Angola challenges Botswana in De Beers bid
Angola’s state diamond company Endiama has submitted a formal bid for Anglo American’s (LSE: AAL) majority stake in De Beers, in a sharp shift from its earlier position of seeking…
Africa
Platinum price hits five-year high
Platinum prices have surged to their highest level in five years as global supply tightens and investors position ahead of policy changes in China. The spot platinum price was $1,658.68…
Colombia deals new blow to contentious $1.4B AngloGold copper project
Colombia’s National Mining Agency (ANM) has rejected AngloGold Ashanti’s (JSE: ANG; NYSE: AU; ASX: AGG) request to suspend its contractual obligations for the stalled $1.4-billion Quebradona copper-gold project, deepening the…
Appian, World Bank unit start $1B critical minerals fund
U.K. private-equity firm Appian Capital Advisory is teaming up with the World Bank-owned International Finance Corporation (IFC) to start a $1-billion critical minerals, metals and mining fund that will be…
Congo rebels steal $70M in gold from Twangiza mine
Rebels occupying Twangiza Mining’s gold concession in eastern Democratic Republic of Congo (DRC) have reportedly looted at least 500 kg of bullion, worth about $70 million at current prices, the…
Kodal begins lithium exports from Mali
Kodal Minerals (LSE: KOD) has dispatched the first truckloads of lithium spodumene concentrate from its Bougouni mine in southern Mali to the port of San Pedro in Côte d’Ivoire, marking…
Friedland says global economy faces copper crisis
Global demand for copper is accelerating toward levels that could outstrip supply within two decades, creating what industry veteran Robert Friedland calls a once-in-history challenge for the world economy. Over the next…
Anglo American, Arc Minerals end Zambia venture
Anglo American (LSE: AAL) and junior partner Arc Minerals (LSE: ARCMA) have ended their copper and cobalt exploration joint venture in Zambia by mutual agreement, marking the close of Anglo’s…
NextSource says graphite operations not impacted by political unrest in Madagascar
NextSource Materials’ (TSX: NEXT) graphite mining operations in southern Madagascar have not been impacted by the ongoing political situation, and shipments of its graphite products are proceeding as planned, the…
Petra Diamonds seeks $25M lifeline as market slumps
Africa-focused Petra Diamonds (LSE: PDL) has launched an £18.8-million (US$25-million) rights issue as part of a crucial refinancing strategy aimed at keeping the Africa-focused miner afloat during a severe downturn…
Illegal miners kill two cops at Gemfields ruby mine
Two police officers were killed earlier this week during an attack at Gemfields’ (LSE: GEM; JSE: GML) Montepuez ruby mine in northern Mozambique. About 40 illegal miners marched on the…
TNM names 2025 award winners: Clive Johnson, Bruno Lemelin and Pierre Lassonde
The Northern Miner has chosen Clive Johnson, CEO of B2Gold (TSX: BTO; NYSE-A: BTG), as its Person of the Year for 2025. Bruno Lemelin, chief operating officer of Iamgold (TSX:…