A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.
VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.
Canada’s main stock index closed lower, with the S&P/TSX Composite Index slipping 0.8% to 13,324.67. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.4% to 348.96. The S&P/TSX Global Gold Index, however, gained…
Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest-cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it.
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
VANCOUVER — Uranium prices have taken a beating over the past few years, but Australia-based Bannerman Resources (TSX: BAN; US-OTC: BNNLF) hasn’t lost faith in its wholly owned Etango open-pit asset, 38 km from the coastal town…
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.
Iamgold (TSX: IMG; NYSE: IAG) had a messy third quarter — widening its adjusted loss on the back of lower gold sales — but it has cut its operating costs, leaving analysts questioning if the company’s focus on cash…
Canada’s benchmark index posted a triple-digit loss on the back of lower crude and metal prices. The S&P/TSX Composite Index fell 3%, or 431.6 points to 13,127.18 — its lowest level in over six weeks. The S&P/TSX Capped…
After the excess investment and focus on production volume during the commodities supercycle, the new mantra of the mining sector is all about productivity.
Matthew Keevil’s report from Marrakesh entitled “Morocco’s OCP aims to dominate phosphate industry” (T.N.M., Oct. 12-18/15) is a fine, incisive article and one deserving of wide reading.
Technologies in renewable energy sources such as wind, solar, hydroelectricity and bioenergy are improving, making them cheaper and attractive. However, lower commodity prices and tighter margins are among the barriers miners face when adopting…
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