Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…
Africa
Giyani Metals’ study shows leaner, pricier manganese project in Botswana
A feasibility study for Giyani Metals’ (TSXV: EMM) K. Hill open pit manganese project in Botswana outlines a much costlier operation and with lower value than in a previous economic…
CEO chat: Montage Gold expands West Africa footprint as Koné first pour nears
Côte d’Ivoire-focused Montage Gold (TSX: MAU; US-OTC: MAUTF) is digging deeper into West Africa as it expands exploration, even as Sahel tensions spur other Western miners to adapt to tougher…
Sovereign seeks $60M rare earth revenue from tailings in Malawi
Sovereign Metals (ASX: SVM; LSE-A: SVML; US-OTC: SVMLF) said Wednesday heavy rare earth-rich monazite confirmed in four planned pits at its Kasiya project in Malawi could open a third revenue…
China’s grip on lithium to hit 39% by 2030: WoodMac
Chinese companies are on track to control 39% of global lithium production by 2030 as they deepen investments across Africa, Australia and South America, tightening Beijing’s influence over battery supply…
Congo rebels want to sell critical minerals to US: report
The Rwanda-backed M23 Congolese rebel group is looking to sell critical minerals directly to the United States, The Economist reported. M23, which controls large swaths of the eastern Democratic Republic…
Stillwater Critical flags Montana rhodium upside
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is using new rhodium assays and a defined chromium inventory to press the Stillwater West multi-metal project in Montana as an important future…
Gem Diamonds’ large stones lift quarterly revenue
Gem Diamonds’ (LSE: GEMD) posted $32.1 million in revenue for the quarter ended March 31, driven by sales of large high-value diamonds despite lower overall carat sales. The Africa-focused miner…
Aya logs high-grade hits at Morocco silver-gold project
Aya Gold & Silver (TSX, Nasdaq: AYA) reported the strongest drill intercept yet on a grade-thickness basis at its Boumadine project in Morocco as the Canadian producer and explorer continues…
Appian deepens Namibia push with $400M copper mine
Appian Capital Advisory has acquired Omico Copper in a deal giving the mining-focused private equity firm a 95% stake in Namibia’s Omitiomire copper project as it expands its exposure to…
CIM Connect Video: Botswana bourse pitches post-diamond push
Botswana is pitching Canadian miners on its stock exchange as a way to fund copper and battery metals projects while the country tries to diversify beyond diamonds, Botswana Stock Exchange…
Barrick’s $3B buyback sets stage for spinoff
Barrick Mining (TSX: ABX; NYSE: B) launched a $3-billion share buyback on Monday as the world’s third-largest gold producer seeks to attract investors ahead of a planned spinout of its…