Friedland-backed HPX to fast-track Guinea iron ore project
High Power Exploration (HPX) raised $200 million for its proposed Nimba iron ore mine in southeastern Guinea.
Africa
Sibanye-Stillwater calls for mega-merger with AngloGold, Gold Fields
Sibanye-Stillwater (NYSE: SBGL) said today that South Africa’s top gold miners should merge and create a rival to the world’s largest producers, Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold…
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….
Petra sells 299 carat diamond for $12.18 million
Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million. The exceptional Type 11a…
Ivanhoe mines record tonnage, grade for Kamoa-Kakula stockpiles
Ivanhoe Mines (TSX: IVN); OTCQX: IVPAF) put a record 338,000 tonnes of ore grading 5.5% copper on the pre-production stockpile at its Kamoa-Kakula copper project in Democratic Republic of the…
Golden Star files PEA for Wassa gold mine expansion in Ghana
Golden Star Resources (TSX:GSC; NYSE:GSS) filed a preliminary economic assessment for expansion of its underground Wassa gold mine in Ghana on March 1. By mining the Southern Extension zone, the…
Lucara Diamond to borrow for Karowe underground expansion
Lucara Diamond Corp. (TSX:LUC) anticipates incurring debt of between US$150 million and US$200 million towards the US$514-million underground expansion of the Karowe diamond mine in Botswana. The Vancouver company has…
TSX posts modest dip, Feb. 15-19
The S&P/TSX Composite Index fell 75.93 points (0.41%) to finish the Feb. 15-19 trading week at 18,384.27. The Global Base Metals Index rose 10.2% to 169.75 and the Global Mining…
Endeavour Mining CEO Sebastien de Montessus is our Mining Person of the Year for 2020
Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable…
Interview: Endeavour’s CEO Sebastien de Montessus on M&A, the “magic box” and creating a Top Ten gold miner
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has become a Top Ten global gold producer since announcing two major acquisitions last year – Semafo and Teranga Gold. It is now the…
Billionaire Naguib Sawiris bets on Egypt’s gold
Egyptian billionaire Naguib Sawiris is backing his country’s drive to develop a gold industry following drastic changes to mining regulations passed last year. Altus Strategies’ subsidiary AKH Gold, majority owned…
Odds ‘n’ Sods: I’m not superstitious, but …
Miners have more than their fair share of superstitions. The more you dig into the world of mining lore and myths, the more you realise how hard a job it…