Sibanye-Stillwater cuts about 300 jobs in US to lower costs
Precious metals producer Sibanye-Stillwater (NYSE: SBSW) said on Wednesday it will proceed with expected job cuts at its U.S. platinum-group metals (PGM) operations, as declines…
Africa
New high-grade copper find in DRC similar to Kakula, Ivanhoe says
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says it’s made a significant high-grade copper discovery in the Democratic Republic of Congo (DRC) similar to the massive…
Ivanhoe to start copper exploration in Angola
Ivanhoe Mines (TSX: IVN), founded by billionaire Robert Friedland, plans to begin exploring Angola early next year for copper after securing rights over an area…
Empress Royalty buys US$5M Galaxy mine gold stream
Canada’s Empress Royalty (TSXV: EMPR) took a US$5 million gold stream on Golconda Gold’s (TSX: GG) Galaxy mine in South Africa on Friday as part of…
Silvercorp Metals sweetens offer for Tanzania-focused OreCorp
Silvercorp Metals (TSX: SVM; NYSE: SVM) surprised the market on Thursday by increasing its cash offer for African gold developer OreCorp (ASX: ORR) by A$20…
Uranium sector ‘scrambling’ to fill supply gap
The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel…
URA raises $1.7M to restart South African emerald mine
Africa-focused URA Holdings (LSE: URAH) has raised £1 million ($1.7 million) in an effort to restart operations at its 74%-owned Gravelotte emerald mine, in South…
National security-driven policy decisions to recast critical minerals space in 2024
While governments around the world are beginning to understand the strategic importance of critical minerals, miners may struggle in 2024 to position themselves to benefit…
China’s controls on graphite exports ‘a loud wakeup call’ for the US, says Graphex CEO
China announced last month it will require export permits for some graphite products in another bid to control critical mineral supply in response to challenges over its global manufacturing…
Wheaton Precious Metals beefs up streaming portfolio with US$530M spend
Wheaton Precious Metals (TSX: WPM, NYSE: WPM; LSE: WPM) announced on Thursday agreements to acquire existing precious metals royalty streams on Ivanhoe Mines’ (TSX: IVN)…
Atlantic Lithium shuns takeover by major African shareholder
Atlantic Lithium (AIM: ALL, ASX: A11, US-OTC: ALLIF) is once again turning down a proposed takeover by 24.5% shareholder Assore International Holdings, which has offered…
Kodal lithium resource update sets it on fast path to cash flow: analyst
Kodal Minerals (LSE: KOD) has grown the Bougouni lithium project resource in southern Mali by more than 40% over a 2019 estimate, further de-risking the…