Lucapa Diamond ups resources at Angola mine by 48%
Shares in Lucapa Diamond (ASX: LOM) jumped almost 5% on Monday after the Australian miner announced that inferred resources at its Lulo mine in Angola rose 48% last year. The Lulo mine, in…
Africa
China’s clean-tech surge shakes markets and tests Western green resolve
Against China’s production boom, Western countries are trying to figure out how to build their clean-tech industries without being undercut by cheaper Chinese products. They’re stuck between wanting to secure…
Galiano Gold discovers double-digit grams at Asanko in Ghana
Galiano Gold (TSX: GAU; NYSE: GAU) says it’s found a new high-grade zone below the Abore pit at the Asanko gold mine in Ghana that it operates in a joint venture…
Exclusive: Barrick CEO Bristow drives another U-turn in a remote land
Barrick Gold (TSX: ABX; NYSE: GOLD), the second-biggest gold miner by market value, this month poured its first gold in Papua New Guinea in nearly four years as CEO Mark…
Perseus extends bid for Tanzania gold developer OreCorp to April
Australia’s Perseus Mining (TSX: PRU; ASX: PRU) isn’t giving up on its plans to acquire African gold developer OreCorp (ASX: ORR), releasing on Friday a second supplementary bidder’s statement that…
Forsys Metals’ Namibia uranium project inches forward with licence renewal
Forsys Metals (TSX: FSY) shares surged 6.1% on news the uranium developer has secured a prospecting licence renewal for the Namibplaas deposit, part of its flagship Norasa project in Namibia….
Dundee Precious Metals sells Tsumeb smelter in Namibia for US$49M
Dundee Precious Metals (TSX: DPM) has sold its Tsumeb specialty smelter in Namibia to a subsidiary of Sinomine Resource Group. Under the share purchase agreement, Dundee will receive US$49 million…
Fortuna Silver takes US$90.6M charge on Mexican mine closure
After more than a decade in operations, Fortuna Silver (TSX: FVI; NYSE: FSM) will cease activities at its San José mine in Mexico later this year, earlier than the previously…
PDAC 2024: Demand, energy transition tailwinds to elevate copper, say bankers
Copper is a good bet to outperform other major metals over the next year, based on strong market fundamentals, senior Canadian bankers told delegates this week at the world’s largest…
Feds plan scrutiny of Chinese offtake deals, minister says at PDAC
The federal government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on…
Macquarie flags nickel deficit as Indonesian permit delays drag growth
The global nickel market risks a surprise deficit this year amid slowing processing timelines for new Indonesian nickel mine permits, the Macquarie Group said in a report Thursday. This bottleneck…
Alpha scores richest assay on Aburna in Eritrea
Alpha Exploration (TSXV: ALEX) shares gained after reporting its highest-grade drill results on the Aburna project in Eritrea. Reverse circulation drill hole ABD012 cut 18 metres grading 15.33 grams gold…