AVZ slams Congo-KoBold deal
Australia-based AVZ Minerals (US-OTC: AZZVF) said on Monday a new agreement between the Democratic Republic of Congo (DRC) and U.S.-backed KoBold Metals violates an international arbitration order tied to the…
Africa
KoBold signs Congo deal to boost US mineral supply
The Democratic Republic of Congo and U.S.‑based Kobold Metals have struck a preliminary mineral exploration agreement that deepens American involvement in the country’s critical‑minerals sector. The deal opens the door…
Lifezone cuts Kabanga project value to $1.6B
Lifezone Metals‘ (NYSE: LZM) feasibility study for the flagship Kabanga nickel project cuts the asset’s net present value and mine life while boosting production costs compared with a more speculative…
JV video: Empress Royalty to double revenue this year
Empress Royalty (TSXV: EMPR) is set to double revenue this year from 2024’s record $8 million (C$11 million), CEO Alexandra Woodyer Sherron said in a new video interview. The windfall comes from…
NexMetals gets EXIM letter for potential $150M loan
Recently-listed NexMetals Mining (TSXV: NEXM; Nasdaq: NEXM) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential loan of US$150 million to…
Newcore logs shallow, high-grade hits in Ghana
Newcore Gold’s (TSX-V: NCAU; US-OTC: NCAUF) latest results at its Enchi project in southwestern Ghana have returned results as high as 6 metres grading 3.98 grams gold per tonne. That…
Namib eyes $400M to restart Zim gold mines
Namib Minerals (Nasdaq: NAMM) is looking to invest as much as $400 million to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media…
Barrick hit again as Mali helicopters take $117M in gold
Mali’s military government has seized over $117 million worth of gold from Barrick’s (TSX: ABX; NYSE: B) Loulo-Gounkoto mine, days after junta leader Colonel Assimi Goïta signed a law allowing…
SCP sees ‘sweet spot’ for West Africa explorers
New West African gold explorers are advancing projects as they aim to capitalize on high prices and growing interest from mid-tier producers, SCP Resource Finance says in a new report….
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…
Mali to sell Barrick’s gold: Reuters
The court-appointed administrator of Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto complex in Mali is planning to sell a tonne of the site’s gold to pay for restarting the mine,…
Ivanhoe sees $70M Kakula mine dewatering cost
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said it expects the dewatering of its Kakula mine in the Democratic Republic of Congo to cost as much as $70 million (C$96 million). Production…