Low costs at Tenke Fungurume bolster Lundin
Lundin Mining (TSX: LUN; US-OTC: LUNMF) continues to be a market darling, largely because of its position in the world-class Tenke Fungurume copper mine in the Democratic Republic of the Congo.
Africa
Nevsun’s coffers swell as it shifts Bisha to copper
VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…
Roxgold completes Yaramoko feasibility study
A feasibility study on the 55 Zone of Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Yaramoko gold project located 200 km southwest of Ouagadougou in Burkina Faso improves on the results of a preliminary economic assessment delivered late last year…
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Semafo shows short term sacrifice pays off
Semafo (TSX: SMF) decided some short term pain would be worth the long term gain.
Drill results drive Roxgold’s shares higher
Roxgold (TSXV: ROG) is trying to define a second resource on its 100%-owned Yaramoko property in Burkina Faso’s Houndé greenstone region, and the latest drill results from the company’s QV1 target — about 1.8 km south…
Lucara’s Karowe mine proves to be a gem
Lucara Diamond (TSX: LUC) had a very good 2013 at its Karowe mine in Botswana, reporting annual financial results in February that exceeded expectations. The company reported revenues of US$180.5…
The state of global rough diamond supply in 2014
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…
Trafigura gives Mawson the money to build Kapulo copper mine in DRC
VANCOUVER — An offtake agreement with a US$50-million prepayment has given Mawson West (TSX: MWE; US-OTC: MWSWF) the funds it needs to finish building its Kapulo copper–silver mine in the Democratic Republic of the Congo.
Kinross cuts Tasiast expansion costs
Kinross Gold (TSX: K; NYSE: KGC) has slashed the projected start-up costs of a mill expansion project at its Tasiast gold mine in Mauritania by 41% to US$1.6 billion, as shown in a new feasibility study, but intends to wait until 2015 before…
Perseus puts out fireat Edikan in Ghana
A fire has put operations on hold at Perseus Mining’s (TSX: PRU; US-OTC: PMNXF) Edikan processing gold plant in Ghana, but the company says things are under control.
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.