Editorial: Greasing the wheel of life
Big Oil roared back into the headlines in Canada and across the world, once again showing how, compared to mining, the oil industry is in a league all its own when it comes to societal impacts.
Africa
MagIndustries completes deals with Chinese contractors for African project
In the last few days, MagIndustries (TSX: MAA) has finalized agreements with two Chinese contractors to build its 1.2 million-tonne-per year Mengo potash project in the Republic of Congo.
Azumah works to grow planned pits at Wa gold project
VANCOUVER — Continued gold intercepts from drilling between various pits at the proposed Wa gold mine in Ghana suggest that owner Azumah Resources (AZR-V) could reveal a larger gold reserve in its pending feasibility study update.
Allana adds major potash tonnage at Danakil
VANCOUVER — Just four months after releasing a feasibility study on its wholly-owned Dallol potash asset in Ethiopia’s northeastern Danakil Depression, Toronto-based junior Allana Potash (AAA-T) has followed up with a new resource…
Lucara’s Karowe diamond mine keeps giving
Lucara Diamond (LUC-T) is one of the few junior diamond producers excelling in the turbulent markets, as it discovers more large stones at its 100%-owned Karowe diamond mine in Botswana, including a 239-carat stone, which recently sold for…
PMI Gold finds new prospect at Obotan
PMI Gold’s (PMV-T, PVM-A) flagship Obotan gold project — which already includes four known deposits in Ghana’s Asankrangwan gold belt (Nkran, Adubiaso, Abore and Asudai) and could produce gold as early as the second half of…
Golden Star wraps up Prestea feasibility study
Golden Star Resources (GSC-T, GSS-N) is inching closer to reopening the past-producing Prestea underground mine in Ghana, with a feasibility study on its West Reef deposit showing encouraging results.
Ceasefire brings hope to Great Quest in Mali
For over a year, Great Quest Metals’ (GQ-V) Tilemsi phosphate project in Mali has been in limbo, waiting for peace to return to the remote northern corner of the troubled West African nation.
Pangolin finds more kimberlites in Botswana
In the last two months, Pangolin Diamonds (PAN-V) has discovered two of the seven new kimberlites found in Botswana over the last five years and added as a consultant Manfred Marx, a diamond geologist who led the field team that in…
Teranga aims to boost Sabodala with Oromin bid
VANCOUVER — Toronto-based producer Teranga Gold (TGZ-T, TGZ-A) is taking a second swing at Vancouver-based junior Oromin Explorations (OLE-T) with an all-share acquisition offer. Teranga’s target is Oromin’s 43.5% stake in the…
Newcrest to take $6B writedown, cut office jobs
Newcrest Mining (NM-T, NCM-A), joining a growing list of miners that have been rattled by the recent dip in commodity prices amidst escalating costs, intends to slam the brakes on spending and swallow up to A$6 billion ($5.8 billion) in…
True Gold making good Karma in Burkina Faso
True Gold Mining’s (TGM-V) Karma project in Burkina Faso keeps getting better and better.