Iamgold to raise $300 million in equity offering
Iamgold (IMG-T, IAG-n) plans to raise C$300 million in an equity offering to help pay for the development of its ne…
Africa
Zambia wants Glencore to cough up two assets
The government of Zambia isn’t taking the consequences of falling metal prices lying down.
First Quantum earns US$45.9 million in 2008
Vancouver – Despite record copper production First Quantum Minerals (FM-T) managed to earn just US$45.9 million in …
Policy changes in Zimbabwe lead New Dawn to restart development
New Dawn Mining (ND-T) plans to take its 100%-owned Turk mine in Zimbabwe out of care and maintenance and put it ba…
Good grades can’t lift Hana
The latest results from Hana Mining’s (HMG-V) Ghanzi copper and silver project in Botswana returned high grades, bu…
Sherritt Plots Return To Low-Cost Glory Days
Sherritt International (S-T, SHERF-O) wants to get back to where it started — or at least where it was eight years ago.
DRC Government Confirms Banro’s Holdings
Banro (BAA-T, BAA-X) says it had received official confirmation that its mining convention and mining licences in the Democratic Republic of the Congo (DRC) “are in accordance with Congolese law.”
Japanese state-owned company to finance Platinum Group Metals
The global economic rout is sending more and more mining companies on a hunt for long-term mining investments from …
West Africans ask miners for more training, better transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infra…
Centamin Set To Bring Gold Mining Back To Egypt
After a long hiatus, Egypt is on the cusp of getting a new major gold mine.
Niger: An Old Uranium Frontier Made New Again
The number of Canadian miners poking the arid terrain of Niger in the search for uranium is increasing, and the relative durability of the uranium price in a down market isn’t the only thing fuelling …
Editorial: De Beers’ US$500M Bailout
The seventh trading week of 2009 closed out with news of profound cash-flow problems at the iconic diamond miner De Beers, underscoring the global collapse in demand for luxury goods such as diamonds.