Hummingbird shares soar on Guinea mine restart
Shares in Hummingbird Resources (AIM: HUM) rose 17% on Friday, after the Africa-focused company said operations had resumed at its Kouroussa gold mine in Guinea following a two-month strike by…
Africa
Zijin Mining to produce 50% more copper by 2028
China’s top copper producer Zijin Mining expects to produce 4% more copper in 2025 than previously planned to profit from the metal’s price ongoing rally, driven by anticipated supply shortages….
Chinchillas fluster Gold Fields’ Chile plans
Gold Fields has 10 days to prove there are no rodents living in the Salares Norte mine area or it will face fresh sanctions.
Billionaire-backed KoBold, Midnight Sun team up for Zambia copper discovery
KoBold Metals, a U.S.-based startup supported by high-profile investors such as Bill Gates and Jeff Bezos, is venturing into Zambia’s rich copper belt. In February it partnered with Canada’s Midnight…
Lucapa to sell majority stake in Lesotho diamond mine
Australia’s Lucapa Diamond (ASX: LOM) has put its 70% stake in the Mothae mine in Lesotho up for sale to focus on its core assets and is discussing options for the 30%…
Anglo American to sell De Beers, Amplats after latest BHP bid
Anglo American (LSE: AAL), the takeover target of mining giant BHP (ASX: BHP), has yielded to pressure from investors by announcing plans to sell some of its legacy assets in…
Anglo American rejects BHP’s revised US$43B proposal
Anglo American stated that the new offer was “highly unattractive” for its shareholders.
Rio Tinto has not ruled out Anglo American bid: report
While Rio has a smaller market capitalization than rival BHP, it’s large enough to make an all-share offer for some or all of Anglo American.
Lucara Diamond records strong quarter at Karowe mine
Lucara Diamond (TSX: LUC) said it has sold about 12% more diamonds from its Karowe mine in Botswana than in the first quarter of 2023 and operating costs are down…
Montage Gold receives environmental OK for Koné build
Africa-focused Montage Gold (TSXV: MAU; US-OTC: MAUTF) says it’s received all environmental approvals for the development of its US$712-million Koné project in Côte d’Ivoire, with its mining permit expected to…
South Africa wins battle for US$43M sunken silver bars
Finders are not always keepers, as proven by the United Kingdom’s Supreme Court ruling on who owns about US$43 million worth of silver bullion recovered from a sunken cargo ship….
B2Gold’s Goose project slightly behind schedule
The open pit and underground development at B2Gold‘s (TSX: BTO; NYSE: BTG) Goose project in Nunavut is running slightly behind schedule, with first gold delayed from the first quarter of…