Midnight Sun gains on Solwezi’s copper hits in Zambia
Shares in Midnight Sun Mining (TSXV: MMA; US-OTC: MDNGF) surged 26% Wednesday morning on drill results with hits as high as 10% copper at its Solwezi project in north-central Zambia….
Africa
The future of copper mining’s top tier?
BHP (NYSE, LSE, ASX: BHP) appears to be discarding its long-running interest in Anglo American (LSE: AAL) and pivoting to spend billions instead on expanding its own assets. Over the…
Montero Mining settles with Tanzania for US$27M
Montero Mining and Exploration (TSXV: MON) has agreed to settle its dispute with Tanzania over the Wigu Hill rare earth element project for US$27 million, to be paid in three…
Premium Resources hits high grades at Selebi North
Two holes drilled outside the resource estimate area at the past-producing nickel-copper-cobalt Selebi North underground mine in Botswana delivered grades as high as 1.73% copper, Premium Resources (TSXV: PREM; US-OTC:…
Fortuna posts record precious metals output in 2024
Fortuna Mining (NYSE: FSM; TSX: FVI) reported record production results for the fourth quarter and full year 2024 from its five operating mines abroad. For the whole of 2024, Fortuna…
Orezone to commission Bomboré plant expansion in Q4
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is on track to commission a new hard rock plant later this year at its operating Bomboré mine in Burkina Faso that will boost…
Robex extends Mali mine as it plans exit
Robex Resources‘ (TSXV: RBX) Nampala gold mine in Mali has enough new mineral reserves to extend its life by six months, according to an updated technical report. The mine in…
First Quantum cuts guidance on Zambia delays
First Quantum Minerals (TSX: FM) has cut its copper guidance by 3.5% at the midpoint, citing Zambian mine sequencing, while politics has kept Cobre Panama idle. The Toronto-headquartered company now…
South Africa mine rescue ends with 246 saved, 78 dead as illegal mining crisis mounts
South African authorities have concluded a week-long rescue operation at the abandoned Buffelsfontein gold mine, recovering 246 survivors and 78 deceased illegal miners, locally referred to as ‘Zamazama.’ The operation…
Saudis tap Aramco for lithium brine extraction
Saudi Arabia has announced a new joint venture between its state-run oil and mining companies — Aramco, the world’s largest in oil, and Ma’aden — marking another step in its…
Hummingbird reaches $16.4M deal with Mali
Africa-focused Hummingbird Resources (AIM: HUM) announced on Wednesday it had reached an an agreement with Mali’s military-led government to operate the Yanfolila gold mine under the country’s new mining code. As part…
Barrick halts Mali mine after junta seizes gold
Barrick Gold (TSX:ABX; NYSE:GOLD) followed through with its threat to suspend operations at its Loulo-Gounkoto complex in Mali after the military-led government moved gold stocks to a custodial bank. “Barrick…