Sibanye tables US$383M bid for Lonmin
VANCOUVER — South Africa’s Sibanye-Stillwater (NYSE: SBGL) has launched a US$383-million, all-share bid for debt-heavy peer Lonmin (LON: LMI; US-OTC: LNMIY). If the deal closes, it would be Sibanye’s fourth…
Africa
Roskill’s Jack Bedder peers into cobalt crystal ball
Cobalt has more than doubled in price from US$14.75 per lb. in late December 2016 to over US$30 per lb., making it one of the top performing metals this year….
Diamond market slows after strong recovery
A strong recovery followed an industry-wide diamond inventory buildup in 2014-2015 and another slide after India’s demonetization in late 2016. However, lately, the diamond industry’s momentum has begun to stall….
US markets slip slightly, Nov. 13-17
Gold closed Friday at US$1,293.40 per oz., up US$18.50 per ounce. The Philadelphia Gold and Silver Index rose 0.35% to 80.88 while the Dow Jones Industrial Average slipped 0.27% to…
Lucara sells Lesedi La Rona diamond for US$53M
Lucara Diamond (TSX: LUC) has sold the 1,109-carat Lesedi La Rona stone recovered from its Karowe mine for US$53 million, or US$47,777 per carat. The sale, made to British jeweller…
Asanko cuts 2018 production guidance
Asanko Gold (TSX: AKG; NYSE-AM: AKG) is not going to meet its 2018 production guidance at its gold mine in Ghana, the company disclosed in a recent site visit presentation….
TSX rises slightly, Oct. 30-Nov. 3
Canada’s benchmark index rose 0.42% to finish the trading week at 16,020.16. The S&P/TSX Gold Mining Index and the S&P/TSX Global Gold Index posted incremental gains, rising 0.42% to 68.01…
Site visit: Orca poised to succeed in Sudan
ABU HAMAD, SUDAN — It’s easy to tell when and where it last rained in the Nubian Desert. Grass sprouts up within a couple days and lasts as long as…
Barrick, Acacia struggle to find common ground in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has proposed a framework to resolve a three-month dispute with the government of Tanzania. It appears that management at Acacia Mining (LON: ACA),…
US markets falter, Oct. 16-20
Gold closed at US$1,280 per oz., down US$23.30 per ounce. The Philadelphia Gold and Silver Index dropped 2.61% to 85.01, while the Dow Jones Industrial Average stayed strong, rising 2%…
SEC charges Rio Tinto with fraud
The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets…
The Northern Miner podcast – episode 77: What’s up with the Witwatersrand?
This week we’ve got a geological bonanza, as Lesley chats with Hartwig Frimmel about the genesis of the Witwatersrand (Wits) gold deposit in South Africa. The geological anomaly has received…