Petra Diamonds’ latest sale crowns ‘strong’ year
South Africa’s Petra Diamonds (LSE: PDL) said Thursday it fetched US$93 million in its last sale of fiscal year 2022, as prices for its diamonds climbed 7.7% from the previous…
Africa
Montage Gold raises $20 million to acquire Mankono-Sissedougou JV
West Africa-focused gold explorer Montage Gold (TSXV: MAU) has closed a financing of approximately $20 million to fund its acquisition and subsequent development of the Mankono-Sissédougou joint venture project in…
Video: How mining could get to net zero before 2050 – ESG panel
The mining world has quickly embraced environmental, social and governance (ESG) principles and more companies are seeing the need to meet those priorities, even on the level of investment, said…
USGS deploys satellite imagery in the global fight against illegal mining
The USGS has deployed its scientific capabilities and high-tech tools in the global fight against illegal mining. The organization’s scientists are playing a leading role in a project involving a…
Sibanye-Stillwater’s Montana mine to remain halted for 4-6 weeks
Precious metals miner Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) said on Friday that its Stillwater platinum mine will remain halted for four to six weeks, as the company works on repairing damage…
Global Copper Snapshot: Eight companies exploring for the red metal
Copper is essential for the global shift towards decarbonization. However, declining ore quality, mine closures, and the absence of additional investment in new copper supplies could lead to a significant…
Glencore unit pleads guilty to bribery in Africa
A British subsidiary of Glencore (LSE: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the U.K. Serious Fraud…
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…
Multi-stakeholder collaboration needed to rise to meet the battery metal boom
For investors and companies involved in the extraction industries, it has been impossible to ignore the meteoric rise of battery materials in recent years. Over the course of 2021, cobalt…
Base and Battery metals Snapshot: Eight companies to watch
As the world continues to electrify and concerns escalate around the supply of raw materials, including copper, zinc, lithium, and PGMs, required for the transition away from fossil fuels, base…
Anglo American takes on an industry-first sustainability-linked loan
Anglo American (LSE: AAL) has agreed to a US$100 million, 10-year loan from the International Finance Corporation in what is understood to be the mining industry’s first known sustainability-linked financing…
Montage expands landholding in Côte d’Ivoire with $30M deal for Barrick-Endeavour JV project
Montage Gold (TSXV: MAU; OTC: MAUTF) has entered into an agreement with Barrick Gold (TSX: ABX; NYSE: ABX) and Endeavour Mining (TSX: EDV; LSE: EDV) to acquire a 100% interest…