Canada clears Endeavour Mining-Semafo merger
Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer. The Minister of…
Africa
TSX drops, June 22-26
The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index…
Tanzanian Gold begins production at Buckreef
Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110…
Harmony Gold raises US$200M to buy AngloGold assets
Harmony Gold (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti’s (NYSE: AU) assets in…
Glencore hit by another probe over Congo dealings
Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the…
Canadian Mining Symposium day 2 features Condor, B2Gold and Equinox
The second day of the Canadian Mining Symposium (CMS) on June 17 had a golden theme, with the afternoon session featuring Condor Gold (TSX: COG; LSE: CNR), PearTree Financial Services,…
Gold miners will struggle to maintain 2019 production levels, Wood Mac says
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight,…
Dominion Diamond sues partner in Diavik mine
Dominion Diamond Mines is suing DDMI, its associate in the iconic Diavik mine and a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), for alleged breach of contract and acting…
Fortescue Metals targets zero emissions by 2040
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals…
DRC gold smuggled out of country, UN says
At least 1.1 tonnes of gold mined in the Democratic Republic of Congo (DRC) were smuggled last year into countries along the eastern border, costing the impoverished nation millions of…
Kinross reaches agreement with Mauritanian gov’t
Kinross Gold (TSX: K; NYSE: KGC) has reached an in-principle deal with the government of Mauritania, which the company says will better balance the interests of both parties in the…
Diamonds Snapshot: Six juniors staying in the game
For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one – even before the coronavirus pandemic….