Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
Africa
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
What to expect in 2024 after diamond sector’s price plunge
It’s been a tough ride for the diamonds sector since rough prices hit an all-time high in the first quarter of 2022. Last year rough prices fell 15-20% according to…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…
Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
JV Article: Miners’ payloads and passengers reach new peaks with Flygreen’s private jets
Flygreen is an international jet charter service with access to over 7,000 aircraft globally suited to meet needs specific to the mining industry, whether it be private or commercial jet…
Global exploration snapshot: Eight companies seeking copper, precious metals and more
As explorers continue to hunt for precious metals and critical minerals needed for the green energy transition, their pursuit takes them to every corner of the world. Here are eight…
KoBold Metals expands Zambia footprint with Midnight Sun deal
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its footprint in Zambia after inking a deal with Midnight Sun Mining (TSXV: MMA) to jointly…
Dundee bid for Osino Resources bested by unnamed third party
Dundee Precious Metals (TSX: DPM) is walking away from its proposed takeover of Osino Resources (TSXV: OSI) after the target company said on Monday it had received a superior offer…
Attack on B2Gold employee convoy kills three in Mali
Three B2Gold (TSX: BTO; NYSE-AM: BTG) employees are dead after an attack on the bus transporting them from the company’s Fekola mine to Mali’s capital, Bamako. Several other employees were…
First Quantum exercises option over two licences as it looks to expand in Zambia
First Quantum Minerals (TSX: FM), which is reeling from the forced closure of its flagship copper mine in Panama, has exercised its option over two licences in the Central Africa Copperbelt,…