Africa

Barrick to close Lumwana mine after Zambia royalty hike

Source: Daily News | 2014-12-18
Barrick Gold (TSX:ABX; NYSE:ABX) is suspending its Lumwana copper mine in Zambia in response to the country’s move to more than triple the royalty rate on open pit mines, starting in 2015.

GoviEx pitches Madaouela uranium project in Niger 

Source: Print Archives | 2014-12-17
Before listing on the Canadian Securities Exchange in June, the small corporate team at GoviEx Uranium (CSE: GXU) raised over $100 million privately to advance their Madaouela uranium project in Niger.

Despite exceptional stone tenders, Lucara takes conservative stance at Karowe 

Source: Print Archives | 2014-12-17
VANCOUVER — It’s been a two-year run for producer Lucara Diamond (TSX: LUC; US-OTC: LUCRF) at its Karowe mine in Botswana, and the company isn’t showing any signs of slowing down. On Dec. 9 Lucara released its operating...

TSX continues decline, Dec. 8-12  

Source: Print Archives | 2014-12-17
Canada’s benchmark index fell during the trading week as investors fretted over plunging oil prices and weaker-than-expected economic data from China. The S&P/TSX Composite Index lost 742.65 points, or 5%, to end at 13,731.05. The...

Private equity fund invests in IMX's Ntaka Hill nickel project

Source: Daily News | 2014-12-16
Private equity deals have been fewer this year than many in the mining sector had hoped, given the declining fortunes of hundreds of cash-strapped mining companies. So when a deal is made, it tends to get noticed.

Miners adapt to lower coal prices

Source: Daily News | 2014-12-12
Thermal coal prices recently touched a five-and-a-half year low of US$62.25 per tonne and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

Randgold's Mark Bristow dares to dream big

Source: Daily News | 2014-12-10
Mark Bristow was a 24-year-old university student when he attended a party on the eve of the Midmar Triathalon — a grueling canoe-cycle-run event held at the Midmar Dam north of Pietermartizburg in South Africa.

African Gold Group touts low costs for Kobada in Mali 

Source: Print Archives | 2014-12-10
Free-digging saprolite and favourable metallurgy at African Gold Group’s (TSXV: AGG; US-OTC: AGGFF) Kobada open-pit gold project in Mali will help keep a lid on costs, according to an updated preliminary economic assessment, which...

African Barrick changes name to Acacia, gets busy in Burkina Faso, Tanzania 

Source: Print Archives | 2014-12-10
African Barrick Gold — now called Acacia Mining (LSE: ACA) — has signed an earn-in agreement with Sarama Resources (TSXV: SWA) on its South Houndé project in Burkina Faso and approved an underground mining...

Aureus Mining 'not a one-horse show'

Source: Daily News | 2014-12-09
Aureus Mining (TSX: AUE; LSE: AUE) has doubled the size of the aggregate resource at its Ndablama deposit in Liberia, just 40 km northeast of where the company is building its flagship Liberty gold mine.

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