La Mancha launches US$1.4 billion gold mining fund
La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a US$1.4 billion fund to hold the magnate’s gold mining investments and pursue new opportunities in the sector. The…
Africa
Top Ten U.S. miners
Mining in the United States has played a significant role in the country’s development. The Northern Miner presents its annual top-ten list of the largest U.S.-based mining companies ranked by market capitalization,…
Deep-South takes Namibia’s mining minister to court over licence refusal
Miner also seeks to prevent the government from granting exploration or mining rights over the same licence area to another company.
Orezone Gold reports gold intercepts from previously untested zone at Bombore
Orezone Gold (TSXV: ORE; US-OTC; ORZCF) has released assays from its 90%-owned Bombore gold project in Burkina Faso, about 85 km east of the capital Ouagadougou. The 150.2 sq. km project…
Ivanhoe’s Kamoa-Kakula exports first copper concentrate
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) massive Kamoa-Kakula mine in the Democratic Republic of Congo (DRC) has begun copper concentrate exports to international markets as the metal continues to trade close…
Thor Explorations expects first gold pour at Segilola by end of July
The mining fleet is now fully commissioned, and production is expected to quickly ramp up to its design capacity.
What a “Joy” — Lucara finds largest fancy pink diamond yet
Canada’s Lucara Diamond (TSX: LUC) has found a 62.7 carat fancy pink diamond at its prolific Karowe mine in Botswana, which has been named “Boitumelo” meaning “Joy” in Setswana, the national and majority language….
Petra fetches over US$40 million for 39-carat blue diamond
At $1,021,357 per carat, is the highest price has achieved for a single stone.
Barrick confirms extension of Tongon mine life
Barrick Gold (TSX: ABX; NYSE: GOLD) says exploration successes could extend the life of its Tongon gold mine in the Ivory Coast. Speaking at a local media briefing, the company’s…
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…
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….