Semafo rights the ship
Semafo (SMF-T) is bouncing back from a tough third quarter which saw production dip at its key mine in West Africa.
Africa
Lundin slips on three-year output guidance
Toronto-based Lundin Mining (LUN-T) dropped slightly after publishing its three-year production outlook for 2013 to 2015, as it lowered its estimates for copper, zinc and nickel from its previous guidance, but managed to keep them above 2012…
First Quantum adds heft to two Zambian projects
Proving that it isn’t entirely pre-occupied with a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) found the time to deliver some serious tonnage from two of its projects in Zambia.
Update: Keegan and PMI to become Asanko Gold
With capital being hard to come by, miners are turning to more creative ways to finance production.
Keegan and PMI merge to form Asanko Gold
Keegan Resources (KGN-T) and PMI Gold (PMV-T), who share a property boundary in Ghana, are tying the knot to form Asanko Gold.
Amara hedges its bets, not its gold
When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…
First Quantum produces first nickel at Kevitsa
First Quantum Minerals (FM-T, FQM-L) has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland. The wholly owned project is the company’s second major foray into nickel, following the 2011 relaunch…
Sunridge adds deposit to Asmara
Controlling a district rich with volcanic massive sulphides (VMS) has its advantages.
More headaches for Anglo American
Skyrocketing costs are eating into the pocketbooks of miners across the industry, and Anglo American (AAL-L, AAUKY-Q) is no exception.
Editorial: DRC on the edge
As we go to press, rebel fighters from the M23 group in the Democratic Republic of the Congo have pushed past Goma, the capital of North Kivu province, to the town of Sake, 20 km west, and claim they plan to march to Kinshasa, the…
Gold Fields reduces its SA risk, spins out two mines
Gold Fields (GFI-N) is lowering its South African risk by spinning out its wholly-owned subsidiary that holds the KDC and Beatrix gold mines in the country into a new firm called Sibanye Gold. While this may sound like a step in the right…
[Update] Inmet rejects First Quantum’s takeover bid
Shares of Inmet Mining (IMN-T) are still climbing after it made two separate announcements yesterday, indicating it has turned down a second takeover bid from First Quantum Minerals (FM-T) and has adopted a shareholder…