Danakali plans construction at large-scale potash project in Eritrea
Australia’s Danakali (ASX, LON: DNK) said it plans to spend the rest of the year raising funds to bring its Colluli potash project in Eritrea closer to construction. Reporting on…
Africa
South Africa ministry approves AngloGold asset sale, blocks delisting
South Africa’s mines ministry has approved the sale of AngloGold Ashanti’s (NYSE: AU; JSE: ANG) last remaining assets in the country to Harmony Gold (NYSE: HMY), on condition that it…
Trevali prefeasibility expands Rosh Pinah mine in Namibia
The results of Trevali Mining’s (TSX: TV; US-OTC: TREVF) prefeasibility study of an expansion of the Rosh Pinah zinc-lead-silver underground mine in Namibia to 1.3 million tonnes per year, up…
Mali coup delays sale of Iamgold’s Sadiola gold mine
Iamgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa’s AngloGold Ashanti (NYSE:AU), as the country reels from…
Glencore’s Mutanda mine on care and maintenance for ‘two years at least’: report
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70%…
Sun Peak advances Shire polymetallic project in Ethiopia
David Daoud, vice president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits…
AngloGold told to keep headquarters in Johannesburg
AngloGold Ashanti (NYSE: AU) will have to keep trading shares in South Africa to conclude the sale of its last remaining assets in the country to rival Harmony Gold (NYSE:…
Gold miners keep operating in Mali despite coup
Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country’s borders and hit share prices on Aug. 19. Malian President…
Nexus Gold reports high-grade intercepts at McKenzie in Ontario
Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit. But security risks in…
Endeavour Mining eyes dual listing after Semafo acquisition
Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks…
Lucara Diamond ends second quarter with $14M loss
Lucara Diamond (TSX: LUC) saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of…
TSX moves higher, Aug. 3-7
The S&P/TSX Composite Index rose 2.32% to 16,544.48 during the Aug. 3-7 trading week. The S&P/TSX Global Mining Index climbed 1.41% to 102.65, and the S&P/TSX Global Base Metals Index…