B2Gold kicks off phased closure of Namibia mine
B2Gold (TSX:BTO; NYSE: BTG) said on Tuesday it had begun the phased closure of its Otjikoto gold mine in Namibia, once the country’s largest producer of the precious metal. The…
Africa
Namibia-focused Osino cuts best gold hit yet
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has reported the best gold drill intercept in the company’s history at its Ondundu project in Namibia. Hole ONRC23-017 returned 109 metres grading 2.3…
How humanity’s conquest of space will depend on mining lunar water
With an eye to exploring Mars and beyond, space agencies worldwide are looking to mining to supply water, fuel and oxygen needed to send astronauts on longer missions. The target?…
Four killed in accident at Sibanye-Stillwater gold project in South Africa
Shares in Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) were down 3.5% during pre-market in New York on Friday after reporting four deaths at its Burnstone gold project in South Africa following…
Botswana threatens break-up with De Beers in push for better deal
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango…
Newmont makes ‘best and final’ bid for Newcrest
The world’s largest gold producer Newmont (NYSE: NEM; TSX: NGT) has upped its bid for Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) to US$21.2 billion from the original implied value…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
What the EU’s Critical Raw Materials Act means to miners
The EU published its proposed Critical Raw Materials Act (CRMA) on Mar. 16, with the ambitious goal of “establishing a framework for ensuring a secure and sustainable supply of critical…
De Beers finds diamond within a diamond, names it the ‘Beating Heart’
De Beers, the largest diamond producer by value, has unveiled a unique piece it named the “Beating Heart”— a 0.33-carat rough specimen that consists of a diamond within another diamond….
Newcrest, Harmony Gold ink deal to move Wafi-Golpu project forward
Newcrest Mining (ASX, TSX: NCM) and Harmony Gold (NYSE: HMY) said Thursday they have signed a framework agreement with the Papua New Guinea (PNG) government that sets key terms to jointly…
TNM Drill Down: Great Boulder hits a homerun at Side Well
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining…
Teck rejects US$23B takeover bid from Glencore
Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The…