CMOC’s IXM cites force majeure on cobalt deliveries
IXM, a metals trading unit of CMOC Group, a partially Chinese state-owned entity, has declared force majeure on its cobalt supply contracts due to an ongoing export ban in the…
Africa
NexMetals rises on strong copper-nickel hits
NexMetals Mining (TSXV: NEXM; US-OTC: PRMLD), fresh off its name change from Premium Resources, reported drill results as high as 13.5 metres grading 1.13% copper and 1.25% nickel at its…
Mali to restart production at Barrick’s Loulo‑Gounkoto
Mali’s government plans to restart operations at Barrick Mining’s (TSX: ABX; NYSE: B) Loulo‑Gounkoto gold complex under a court-appointed temporary administrator after seizing control earlier this month, according to a…
PDAC JV Video: Namib Minerals preps to reopen gold mines in Zimbabwe
Namib Minerals is working to expand and restart three gold mines in Zimbabwe to help fund its critical mineral ambitions in the Democratic Republic of Congo (DRC), CEO Ibrahima Tall…
Barrick office in Mali reopens amid tax standoff
Malian tax officials have unlocked Barrick Mining’s (TSX: ABX; NYSE: B) Bamako headquarters, nearly two months after sealing the doors over an alleged multimillion-dollar tax shortfall, Reuters reported on Monday….
Delays hit Gemfields ruby plant in Mozambique
Gemfields (LSE: GEM; JSE: GML) said on Friday that the commissioning of a second processing plant at its Montepuez ruby mine in Mozambique has been postponed to September due to…
Resolute strikes gold in Côte d’Ivoire
Resolute Mining (ASX: RSG) has found “a major” gold deposit at its Doropo asset in northeastern Côte d’Ivoire near the Burkina Faso border, according to a government website. Doropo holds…
Video: Iamgold pursues ‘Canada-first’ strategy, CEO says
Iamgold (TSX: IMG; NYSE: IAG) is shifting its focus to Canadian production, president and CEO Renaud Adams said. Franco-Nevada (TSX, NYSE: FNV) last month acquired a 7.5% net profit interest…
Asante locks in $635M refinancing, eyes TSXV debut
Asante Gold (CSE: ASE; US-OTC: ASGOF) has secured $470 million (C$635 million) to refinance debt, fund expansion at its Bibiani and Chirano gold mines in Ghana, and prepare for a…
Video: Cupel Advisory director flags M&A surge, industry image crisis as key trends
A new wave of mergers and acquisitions is rising in the mining sector and single-asset companies might be the first to sell out, Cupel Advisory director Nikki Adshead-Bell says. “We…
Barrick to appeal Mali court’s administrator
Barrick Mining (TSX: ABX; NYSE: B) plans to appeal a Malian court decision appointing Soumana Makadji, a former health minister, as the provisional administrator of its Loulo-Gounkoto operation for six…
Ivanhoe slashes 2025 copper guidance by 28%
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says it has restarted the western portion of the Kakula copper mine in the Democratic Republic of the Congo after floods closed it a…