Ivanhoe Atlantic pivots to US IPO after rail deal win
Ivanhoe Atlantic is weighing an initial public offering in the United States later this year after securing long-awaited approval to use a key rail corridor to export iron ore from…
AfricanMining
Site visit: Fortuna’s Séguéla gold mine poised for growth
Séguéla, Côte d’Ivoire – Fortuna Mining’s (TSX: FVI; NYSE: FSM) success in expanding its flagship Séguéla mine in Côte d’Ivoire has surprised even some of its own employees. Vancouver-based Fortuna last month…
Allied discovers new targets at Ethiopia gold project
Allied Gold (TSX, NYSE: AAUC) said recent drilling at its Kurmuk property in western Ethiopia has identified at least five new target areas, bolstering the case for a high-volume gold…
Fortuna boosts underground potential in Côte d’Ivoire
Exploration drilling at Fortuna Mining’s (TSX: FVI; NYSE: FSM) Séguéla open-pit mine in Côte d’Ivoire improves the odds of an underground operation at the Sunbird deposit, the company said. Hole SGRD2434…
Newmont’s Ahafo North achieves commercial production
Newmont (NYSE, ASX: NEM) said its Ahafo North operation in Ghana officially reached commercial production – a key milestone at one of West Africa’s biggest mining projects in recent memory….
Fortuna soars on fast repay plan for Senegal gold project
Fortuna Mining (TSX: FVI; NYSE: FSM) says a preliminary economic assessment (PEA) for the Diamba Sud gold project in Senegal shows the Canadian miner could recoup its investment in less than…
Loncor agrees on $261M sale to China’s Chengtun
Canadian explorer Loncor Gold (TSX: LN; US-OTC: LONCF) agreed to be acquired by Chengtun Mining Group for about $261 million cash in a deal that will hand control of a…
Predictive, Robex reach $1.5B deal to create Guinea-focused gold miner
Australia’s Predictive Discovery (ASX: PDI) and Canada’s Robex Resources (CVE: RBX)(ASX: RXR) agreed to merge in an all-share deal worth A$2.35 billion ($1.55 billion) that would create a new Guinea-focused…
Barrick to sell Tongon mine to Atlantic for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) agreed to sell its stake in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to…
Appian secures $150M loan for Namibia mine expansion
Appian Capital Advisory has secured a $150 million debt facility from Standard Bank to complete the expansion of its majority-owned Rosh Pinah zinc mine (RPZ) in southern Namibia. The financing…
DRC to impose cobalt export quotas
The Democratic Republic of Congo will end a ban on cobalt exports next month and impose annual shipment quotas instead as the world’s biggest producer of the metal seeks to…
Perseus gets Côte d’Ivoire OK to build gold mine
Perseus Mining (ASX, TSX: PRU) said it’s received presidential approval to develop and operate Côte d’Ivoire’s first underground mine. Shares rose. Côte d’Ivoire President Alassane Ouattara signed the decree authorizing…