Amplats taps finance director to replace Viljoen as new CEO
Anglo American Platinum (JSE: AMS) — Amplats — has named its current finance director Craig Miller as the new chief executive officer of the company, effective Oct. 1. Miller will…
Africa
De Beers US$2.3B Venetia mine expansion yields first diamonds
De Beers, the world’s largest diamond producer by value, announced on Tuesday it had recovered the first diamonds from its new US$2.3-billion ($3 billion) underground operations at the Venetia mine in South…
What happened to graphite’s ‘lithium moment’?
Graphite has failed to deliver on its lithium moment that some analysts (myself, included) believed would materialize in 2023. When I say, ‘lithium moment,’ I mean a repeat of the…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
GoviEx Uranium nearly triples resources at Zambia project
GoviEx Uranium (TSXV: GXU; OTCQX: GVXXF) saw most of the resource move into the measured and indicated categories and grades rise in an update for its Muntanga uranium project in…
Petra Diamonds misses production target for 2023 on lower grades
Petra Diamonds (LSE: PDL) said Tuesday it had missed its diamond production target for fiscal 2023, while sales remained low due to weak demand. The diamond miner produced 2.67 million…
TNM Drill Down: M3 Mining reports ‘spectacular’ gold hit at Edjudina
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our data provider Mining…
TSX books solid rise over July 10-14 trading week
Over the July 10-14 trading week, the S&P/TSX Composite Index advanced 451.38 points or 2.3% to 20,262.07. The S&P/TSX Global Mining Index rose 6.28 points or 6% to 110.58 and…
Rio Tinto grabs stake in graphite-focused Sovereign Metals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) agreed on Monday to buy a 15% stake in Australia’s Sovereign Metals (LSE: SVML; ASX: SVM) for A$40.4 million (US$27.6 million), becoming a…
Video: Joe Mazumdar spotlights critical minerals and supply chain security
A recent industry conference heard Exploration Insights newsletter writer and analyst Joe Mazumdar warn that a blind rush toward carbon neutrality by 2030. He told The Mining Investment Event in…
Appian ready to deploy US$2B in cash-starved mining sector, says CEO
About a decade ago, private equity (PE) funds began to take an interest in the mining sector. At the time, financing was hard to come by, and the growth of…
Deep-South stock soars after Namibia renews copper project licence
Canada’s Deep-South Resources (TSX-V: DSM) can finally resume work at its Haib copper project in Namibia as the country’s government has renewed the miner’s prospecting licence for two years. The awaited…