Anglo American to sell De Beers, Amplats after latest BHP bid
Anglo American (LSE: AAL), the takeover target of mining giant BHP (ASX: BHP), has yielded to pressure from investors by announcing plans to sell some of its legacy assets in…
Africa
Anglo American rejects BHP’s revised US$43B proposal
Anglo American stated that the new offer was “highly unattractive” for its shareholders.
Rio Tinto has not ruled out Anglo American bid: report
While Rio has a smaller market capitalization than rival BHP, it’s large enough to make an all-share offer for some or all of Anglo American.
Lucara Diamond records strong quarter at Karowe mine
Lucara Diamond (TSX: LUC) said it has sold about 12% more diamonds from its Karowe mine in Botswana than in the first quarter of 2023 and operating costs are down…
Montage Gold receives environmental OK for Koné build
Africa-focused Montage Gold (TSXV: MAU; US-OTC: MAUTF) says it’s received all environmental approvals for the development of its US$712-million Koné project in Côte d’Ivoire, with its mining permit expected to…
South Africa wins battle for US$43M sunken silver bars
Finders are not always keepers, as proven by the United Kingdom’s Supreme Court ruling on who owns about US$43 million worth of silver bullion recovered from a sunken cargo ship….
B2Gold’s Goose project slightly behind schedule
The open pit and underground development at B2Gold‘s (TSX: BTO; NYSE: BTG) Goose project in Nunavut is running slightly behind schedule, with first gold delayed from the first quarter of…
Panthera Resources overhauls project ownership in Mali and Nigeria
Africa-focused Panthera Resources (AIM:PAT) is reshuffling its ownership stakes in three mining projects in Nigeria and one in Mali to increase its exposure to gold. The company said on Tuesday…
Ghana Stock Exchange approves listing for Atlantic Lithium
The miner is developing the Ewoyaa project, which will be Ghana’s first lithium operation.
Glencore takes 15.4% Stillwater Critical Minerals stake
Swiss diversified miner Glencore (LSE: GLEN) has increased its stake in Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) to 15.4% for a total investment of $7.1 million in less than…
Barrick’s Mali mine feeds Russian war machine, advocacy group says
Barrick Gold (TSX: ABX; NYSE: GOLD) faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia. The operator of the Loulo-Gounkoto…
Gem Diamonds finds yet another big stone in Lesotho
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat…