Gem Diamonds rebounds as big stones lift profit
Gem Diamonds (LSE: GEMD) swung back to profit in the first half of the year as stronger prices for large diamonds from the Letšeng mine in Lesotho and cost reductions…
Africa
Sibanye OKs copper-gold projects on two continents
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has approved its Mt Lyell copper-gold project in Tasmania and Burnstone gold project in South Africa, advancing two long-life developments as stronger metals prices boost…
Koryx drills nearly 1 km of copper in Namibia
Koryx Copper (TSXV: KRY; NSX: KYX; US-OTC: KRYXF) has drilled the longest continuously mineralized intersection yet at its Haib copper project in Namibia, adding support for a resource update and…
Gold Fields says Ghana treating miners as ‘easy target’
Gold Fields (NYSE, JSE: GFI) CEO Mike Fraser criticized Ghana’s mining policies on Tuesday, saying the government is treating the sector as an “easy target” for revenue as uncertainty hangs…
Atomic Eagle claws back Niger uranium project
Atomic Eagle (ASX: AEU) has regained control of its Madaouela project in Niger, two years after the government revoked the mining permit of predecessor company GoviEx Uranium amid a dispute…
Copper price run signals supply squeeze: Sprott
Copper’s roughly 50% surge over the past year is increasingly looking less like a traditional commodities cycle and more like a structural squeeze as mine shortages collide with rising demand…
Salares Norte lifts Gold Fields as other mines falter
Gold Fields (JSE, NYSE: GFI) is leaning on its newest operating mine, Salares Norte in northern Chile, to offset weaker expected production at Gruyere in Australia and Tarkwa in Ghana…
Barrick names Bock to lead overseas arm
Barrick Mining (NYSE: B; TSX: ABX) has named Sebastiaan Bock to lead its international gold and copper business as the miner prepares to split its North American and overseas assets….
Lake Victoria’s Tembo holds 600K oz. gold near Barrick
An initial resource for Lake Victoria Gold’s (TSXV: LVG) Tembo project in Tanzania shows the deposit contains almost 600,000 oz. gold next to Barrick Mining’s (TSX: ABX; NYSE: B) Bulyanhulu…
Cave-in kills 14 illegal miners in South Africa
Fourteen illegal chrome miners died after a mine caved in near Marikana in South Africa’s North West province, while authorities said others may remain trapped, The Daily Maverick reported. Police estimate…
Fortuna buys Barrick, Iamgold project for $200M
Fortuna Mining (NYSE: FSM; TSX: FVI) is buying the Bambadji gold project in Senegal for $200 million (C$279 million) from Barrick Mining (NYSE: B; TSX: ABX) and Iamgold (TSX: IMG;…
Barrick, Newmont settle dispute with $1.9B deal
Nevada settlement clears a hurdle for Barrick’s North American IPO as rising costs and leadership scrutiny weigh on the miner.