First Quantum restructures debt
First Quantum Minerals (TSX: FM) says it’s restructuring its debt to take advantage of favourable bond markets. On Tuesday, the copper producer issued an update to its 6.875% 2027 senior…
Africa
Harmony Gold’s MAC Copper takeover OK’d
Harmony Gold’s (JSE: HAR; NYSE: HMY) acquisition of MAC Copper (NYSE: MTAL; ASX: MAC) has cleared the final regulatory hurdle after Australia’s Foreign Investment Review Board gave its approval of…
GoviEx lists on ASX, rebrands as Atomic Eagle
GoviEx Uranium (TSXV: GXU) has entered the Australian capital market by combining with ASX-listed shell company Tombador Iron (ASX: TI1) in a proposed reverse takeover that would see GoviEx end…
African Rainbow boosts Surge Copper stake to 19.9%
African Rainbow Minerals (JSE: ARI), controlled by billionaire Patrice Motsepe, has increased its stake by another 6.5% in junior Surge Copper (TSXV: SURG) which is developing the Berg project that…
Dubai firm offers $10M lifeline to Lucapa Diamond
Lucapa Diamond (ASX: LOM), which holds the Lulo alluvial mine in Angola and the Merlin project in Australia, has struck a rescue deal with a Dubai-based group that could pull…
Montage worker dies in Côte d’Ivoire project accident
Montage Gold (TSX: MAU; US-OTC: MAUTF) says a worker died Thursday following an accident at the company’s Koné project in Côte d’Ivoire. Construction activities at the site resumed Friday after…
Copper-nickel hits hint at NexMetals’ Selebi potential
Results from NexMetals Mining’s (TSXV, Nasdaq: NEXM) Selebi North project in eastern Botswana have extended the South Limb’s mineralization by 35% beyond last year’s resource estimate. Shares of the company…
De Beers strikes first kimberlite find in 30 years
De Beers and its state-owned joint venture partner in Angola, Endiama, have discovered a new kimberlite field, the diamond giant’s first such discovery in three decades. The world’s largest diamond…
Lifezone secures $60M bridge loan for nickel project
Lifezone Metals (NYSE: LZM) said Monday it has secured a $60 million bridge loan from Taurus Mining Finance Fund to fund early works and infrastructure development at its flagship Kabanga…
Desert Gold dodges Mali risk with low-cost project
Desert Gold Ventures (TSXV: DAU; US-OTC: DAUGF) is proposing a modest project compared to peers in junta-led Mali to build on smaller costs and scale. Named after the Senegal Mali…
Guinea squeezes Emirati-owned bauxite miner
Guinea, the world’s top exporter of bauxite, has revoked the mining title of Emirates Global Aluminium’s GAC subsidiary and awarded it instead to a new local entity – a move…
Glencore says DRC cobalt stockpile has ‘no impact’
Glencore (LSE: GLEN), the world’s second-largest cobalt producer, says its growing stockpile of unsold cobalt won’t materially affect the company as it contends with export restrictions in the Democratic Republic…