Fortuna buys 15% of Awalé Resources
Awalé Resources (TSXV: ARIC) has been given a $8.26 million (US$6 million) investment boost from Fortuna Mining (TSX: FVI; NYSE: FSM) to support its exploration activities in Côte d’Ivoire, sending…
Africa
Diamond mining industry cracks under pressure
The global diamond industry is rapidly collapsing, with plunging revenues, halted operations, and doubts about its relevance.
Anglo American’s platinum spinoff debuts as Valterra
Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo…
Terra Metals, Metalex in $100M Zambia deal
U.S.-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized talks on the creation of what they call a “new copper and cobalt production powerhouse” in…
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
Barrick fights Mali bid to control Loulo-Gounkoto
Canadian gold giant Barrick (TSX: ABX; NYSE: B) is pushing back against an attempt by the Malian government to wrest control of the Loulo-Gounkoto mine complex away from the company….
Sibanye-Stillwater rescues all 260 trapped at Kloof
All 260 employees of Sibanye-Stillwater (JSE: SSWJ; NYSE: SBSW) that were trapped underground at the precious metals producer’s Kloof 7 mine were safely returned to the surface on Friday night….
Sibanye-Stillwater rushes to rescue 260 trapped miners
Precious metals producer Sibanye-Stillwater (JSE: SSWJ; NYSE: SBSW) confirmed Friday that nearly a third of 260 workers trapped underground at its Kloof gold mine, about 60 km west of Johannesburg, South…
Ivanhoe, Zijin in spat over quake impact on Kakula
Ivanhoe Mines (TSX: IVN) on Friday disputed a statement by its Chinese partner, Zijin Mining, regarding operational issues at their jointly owned Kakula copper mine in the Democratic Republic of…
China rules critical mineral despite efforts: IEA
A new report by the International Energy Agency paints a sobering picture of the global push to secure critical minerals as nations are forced to navigate through high geopolitical tensions…
Friedland’s Ivanhoe Atlantic urges US to list iron ore as critical mineral
Mining billionaire Robert Friedland’s latest venture, Ivanhoe Atlantic, is reportedly lobbying the U.S. government to add high-grade iron ore to the country’s list of critical minerals. The move aims to…
Earthquake reduces Ivanhoe’s Kakula output
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) temporarily suspended its Kakula underground operations in the Democratic Republic of Congo due to seismic activity. There were no injuries and mills restarted at…