Editorial: Diamond market in wait-and-see mode
The response of diamond miners to the decline in rough prices over the past year — they’ve fallen around 16%, according to the WWW rough diamond index — has been…
Africa
Aberdeen shifts strategy and focus
For most of its corporate history, Aberdeen International (TSX: AAB) has taken minority, non-controlling equity stakes in mostly public junior mining companies, along with a small contingent of private companies.
Site Visit: Cupric’s ‘paradigm changer’ in the Kalahari
MAUN, BOTSWANA — When an all-star mining team with an ample exploration budget arrives in a supportive, mineral-rich jurisdiction, exciting transformations are bound to happen. Cupric Canyon Capital’s Khoemacau copper-silver…
Sibanye Gold dives headlong into platinum
In less than a month, South African miner Sibanye Gold (NYSE: SBGL) has announced two acquisitions that will make it a big player in the platinum market, and the fifth-largest PGM producer in the world.
Tycoon takes 9.9% stake in Teranga Gold
David Mimran — a financier, Hollywood movie producer and CEO of his family’s Mimran Group, whose wealth stems from agri-industry (flour, sugarcane, grain, animal feed) to banking, shipping and real estate — has taken a 9.9%…
Morocco’s OCP aims to dominate phosphate industry
MARRAKESH, MOROCCO — It’s hard not to be struck by the juxtaposition of tradition and progress when sitting in the back of a worn taxi cab winding its way through the maze-like confines of the medina quarter in the high-profile…
Editorial: World’s biggest gold miners reap benefits of renewed discipline
Listening to the CEOs of the world’s largest gold miners at this year’s annual Denver Gold Forum in September, you couldn’t help but notice they all sang off the same songsheet, despite the challenges of their individual…
Randgold, AngloGold to revive Obuasi
In what would become their third partnership in a decade, Randgold Resources (LSE: RRS; NASDAQ: GOLD) and AngloGold Ashanti (NYSE: AU) have signed an investment agreement to consider setting up a joint venture that would redevelop and operate…
Sherritt scraps dividend, moves to protect liquidity
David Pathe, president and CEO of Sherritt International (TSX: S), did not mince words when he said the company needed to take action to protect its balance sheet so that it could withstand lower commodity prices, with “more than 60% of…
Sawiris-backed La Mancha to acquire 30% of Endeavour Mining
La Mancha, a privately held investment company controlled by the family of Egyptian billionaire Naguib Sawiris — who earlier this month tweeted that he wants to buy an island in Europe to provide a home for refugees fleeing war-torn Syria…
Editorial: Burkina Faso rattled by coup
For global gold miners, the emerging gold mining industry in Burkina Faso has been a wonderful success story of discovery and mine development in a land that until recently had little modern industry of any kind, or infrastructure.
Ivanhoe sparks Laurentian-Limpopo partnership
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has partnered with Laurentian University in Sudbury and Limpopo University in South Africa to develop Limpopo’s geology department into a “centre of excellence in geosciences.”