company controlled by the family of Egyptian billionaire Naguib Sawiris — who earlier this month tweeted that he wants to buy an island in Europe to provide a home for refugees fleeing war-torn Syria…
For global gold miners, the emerging gold mining industry in Burkina Faso has been a wonderful success story of discovery and mine development in a land that until recently had little modern industry of any kind, or infrastructure.
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has partnered with Laurentian University in Sudbury and Limpopo University in South Africa to develop Limpopo’s geology department into a “centre of excellence in geosciences.”
Expatriate salary benchmarks in Africa are trending downward with a 10% drop in base salaries over the past year, according to research by our firm Globe 24-7, an African-specialist human resources consultancy.
VANCOUVER — Copper producers have seen margins come under pressure, as spot prices for the red metal hover near six-year lows well below the US$3 per lb. level over the medium-term. London-based Glencore (LSE: GLEN) is the latest miner to…
Glencore’s surprise decision to cut back its copper production coupled with stronger-than-expected Chinese copper import data have had a salutary effect on copper prices, which jumped 5% on Sept. 8 to record their biggest one-day…
VANCOUVER — West Africa-focused Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has been on the hunt for valuable oxide resources at its flagship Agbaou gold mine, 80 km south of Yamoussoukro, Côte d’Ivoire, and exploration results…
A year ago, South Africa’s Exxaro Resources (JSE: EXX; US-OTC: EXXAY) agreed to pay US$472 million to acquire 100% of Total’s (NYSE: TOT) South African thermal coal unit Total Coal South Africa Pty., which includes a majority…
Randgold Resources (NASDAQ: GOLD) is stepping up its exploration in Côte d’Ivoire.
It’s not every day a company in the mining sector say its project can deliver an internal rate of return (IRR) of more than 300%. But that’s what Gemfields (LSE: GEM) expects of its majority-owned Montepuez ruby deposit in…
VANCOUVER — An updated technical report filed by First Quantum Minerals (TSX: FM; US-OTC: FQVLF) on its 80% owned Kansanshi copper operations, 10 km north of Solwezi, Zambia, sent analysts scrambling to lower target share prices for the…
Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has…
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