Asante Gold shuns takeover bid from UAE investor firm
Asante Gold (CSE: ASE) has turned down a takeover proposal by Fujairah Holding LLC, a global investment company based in UAE that owns a 11.43% stake in the West Africa-focused…
Africa
Storm Mountain Diamonds finds giant pink rock in Lesotho
Storm Mountain Diamonds (SMD), jointly owned by Namakwa Diamonds and the government of Lesotho, has recovered a 108.39-carat fancy pink diamond at its Kao mine in the Southern African country. …
The View from England: Famous gems being both flaunted and hidden
By now you should have received your invitation to the coronation of Charles III and his wife, Camilla, as king and queen of the United Kingdom and other Commonwealth realms….
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
Glencore opens door to better bid in letter to Teck Class B shareholders
Glencore (LSE: GLEN) raised on Wednesday the prospect of improving its US$23.1 billion takeover bid for Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), provided that shareholders reject the Canadian miner’s plan to…
B2Gold kicks off phased closure of Namibia mine
B2Gold (TSX:BTO; NYSE: BTG) said on Tuesday it had begun the phased closure of its Otjikoto gold mine in Namibia, once the country’s largest producer of the precious metal. The…
Namibia-focused Osino cuts best gold hit yet
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has reported the best gold drill intercept in the company’s history at its Ondundu project in Namibia. Hole ONRC23-017 returned 109 metres grading 2.3…
How humanity’s conquest of space will depend on mining lunar water
With an eye to exploring Mars and beyond, space agencies worldwide are looking to mining to supply water, fuel and oxygen needed to send astronauts on longer missions. The target?…
Four killed in accident at Sibanye-Stillwater gold project in South Africa
Shares in Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) were down 3.5% during pre-market in New York on Friday after reporting four deaths at its Burnstone gold project in South Africa following…
Botswana threatens break-up with De Beers in push for better deal
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango…
Newmont makes ‘best and final’ bid for Newcrest
The world’s largest gold producer Newmont (NYSE: NEM; TSX: NGT) has upped its bid for Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) to US$21.2 billion from the original implied value…
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…