TNM Drill Down: Best gold assays of the week come from Fiji, Colombia and Mali
Our TNM Drill Down features highlights of the top gold assays of the past week (Apr. 21-28). Drill holes are ranked by gold grade x width, as identified by our…
Africa
ASX-listed Peak Rare Earths lands US$18M for Tanzania project
Australian junior Peak Rare Earths (ASX: PEK) said on Monday it has locked A$27.5 million (US$18 million) in funding from high net worth and offshore institutional investors to advance its Ngualla…
Pensana taps major UK investor to fund rare earths project in Angola
London-based Pensana (LSE: PRE) is being backed by one of the United Kingdom’s largest asset managers and the Angolan sovereign wealth fund to build a rare earths refinery in England…
Ivanhoe taps Glencore for US$250M to start world-beating Kipushi early
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says it has signed off-take and financing agreements with Glencore (LSE: GLEN) to restart the world’s highest grade zinc mine at Kipushi in the…
First Quantum’s issues in Panama hit earnings, production
First Quantum Minerals’ (TSX: FM) earnings in the first quarter of the year fell by more than 80% to US$75 million from the US$385 million recorded in the same period…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…
U.S. markets decline Apr. 17-21 as recession concerns beat earnings
U.S. markets fell slightly as investors weighed strong corporate earnings and declining inflation against the fall of the index of leading economic indicators to its lowest point in more than…
Asante Gold shuns takeover bid from UAE investor firm
Asante Gold (CSE: ASE) has turned down a takeover proposal by Fujairah Holding LLC, a global investment company based in UAE that owns a 11.43% stake in the West Africa-focused…
Storm Mountain Diamonds finds giant pink rock in Lesotho
Storm Mountain Diamonds (SMD), jointly owned by Namakwa Diamonds and the government of Lesotho, has recovered a 108.39-carat fancy pink diamond at its Kao mine in the Southern African country. …
The View from England: Famous gems being both flaunted and hidden
By now you should have received your invitation to the coronation of Charles III and his wife, Camilla, as king and queen of the United Kingdom and other Commonwealth realms….
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
Glencore opens door to better bid in letter to Teck Class B shareholders
Glencore (LSE: GLEN) raised on Wednesday the prospect of improving its US$23.1 billion takeover bid for Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), provided that shareholders reject the Canadian miner’s plan to…