Barrick to pay Mali $440M: report
Barrick Gold (NYSE: GOLD; TSX: ABX) has signed a new agreement with the Malian government to end the dispute over its mining assets in the West African country, Reuters reported,…
Africa
Glencore weighs ditching London as primary listing
Glencore (LSE: GLEN) is considering shifting its primary listing from London, likely to New York, or another venue where it can “get the right valuation” in a potential blow to…
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Anglo American (LSE: AAL) has set a June deadline to demerge its platinum business and has agreed to sell its nickel unit for $500 million (C$709.7 million) as the company’s effort…
Giustra among backers investing $57M in explorer
Several investors led by mining entrepreneur Frank Giustra and his Fiore Group are putting $36 million into Botswana-focused Premium Resources (TSXV: PREM; US-OTC: PRMLF) while another is retiring the nickel-copper-cobalt…
GoviEx shares jump on deal to resolve Niger dispute
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) and the Republic of Niger are looking to end their dispute over one of the world’s largest uranium projects following the signing of a…
Jubilee begins processing high-grade copper in Zambia
Jubilee Metals Group (LSE: JLP) said on Friday it has begun processing high-grade copper feed material at its Roan concentrator facility in Zambia. The plant had been processing low-grade waste…
Global Atomic gains on Niger project reassurance
Global Atomic (TSX: GLO; US-OTC: GLATF) shares jumped on Wednesday after the company reiterated that its main uranium project, Dasa in Niger, is advancing on schedule and has strong government…
Sibanye-Stillwater CEO Froneman to retire
Neal Froneman, the founder and longtime CEO of Sibanye-Stillwater (JSE: SSW; NYSE: SBSW), will retire at the end of September after 12 years at the helm. He is to be…
Robex secures Mali OK for Nampala mine deal
Canada’s Robex Resources (TSX-V: RBX) has become the latest mining company to finalize a new agreement with Mali, securing continued operations at its Nampala gold mine. The deal incorporates an…
Barrick considers Mali care and maintenance
Barrick Gold (NYSE:GOLD; TSX:ABX) is considering care and maintenance for its suspended Loulo-Gounkoto mine in Mali where the junta seized its gold stockpiles and still holds four employees, according to…
Barrick and Mali halt talks without deal
Barrick Gold (TSX:ABX; NYSE:GOLD) and the Malian government have suspended negotiations before resolving a drawn-out dispute over payments from the country’s largest gold mine. Mali is seeking a settlement payment…
Novare to fund $100M critmin refinery, Africa’s first
ReElement Technologies, a subsidiary of American Resources (NASDAQ: AREC), has partnered up with Johannesburg-based investment firm Novare to build a $100-million (C$70-million) critical and rare earth elements refinery. Under the…