Lucara Diamond to replace CEO Eira Thomas
Lucara Diamond (TSX: LUC) announced Monday the company will appoint William Lamb as president and chief executive officer and a director, replacing Eira Thomas. Thomas co-founded Lucara in 2007, with…
Africa
Commentary: Like Frodo, we should embrace our enemy’s enemy
Professor J.R.R. Tolkien died 50 years ago, and we can learn from his hero in Lord of the Rings, Frodo Baggins, who made an expedient choice for his guide into…
Lucara shares up on report of fourth diamond recovery north of 1,000 carats
Lucara Diamond (TSX: LUC; BSE: LUC) shares rose by more than 12% Wednesday after it reported pulling a 1,080 carat diamond from its Karowe diamond mine in Botswana. It’s the…
What’s driving gold miners’ copper craze?
Gold miners have never been more bullish. But not on gold — on copper. The red metal is one of the driving forces behind Newmont’s takeover of copper-rich fellow gold…
Botswana Diamonds to begin production in South Africa
A test-run at Botswana Diamonds‘ (LSE: BOD) Marsfontein project in South Africa has positioned the company to begin commercial production at Thorny River later this year, it said on Thursday….
How Rainbow Rare Earths plans to bootstrap itself onto the global stage
Rainbow Rare Earths (LSE: RBW) is making strides in the rare earths sector as its Phalaborwa project in South Africa underpins an aggressive international growth strategy. While pilot-scale production at…
Midnight Sun looks to Zambian copper giants next door to solve Solwezi puzzle
Al Fabbro has been looking for answers for a decade now, ever since Midnight Sun Mining (TSXV: MMA) acquired the Solwezi copper project in Zambia. The chief executive believes that Solwezi…
Niger coup does little to move uranium price
The global uranium industry is bracing for potential fallout from a recent military coup in Niger, accounting for about 5% of global nuclear fuel production. Several miners active in Niger…
How Madison Metals plans to disrupt junior finance with a uranium token
Industry veteran Duane Parnham sat at a cozy dinner table with his family last Christmas when inspiration struck. Watching his kids and in-laws engrossed in cryptocurrency trading gave Parnham, the…
Tennessee approves Piedmont Lithium plant as complex Carolina project slows
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) says the government has granted it permits to construct a lithium hydroxide plant in Tennessee although the cost has increased by a third. The now-US$800…
Rio Tinto inks earn-in deal for lithium project in Rwanda
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is making its first foray into Rwanda by signing an earn-in investment and joint-venture agreement with African-focused Aterian (LSE: ATN) to develop…
TSX wrap for week of July 24: Base metals rise, Global Atomic shares drop
Over the July 24-28 trading period, the S&P/TSX Composite Index lost 28.14 points or 0.14%, to 20,519.37. The S&P/TSX Global Mining Index added 1.13 points or 1% to 110.62 and the S&P/TSX…