Lucara kicks off 2021 with 341-carat white diamond find
The unbroken white diamond, found at the Karowe mine in Botswana, could fetch more than $10 million.
Africa
Barrick meets mid-range of 2020 production guidance
Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold…
Roxgold receives mining permit approval for Seguela
Cote d’Ivoire’s Council of Ministers has granted Roxgold (TSX: ROXG; US-OTC: ROGFF)a mining permit that allows the company to develop and operate its Seguela gold project, 240 km northwest of the capital,…
TSX rises, Nov. 9-13
The S&P/TSX Composite Index rose 2.41% to 16,675.64 during the Nov. 9-13 trading week. The S&P/TSX Global Mining Index declined by 2.43% to 96.48, and the S&P/TSX Global Base Metals…
US markets up, Nov. 9-13
The Dow Jones Industrial Average rose 4.42% to finish the trading week at 29,479.81 and the S&P 500 climbed by 2.16% to 3,585.15. Spot gold dropped US$60.60 per oz., or…
Gemfields attempts to mitigate virus impact with mini-auctions
Precious gemstones miner Gemfields Group (LSE: GEM; JSE: GML) says it is unable to say when it might be able to host its next auction, or generate meaningful revenue from sales,…
Angola plans new diamond exchange in 2021
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the…
Rainbow, Bosveld to develop rare earths project in South Africa
Africa-focused Rainbow Rare Earths (LSE: RBW) has signed an agreement with Bosveld Phosphates to co-develop the Phalaborwa rare earths project in South Africa. The asset contains about 35 million tonnes…
TSX down, Oct. 26-30
The S&P/TSX Composite Index fell 4.44% to 15,580.64 during the Oct. 26-Oct. 30 trading week. The S&P/TSX Global Mining Index declined by 2.52% to 92.89, and the S&P/TSX Global Base…
Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application…
Barrick granted exploration licences in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) has been granted 10 new exploration licenses in Tanzania, where, until recently, it was locked in a three-year conflict over taxes and mine ownership….
Nordgold matches Shandong Gold’s offer for Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong’ s latest…