Burkina Faso’s nationalization rattles West Africa’s gold sector
Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to buy another 35% of West African Resources’ (ASX: WAF) Kiaka gold mine — a move that…
Africa
Rwanda sends first tungsten to US
Trinity Metals, a Rwandan miner controlled by private UK-based industrialist TechMet, plans to ship tungsten to America’s largest processor of the metal used in bombs, jet engines and light bulbs. …
Sprott buys 50,000 lb for $5B uranium trust
The Sprott Physical Uranium Trust’s (TSX: U.U for USD; U.UN for CAD) holdings now total about 68.6 million lb. of uranium after it bought 50,000 lb. of the energy metal this week…
Rio Tinto overhauls units, axes execs
Rio Tinto’s (ASX, NYSE, LSE: RIO) new CEO Simon Trott has launched a sweeping overhaul of the miner’s structure, consolidating operations into three core divisions while placing several non-core assets…
Ivanhoe maintains DRC zinc forecast, hits records
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says a program to remove constraints at its Kipushi zinc mine in the Democratic Republic of Congo was recently completed ahead of schedule and…
KoBold Metals granted DRC lithium exploration rights
KoBold Metals, the U.S.-based explorer backed by billionaires including Jeff Bezos and Bill Gates, has secured seven new permits to search for lithium and other critical minerals in the Democratic…
Guard killed in attack at Kodal’s Mali lithium mine
Kodal Minerals (LSE: KOD) confirmed on Tuesday that a security guard was killed in an attack on its Bougouni lithium mine in southern Mali on Aug. 22. Assailants on motorcycles…
Gemfields to auction huge 11,685-carat ‘buffalo’ emerald
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in…
Ivanhoe advances Kamoa drainage, plans forecasts
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says draining the East section of Kamoa-Kakula, Africa’s largest copper mine by output, should allow mining to restart early next year while it plans…
Iron ore prices gain after death halts Rio’s Simandou
Iron ore prices climbed to a one-week high on Monday after Rio Tinto (NYSE, LSE, ASX: RIO) suspended operations at its Simandou project in Guinea when an incident killed a…
First Quantum restructures debt
First Quantum Minerals (TSX: FM) says it’s restructuring its debt to take advantage of favourable bond markets. On Tuesday, the copper producer issued an update to its 6.875% 2027 senior…
Harmony Gold’s MAC Copper takeover OK’d
Harmony Gold’s (JSE: HAR; NYSE: HMY) acquisition of MAC Copper (NYSE: MTAL; ASX: MAC) has cleared the final regulatory hurdle after Australia’s Foreign Investment Review Board gave its approval of…