Zijin becomes world’s No. 3 miner on $100B valuation
China’s Zijin Mining Group (HKG: 2899) has climbed past the $100 billion threshold in market capitalization for the first time, propelling it into the No. 3 spot globally, overtaking Glencore…
Africa
Mining profits face nature-related threats: Barclays
Mining companies could see earnings drop by as much as 25% over five years due to nature degradation, Barclays said in a new report. The bank’s stress test, published in Navigating…
Angola joins race for De Beers slice
Angola’s state diamond company Endiama has formally submitted a bid for a minority stake in De Beers, intensifying the scramble for influence over the world’s largest diamond producer as Anglo American…
Kinross Gold sells all of its Asante stock
Kinross Gold (TSX: K, NYSE: KGC) has sold its entire shareholding in Asante Gold (TSXV: ASE) at a discount, without providing reasons for the divestment. Kinross sold about 36.9 million…
Appian sells royalty, streaming assets to Versamet
Mining advisory firm Appian Capital sold two royalty and streaming assets to Canada’s Versamet Royalties (TSXV: VMET) for up to US$170 million in cash, of which $125 million is paid…
Botswana wants De Beers control within weeks
Botswana is accelerating efforts to gain control of De Beers as parent company Anglo American (LSE: AAL) moves forward with plans to divest its 85% stake in the diamond giant,…
Newmont pours first gold at Ahafo North in Ghana
Newmont (NYSE: NEM; TSX: NGT; ASX: NEM) has poured first gold at its Ahafo North project in Ghana, marking a critical milestone toward commercial production in this year’s fourth quarter….
Appian secures $150M loan for Namibia mine expansion
Appian Capital Advisory has secured a $150 million debt facility from Standard Bank to complete the expansion of its majority-owned Rosh Pinah zinc mine (RPZ) in southern Namibia. The financing…
DRC to impose cobalt export quotas
The Democratic Republic of Congo will end a ban on cobalt exports next month and impose annual shipment quotas instead as the world’s biggest producer of the metal seeks to…
Seabed miners face squeeze under oceans law
A newly ratified treaty to safeguard life at sea is expected to intensify opposition to deep-sea mining at a United Nations climate summit this week in New York, running alongside…
Mining Forum Americas: Former Barrick CEO elevates Fourmile in Nevada plan
Colorado Springs, Colo. – Barrick Mining (TSX: ABX; NYSE: B) says its new Fourmile project in Nevada can be developed without new processing plants and fits within the company’s capital-returns…
Ivanhoe defers Kamoa-Kakula copper forecast
Ivanhoe Mines (TSX: IVN) (US-OTC: IVPAF) says it has begun the second stage of its Kakula mine dewatering plan, but will delay its copper production forecast for the next two…