Glencore to mothball Mutanda
Low cobalt prices and higher taxes under the new mining code in the Democratic Republic of the Congo have combined to make Glencore’s (LON: GLEN) Mutanda cobalt and copper operation…
Africa
Semafo revises 2019 guidance after Mana pit-wall failure
Semafo (TSX: SMF) has cut 2019 production guidance for its Mana mine in Burkina Faso by 40,000 to 50,000 oz. gold, following a pit-wall failure in the northern part of…
Odds ‘n’ Sods: Rocks can talk
Rock is remarkable stuff. It lets you know when it’s not happy, and like the best of us, it gets stressed from time to time. When it gets very wound…
TSX Venture edges higher, July 22-26: Great Bear, Rio2, Jervois Mining
The S&P/TSX Venture Composite Index climbed 0.16% to 592.89 during the trading week. Drill results and exploration success at its Dixie project in the Red Lake district of Ontario sent…
Barrick sweetens Acacia buyout
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest bullion miner, is counting the days until it takes full control of its African subsidiary, Acacia Mining (LON: ACA). By now,…
Diamond exploration pioneer Chris Jennings sees past market gloom
When the Diavik diamond mine began production in 2004, there were likely more than a few miners that experienced deep pangs of regret, remembering that they could have had a…
Top-10 Canadian miners by market cap
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization, as of early July 2019. 1. Nutrien Market cap: $41.8 billion Nutrien (TSX: NTR; NYSE: NTR) is the…
Diamcor nears production announcement
Diamcor Mining’s (TSXV: DMI) Krone-Endora project isn’t a typical diamond development story. The project, next to De Beers’ Venetia mine in South Africa, is an eluvial deposit, representing a direct…
Q&A with De Beers’ Mpumi Zikalala
In February, De Beers announced it was consolidating its assets in South Africa and Canada into one entity called De Beers Group Managed Operations. At the same time, Nompumelelo (Mpumi)…
Lucara advances its Clara digital sales platform
Lucara Diamond’s (TSX-LUC) Karowe mine in Botswana continues to turn out enormous diamonds. The latest, in April, weighed in at 1,758 carats. While the diamond was recovered unbroken, the stone…
Gold industry needs to ‘get back to basics,’ Iamgold’s Letwin argues
At The Northern Miner’s Canadian Mining Symposium, held at Canada House in London, U.K., Iamgold (TSX: IMG; NYSE: IAG) president and CEO Steve Letwin spoke on gold. Below is the…
Glencore confirms 19 artisanal miners dead in DRC
Glencore (LON: GLEN) says 19 illegal artisanal miners have died, “with possible further unconfirmed fatalities,” when two galleries caved in at Kamoto Copper Co.’s KOV open-pit copper mine in the…