Gemfields halts emerald sales over Zambia export tax
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) has paused the sale of emeralds from its Kagem mine in Zambia, but says the government could soon reverse a 15%…
Africa
Endeavour Mining output up 34% in fourth quarter
Fourth-quarter production for Endeavour Mining (LSE: EDV; TSX: EDV; US-OTC: EDVMF) gained more than a third over the previous three months , while cash costs fell by double-digits. Shares gained…
China funnelled US$57B to control critical mineral supply chain: report
China has systematically extended its control over critical minerals essential for the global energy transition and net-zero emissions, using a network of at least 26 state-backed financial institutions over the…
Midnight Sun gains on Solwezi’s copper hits in Zambia
Shares in Midnight Sun Mining (TSXV: MMA; US-OTC: MDNGF) surged 26% Wednesday morning on drill results with hits as high as 10% copper at its Solwezi project in north-central Zambia….
The future of copper mining’s top tier?
BHP (NYSE, LSE, ASX: BHP) appears to be discarding its long-running interest in Anglo American (LSE: AAL) and pivoting to spend billions instead on expanding its own assets. Over the…
Montero Mining settles with Tanzania for US$27M
Montero Mining and Exploration (TSXV: MON) has agreed to settle its dispute with Tanzania over the Wigu Hill rare earth element project for US$27 million, to be paid in three…
Premium Resources hits high grades at Selebi North
Two holes drilled outside the resource estimate area at the past-producing nickel-copper-cobalt Selebi North underground mine in Botswana delivered grades as high as 1.73% copper, Premium Resources (TSXV: PREM; US-OTC:…
Fortuna posts record precious metals output in 2024
Fortuna Mining (NYSE: FSM; TSX: FVI) reported record production results for the fourth quarter and full year 2024 from its five operating mines abroad. For the whole of 2024, Fortuna…
Orezone to commission Bomboré plant expansion in Q4
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is on track to commission a new hard rock plant later this year at its operating Bomboré mine in Burkina Faso that will boost…
Robex extends Mali mine as it plans exit
Robex Resources‘ (TSXV: RBX) Nampala gold mine in Mali has enough new mineral reserves to extend its life by six months, according to an updated technical report. The mine in…
First Quantum cuts guidance on Zambia delays
First Quantum Minerals (TSX: FM) has cut its copper guidance by 3.5% at the midpoint, citing Zambian mine sequencing, while politics has kept Cobre Panama idle. The Toronto-headquartered company now…
South Africa mine rescue ends with 246 saved, 78 dead as illegal mining crisis mounts
South African authorities have concluded a week-long rescue operation at the abandoned Buffelsfontein gold mine, recovering 246 survivors and 78 deceased illegal miners, locally referred to as ‘Zamazama.’ The operation…