Investors should heed growing supply after uranium’s recent runup
Uranium prices surged from just over US$50 per lb. in April 2023 to more than US$100 per lb. by January 2024. Since then, there has been a moderate pull-back; uranium…
Africa
Botswana in talks to raise stake in De Beers
Botswana confirmed on Monday market rumours that it plans to increase its shareholding in De Beers, as parent company Anglo American (LSE: AAL) prepares to spin off or sell the…
Nigerian illegal mine collapse kills 20
Heavy rains caused an open-pit mine collapse in Nigeria that killed at least 20 people and trapped 14 others, according to local Channels Television, which cited police. Rescuers were hampered…
Firms track Congo gold with blockchain
Two companies are partnering to export conflict-free artisanal gold from the Democratic Republic of Congo using a blockchain-based platform. Society Artisanal, a company that works with artisanal mining cooperatives, has joined with…
Gemfields studies 2 grams-a-tonne gold in Mozambique
Africa-focused Gemfields (LSE: GEM; JSE: GML), known by its emeralds and rubies, has produced its first resource estimate for the Nairoto gold project in Mozambique showing high grade from a…
B2Gold nets US$90M stake in Versamet after royalty package sale
Canadian gold major B2Gold (TSX: BTO; NYSE-AM: BTG) has agreed to sell a portfolio of 10 precious and base metals revenue shares to Sandbox Royalties, to be renamed Versamet Royalties,…
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
Underground protest ends at Sibanye in South Africa
An underground sit-in at Sibanye-Stillwater‘s (JSE: SSW; NYSE: SBSW) Kroondal platinum operations in South Africa in its Kwezi shaft has ended, the company said, with all employees leaving the mine safely…
Palladium not written off the road yet, miners say
The price of palladium may gain in the short term if constraints on recycling tighten and car buyers remain wary of electric vehicles (EVs) because of high interest rates, the…
Gem Diamonds finds 172.06 ct stone at Letšeng
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a 172.06 ct Type II white diamond at its prolific Letšeng mine in Lesotho, just days after another major find. The diamond, recovered…
Billions in African gold smuggled to UAE: report
As much as US$35 billion worth of gold produced by artisanal and small-scale mining in Africa, the world’s top bullion producing continent, goes undeclared and then smuggled out, a report…
Endeavour begins commissioning Lafigue gold mine
Endeavour Mining (TSX, LSE: EDV) has begun wet commissioning of its 80%-owned and newly built Lafigué gold mine in Côte d’Ivoire, with production slated to begin in late June. The company…