Uranium snapshot: Eight companies hunting for the energy metal
Nuclear energy is gaining traction as a reliable non-carbon fuel source and as uranium prices have reached historic highs over the last few months. Here’s a list of eight uranium…
Africa
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees and 915 contractors. The company…
Orecorp saga ends as Silvercorp sells stake to Perseus Mining
Canada’s Silvercorp Metals (TSX: SVM, NYSE: SVM) has officially stepped aside from the race to control Africa-focused gold explorer OreCorp (ASX: ORR), accepting to sell its 15% stake in the company…
Altona Rare Earths strikes copper deal in Botswana
Shares in Altona Rare Earths (LSE: REE) gained more than a third on Tuesday after saying it had inked a deal to acquire the majority of a copper and silver…
Rio Tinto promotes copper boss Bold Baatar to commercial chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has promoted copper executive Bold Baatar to the post of chief commercial officer, in a move deemed by analysts as a clear…
Zimbabwe launches ‘gold-backed’ currency to replace dollar
Zimbabwe said on Friday that it will launch a new currency backed by the country’s gold reserves, the latest move by President Emmerson Mnangagwa’s government to stabilize its fast devaluing currency….
JV Article: Huawei takes smart mines to the next level
The mining industry, still considered by many to be one of the most technology-adverse sectors, has embarked on a journey to revolutionize its operations that goes beyond automation and touches…
Barrick eyes Peru growth amid global asset expansion
Barrick Gold’s (TSX: ABX; NYSE: GOLD) ongoing push to expand its global portfolio has prompted the company to revisit its presence in the Latin American market. The world’s second largest…
African Rainbow Minerals ups copper game with Surge stake buy
African Rainbow Minerals (JSE: ARI) is buying a 15% stake in British Columbia-focused explorer Surge Copper (TSXV: SURG) for $3.8 million, boosting the South African miner’s exposure to copper. South…
Thor picks up exploration licences near Douta gold project in Senegal
Thor Explorations (TSXV: THX; AIM: THX) has expanded its footprint in Senegal with the acquisition of two licences near its resource-stage Douta gold project. The first is a majority interest…
Paladin Energy kicks off uranium production at restarted mine in Namibia
Paladin Energy (ASX: PDN) says it’s begun producing and drumming uranium concentrate at its Langer Heinrich mine in Namibia, adding it would now focus on ramping up operations and building…
Electra Battery to source cobalt from Eurasian Resources for Ontario refinery
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM;) has signed an agreement with Eurasian Resources Group (ERG), one of the world’s leading cobalt producers, for long-term supply of the metal for…