AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Africa
EV slump powers platinum supply deficit, miners say
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
Perseus ups stake in Guinea-focused Predictive Discovery to 19.9%
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is increasing its stake in Predictive Discovery (ASX: PDI), a BlackRock-backed company advancing the Bankan gold project in Guinea. The Perth-based…
Premium Nickel eyes 2025 prefeasibility at Selebi mine in Botswana
Results from infill drilling at Premium Nickel Resources’ (TSXV: PNRL) past-producing Selebi North mine in Botswana continues to build confidence, less than a month after the company posted an initial…
Gem Diamonds finds 122.2-carat stone at Letšeng mine
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed yet another massive diamond white diamond at its prolific Letšeng mine in Lesotho, just days after another major find. The 122.2 carat Type II white…
Allied Gold inks decade-long deal with Mali junta
Allied Gold (TSX: AAUC) has signed a preliminary agreement with Mali for a 10-year permit on its Sadiola mine and production from the nearby Diba deposit while the military government…
Ivanhoe Mines’ Kamoa-Kakula hits record copper production in August
Copper complex in the DRC achieved a monthly production of 40,347 tonnes of copper in concentrate in August.
Sovereign Metals touts ‘outstanding’ battery-grade graphite from Malawi project
Sovereign Metals (ASX: SVM; LSE: SVML) has reached a major milestone by confirming the battery-quality of graphite concentrate to be processed from its Kasiya project in Malawi. The Australian company…
Uranium market under pressure, but long-term outlook remains positive
The uranium market has faced some short-term pressure, with spot prices dropping below US$80 per lb. after hitting a peak of US$107 in February. Despite this drop, prices are still…
Kodal Minerals to be first lithium producer in West Africa listed in London
Kodal Minerals (LSE: KOD) is set to become West Africa’s first London-listed lithium producer when its Bougouni project in southern Mali begins production, planned for this year’s fourth quarter. The…
Gold miner Robex reports loss as it pivots from Mali to Guinea
West Africa-focused gold miner Robex Resources (TSXV: RBX) reported a 10% increase in gold production and a 35% rise in revenue for the second quarter of 2024. However, the company…