De Beers to spend US$1B on Botswana mine expansion
De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned US$1 billion investment to extend the life of its flagship Jwaneng mine…
Africa
Saudi Arabia forum looks to boost Middle East, Africa exploration
Saudi Arabia is attracting global mining companies to its third annual Future Minerals Forum in Riyadh on Wednesday as it invests its vast oil wealth into mining exploration with some…
TNM Drill Down: Aton Resources hits bonanza gold in Egypt
Our TNM Drill Down features highlights of the top gold assays from Dec. 15-30. Drill holes are ranked by gold grade x width, as identified by data provider Mining Intelligence….
Simandou build expected to start in 2024 after almost 30 years of setbacks
Set to be the world’s largest and highest grade new iron ore mine, the project will add around 5% to global seaborne supply when it comes on line.
China’s CMOC attains cobalt output crown
Rising output from a new African mine helped China’s CMOC Group become the world’s largest cobalt producer over Glencore (LSE: GLEN). CMOC produced 55,526 tonnes of cobalt last year in…
BMO cautions against excess gold sector royalty deals
A trend among gold developers to write royalties as a strategy to raise investor value amid a stifled financial market carries high risks, a new BMO Capital Markets report found…
Uranium hits new post-Fukushima high
The spot price of uranium continues to rise, boosted by pledges to triple nuclear power by mid-century, supply hiccups from producers such as Cameco (TSX: CCO; NYSE: CCJ) and the looming…
Ivanhoe ships first copper through Angola via railway
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said its first shipment of copper concentrate from its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) had arrived by rail to…
The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Silvercorp again hikes takeover offer for OreCorp
Canada’s Silvercorp Metals (TSX: SVM; NYSE: SVM) is boosting its buyout bid for African gold developer OreCorp (ASX: ORR) while competing with Perseus Mining (TSX: PRU; TSX: PRU). Silvercorp, a…
Analysis: Gold set for further record prices in 2024 and 2025
Gold prices have been setting annual records for the past three years. They are expected to set further records in 2024 and 2025, as the world struggles with a host…
Gold heists: Air Canada caper shows yellow metal’s criminal allure hasn’t dimmed
It’s a gold mine in the dead of night. Crooks snip through a wire fence and find keys to a forklift still in the ignition. It roars to life and…