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…
Africa
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…
Glencore signs five-year cobalt deal with Samsung
Miner and commodities trader Glencore (LSE: GLEN) has signed a five-year deal to supply South Korean battery manufacturer Samsung SDI with up to 21,000 tonnes of cobalt amid an expected…
Banro to sell Namoya mine in DRC on security concerns
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced…
Lucara recovers 549 carat white diamond
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana. The mine — one of the world’s most prolific producers of large and high-value…
Ivanhoe boosts resource for Kamoa-Kakula in DRC
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has updated the resource estimate for its massive Kamoa-Kakula project in the Democratic Republic of Congo (DRC). Kamoa-Kakula — among the world’s largest copper…
Miners should adopt ‘next-generation’ values to battle reputation crisis, Anglo American boss says
Despite mining’s contribution to almost every aspect of modern life, the industry is still seen as one that takes more than it gives, which has brought it to the reputation…
Uranium snapshot: Energetic juniors with attractive assets
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently…
US stocks mixed, Jan. 20-24: Barrick, Fortuna, Coeur, Freeport-McMoRan
The Dow Jones Industrial Average rose 1.22% to 28,989.73 and the S&P 500 Index fell 1.03% to 3,295.47. Spot gold climbed US$14.90 per oz. to finish at US$1,571.60 per ounce….
TSX posts small rise, Jan. 20-24: Endeavour Mining, Yamana, Seabridge, SSR, Ero
The S&P/TSX Composite Index rose 0.04% to 17,565.30 during the trading week. The S&P/TSX Global Mining Index fell 0.92% to 81.52 and the S&P/TSX Global Base Metals Index lost 6.19%…