Tanzanian Gold doubles resource for Buckreef project
Tanzanian Gold (TSX: TNX; NYSE:TRX) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in north-central Tanzania. The Buckreef shear…
Africa
Ivanhoe hails progress at Kamoa-Kakula, Platreef
Ivanhoe Mines (TSX:IVN; US-OTC: IVPAF) said that progress at its Kakula project, the first of multiple planned mining areas at Kamoa-Kakula in the Democratic Republic of the Congo, continues to…
Amplats declares ‘force majeure’, cuts output forecast
Anglo American Platinum, also known as Amplats, has temporarily shut down its Anglo converter plant, declared force majeure, and cut its 2020 output. The South African miner, the world’s top…
Guinea to partner with China-backed consortium at Simandou
The Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of…
PDAC: Friedland previews ‘Revenge of the Miners’
Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC convention attendees in early March. The Star Wars theme song filled the packed conference room…
AJN Resources yields to Barrick pressure, won’t buy into Kibali mine
AJN Resources (TSXV: AJN) has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Société Minière de Kilo-Moto (SOKIMO), after facing…
Nevsun loses bid to stop lawsuit over alleged forced labour in Eritrea
Nevsun Resources (TSX, NYSEMKT:NSU) has lost its bid to have Canada’s Supreme Court throw out a lawsuit by former employees who say they were forced to work at the company’s copper-zinc…
Global Exploration Snapshot: West Africa and South America remain popular
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight…
Egypt approves Aton Resources’ Hamama
Egypt has granted Aton Resources (TSXV: AAN) a mining licence for its Hamama development project — the second time in a decade that the government has greenlighted a mine since…
Odds ‘n’ Sods: Drilling isn’t for the faint of heart
Mine geologists — whether they work at open-pit or underground mines — eventually end up supervising drill machines and sometimes the work can be dangerous. My first job as a…
CIM updates mineral property valuation code
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) recently released its updated Canadian standards and guidelines for the valuation of mineral properties (CIMVAL 2019). Its new code is the…
AngloGold Ashanti sells South African assets to Harmony Gold
AngloGold Ashanti (NYSE: AU) is selling its assets in South Africa to Harmony Gold (NASDAQ: HMY) in a deal worth about US$300 million. Harmony Gold has nine underground operations in…