Montage sees Côte d’Ivoire’s Didievi as next gold asset
Montage Gold (TSX: MAU; US-OTC: MAUTF) says recent exploration work at its Didievi project in Côte d’Ivoire strengthens the case for what the company believes could become its next development…
Africa
Elevate buys Marenica stake to build Erongo scale
Elevate Uranium (ASX: EL8; US-OTC: ELVUF) will buy another 15% of the Marenica uranium project in Namibia, tightening control to 90% of a growing asset as it tests whether its…
De Beers idles South Africa’s top diamond mine
De Beers will suspend production at its Venetia mine, South Africa’s highest-value diamond operation, for two years as the company cuts costs and streamlines its business to withstand a prolonged…
Rio Tinto hands Sovereign full control of Malawi graphite project
The move strengthens Kasiya’s position as a potential non-Chinese supplier of rutile, graphite and rare earth products.
De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked buyers, a strategy aimed at…
Creating mining districts could unlock billions: study
Mining companies could unlock billions in additional value by treating nearby operations as integrated mining districts rather than standalone assets, according to a study by GEM Mining Consulting. The firm’s…
B2Gold’s new CEO gets his Goose test
B2Gold (TSX: BTO; NYSE-A: BTG; NSX: B2G) has handed Mike Cinnamond a Far North test in his first weeks as CEO: finish the Goose mine ramp-up in Nunavut to restore…
GoldStone surges as Hong Kong miner takes 21% stake
GoldStone Resources (AIM: GRL) shares jumped on Monday after the Ghana-focused gold developer secured a £3.51 million ($4.6 million) strategic investment from Hong Kong-listed Persistence Gold Group (HKEX: 2489) to…
South32 sells aluminum businesses to Alcoa for $5.6B
Australia’s South32 (ASX: S32) has agreed to sell nearly its entire aluminum portfolio to Alcoa (NYSE: AA; ASX: AAI) in a deal valued at up to $5.6 billion (C$7.9 billion)….
Newcore drills above-reserve grade at Nyam
Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) has hit above-reserve-grade gold at depth at its Enchi project in Ghana, as it seeks to expand resources beyond the pits in a new…
$1B Senegal gold project lifts Fortuna’s Africa growth
A feasibility study for Fortuna Mining’s (TSX: FVI; NYSE: FSM) open pit Diamba Sud gold project in Senegal almost doubles its value, increases mine life and establishes probable reserves over…
Koryx Copper wins analyst support after Namibia assays
Analysts at BMO Capital Markets and Red Cloud Securities say Koryx Copper (TSXV: KRY; US-OTC: KRYXF) is rapidly emerging as one of Africa’s more attractive red metal development stories after…