Ivanhoe jumps on plan to restart DRC copper mine
Ivanhoe Mines’ (TSX: IVNl US-OTC: IVPAF) plans to dewater the Kakula copper mine in the Democratic Republic of Congo could restore operations as early as this month. Its shares rebounded….
Africa
Mali court postpones ruling on Barrick mine
A Malian court has, for the third time, postponed a hearing on whether to place Barrick’s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto gold complex under provisional administration, Reuters reported on Monday. The…
AngloGold sells Brazil mine to Aura for $76M
AngloGold Ashanti (NYSE: AU; JSE: ANG) is selling its stake in Mineração Serra Grande (MSG) gold mine in central Brazil to Latin America-focused Aura Minerals (TSX: ORA) for $76 million….
Infographic: Rare earth spheres of control
MINING.COM and The Northern Miner mapped global rare earth production through a geopolitical lens, dividing the world into five “spheres of control”: Chinese, American, Russian, Coalition of the Willing, and Undrafted….
Copper price must double to meet future mining needs — study
To meet the world’s future needs, copper prices must at least double their current levels in order to incentivize companies to build more mines, a study published in the latest…
Platinum seems near price surge: Sprott
Platinum may be on the cusp of a sustained price rise amid forecasts for reduced inventories and a third straight year of supply scarcity, Sprott Asset Management says in a…
Fortuna buys 15% of Awalé Resources
Awalé Resources (TSXV: ARIC) has been given a $8.26 million (US$6 million) investment boost from Fortuna Mining (TSX: FVI; NYSE: FSM) to support its exploration activities in Côte d’Ivoire, sending…
Diamond mining industry cracks under pressure
The global diamond industry is rapidly collapsing, with plunging revenues, halted operations, and doubts about its relevance.
Anglo American’s platinum spinoff debuts as Valterra
Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo…
Terra Metals, Metalex in $100M Zambia deal
U.S.-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized talks on the creation of what they call a “new copper and cobalt production powerhouse” in…
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
Barrick fights Mali bid to control Loulo-Gounkoto
Canadian gold giant Barrick (TSX: ABX; NYSE: B) is pushing back against an attempt by the Malian government to wrest control of the Loulo-Gounkoto mine complex away from the company….