Paladin wields the axe
Pure-play uranium miner Paladin Energy (PDN-T) has unveiled a plan it says will trim costs by US$60 million to US$80 million over the next two years.
Africa
Centamin battles legal challenge from Egyptian court
Gold miner Centamin (CEE-T, CEY-L) has run into legal problems at its flagship Sukari operation near the Red Sea in southeastern Egypt.
Amplats settles with striking workers
Mine workers at Anglo American Platinum (Amplats) are going back to work, putting to rest a series of wildcat strikes that all but crippled the South Africa’s platinum mining industry.
Forsys to combine Namibian projects
Forsys Metals (FSY-T) has updated the resource estimate for its Namibplaas uranium deposit, and says it makes sense to combine its Namibplaas and nearby Valencia uranium deposit 7 km southwest to feed via conveyor a single, optimized process…
Kinross reports strong Q3 results
Since the beginning of October shares of Kinross Gold (K-T, KGC-N) have fallen by about 15%, but strong third quarter results portend a turnaround is in store, some analysts say.
Hana’s Banana on the block
Hana Mining (HMG-V) may be recouping some recent losses for its shareholders thanks to, well, one of its shareholders.
Editorial: Anglo CEO presses ‘eject’ button
Late October was notable for the sudden and unexpected resignation of Cynthia Carroll as CEO of London-based mega-miner Anglo American, widely seen as a giving in to strong shareholder pressure to step down. It brings to an end this particular…
Frontier Rare Earths inks new deal with Kores
A little under a year ago, South Korean government-owned mining and natural resources investment company Korea Resources Corp. (Kores) signed a deal with Frontier Rare Earths (FRO-T) to take a 10% interest and get the rights to an equal…
Sega looking good to Amara in Burkina
West Africa-focused gold producer Amara Mining (AMZ-T, AMA-L), formerly Cluff Gold, is hoping get a little more life out of its 78%-owned Kalsaka gold operation in Burkina Fasom, 150 km northwest of the capital Ouagadougou.
Platinum Group thinking big on the Bushveld
With first-phase construction well underway at Vancouver-based Platinum Group Metals’ (PTM-T, PLG-X) Western Bushveld joint-venture project 1 (WBJV 1), the company is turning its attention to its Waterberg discovery on the North Limb…
Barrick fails to impress in Q3
Barrick Gold (ABX-T, ABX-N) has unveiled another disappointing quarter, where it continues to wrestle rising costs, project delays and shrinking profits, prompting investors that expected a better third quarter to drive down the stock.
Diamcor Mining closes in on first diamond sale
Diamond junior Diamcor Mining (DMI-V) is flying high: The junior’s share price has gone from a low of 26¢ late last year to a 52-week high of $1.41 in late…