Sandfire granted licence for copper mine in Botswana
Australia’s Sandfire Resources (ASX: SFR) has been granted a mining licence for its Motheo copper project in Botswana’s Kalahari Copper Belt. The Perth-based miner said the milestone was one of…
Africa
AngloGold names ex-BHP executive Calderon as new CEO
AngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calderón as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky’s sudden departure last July. Calderón, a…
Glencore names Kalidas Madhavpeddi as new chairman
Miner and commodity trader Glencore (LSE: GLEN) has chosen non-executive director Kalidas Madhavpeddi to replace Tony Hayward as the company’s new chairman, completing a leadership overhaul at the company. Madhavpeddi, a U.S….
US markets rise, June 21-25
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to…
Lucara Diamond announces $38 million financing for Karowe in Botswana
Lucara Diamond (TSX: LUC) is raising $22 million in a bought deal financing to advance work at its 100%-owned Karowe diamond mine in central Botswana, about 350 km north of the…
B2Gold launches arbitration against Mali over Menankoto exploration permit
B2Gold (TSX: BTO; NYSE: BTG) has announced that its Malian subsidiary, Menankoto SARL, has begun international arbitration proceedings against the Republic of Mali. The Menankoto exploration permit, which forms a…
Canada’s Top Ten royalty and streaming companies
Royalty and streaming companies have grown in number and popularity over the years. Here are the top ten royalty and streaming companies headquartered in Canada ranked by market capitalisation as…
Nexus Gold reports drill results from Dakouli 2 in Burkina Faso
Nexus Gold (TSXV: NXS; US-OTC: NXXGF) has released the first assays from a recently completed diamond drill program at its 100%-owned Dakouli 2 gold project in central Burkina Faso, about 100…
UPDATE: One of only four 1,000 carat-plus diamonds ever found dug up in Botswana
Debswana Diamond, a joint venture between De Beers and the government of Botswana, has found a 1,098-carat stone, one of only four rocks over 1,000 carats ever unearthed, and the…
Ganfeng Lithium to buy 50% of Mali mine for $130 million
Ganfeng also wants at least half of Goulamina’s first-phase annual output, estimated in 455,000 tonnes of spodumene.
US markets down, June 7-11
The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to…
Zijin, Citic to buy copper from Ivanhoe’s Kamoa-Kakula mine
Canada’s Ivanhoe Mines (TSX: IVN) has inked deals with China’s Zijin Mining’s subsidiary and trader Citic Metal to sell each 50% of the copper production from the recently-launched first phase of…