‘Bubblegum’-coloured diamond could fetch more than $35M at auction
A rare pink diamond of “unparalleled colour and brightness” is expected to fetch over $35 million when it goes under Sotheby’s hammer in New York next June, potentially becoming one…
Africa
Botswana Diamonds begins mining in South Africa
Botswana Diamonds (LSE: BOD) has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project….
Video: Why mining is about to hit the decarbonization ‘tipping point’
Canadian Mining Journal Editor-in-Chief Tamer Elbokl talked to Mark Fellows, director and cofounder of Skarn Associates, about the mining sector’s efforts to reduce carbon emissions during the PDAC convention in…
US indices inch higher during Mar. 20-24 trading week
The Dow Jones Industrial Average gained 604.76 points or 1.89% and the S&P 500 closed 72.15 points or 1.6% higher at 3,979.15 over the Mar. 20-24 trading week. Mexico and…
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
NextSource’s Molo graphite mine in Madagascar enters commissioning phase
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) is one step closer to producer status now that it’s started commissioning of its Molo graphite mine in Madagascar. Molo mine will initially produce…
Sibanye-Stillwater to hand US$20M to New Century
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said Thursday that it will provide up to $A30 million (about US$20 million) to its takeover target Australia’s New Century Resources (ASX:…
Video: Orezone Gold eyes acquisitions to expand from troubled Burkina Faso
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is resolving a power shortage at its new Bomboré gold mine in coup-prone Burkina Faso as it considers acquisitions in West Africa. Bomboré, 85…
Global Gold Exploration Snapshot: Eight juniors seeking the yellow metal
Gold is a mainstay of exploration, and the price of the yellow metal has been creeping up — recently surpassing US$2,000 per oz. — amid geopolitical and economic uncertainty. Here…
Thor Explorations more than doubles resource at Senegal gold project
New figures showing more than twice the potential gold in Thor Explorations‘ (TSXV: THX; LSE: THX) Douta project in Senegal means “greater confidence” it will be the company’s second mine…
PDAC: Facing the challenges of mine decarbonization
The mining industry’s decarbonization journey is more akin to a twisting trail race than a straight road race, with uphill efforts, sharp turns and obstacles en route, miners said during…
Roscan hits milestone with environmental permit for Kandiole in Mali
Mali has granted an environmental permit for Roscan Gold’s (TSXV: ROS; US-OTC: RGCF) Kandiole project—the penultimate step that precedes securing a final mining licence, the company reports. CEO Nana Sangmuah…