What the EU’s Critical Raw Materials Act means to miners
The EU published its proposed Critical Raw Materials Act (CRMA) on Mar. 16, with the ambitious goal of “establishing a framework for ensuring a secure and sustainable supply of critical…
Africa
De Beers finds diamond within a diamond, names it the ‘Beating Heart’
De Beers, the largest diamond producer by value, has unveiled a unique piece it named the “Beating Heart”— a 0.33-carat rough specimen that consists of a diamond within another diamond….
Newcrest, Harmony Gold ink deal to move Wafi-Golpu project forward
Newcrest Mining (ASX, TSX: NCM) and Harmony Gold (NYSE: HMY) said Thursday they have signed a framework agreement with the Papua New Guinea (PNG) government that sets key terms to jointly…
TNM Drill Down: Great Boulder hits a homerun at Side Well
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 sister company Mining…
Teck rejects US$23B takeover bid from Glencore
Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The…
Danakali sells stake in flagship Colluli potash project in Eritrea To Chinese buyer
Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, 13 years after partnering with the Eritrean National Mining Corp. (ENAMCO) to build…
‘Bubblegum’-coloured diamond could fetch more than $35M at auction
A rare pink diamond of “unparalleled colour and brightness” is expected to fetch over $35 million when it goes under Sotheby’s hammer in New York next June, potentially becoming one…
Botswana Diamonds begins mining in South Africa
Botswana Diamonds (LSE: BOD) has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project….
Video: Why mining is about to hit the decarbonization ‘tipping point’
Canadian Mining Journal Editor-in-Chief Tamer Elbokl talked to Mark Fellows, director and cofounder of Skarn Associates, about the mining sector’s efforts to reduce carbon emissions during the PDAC convention in…
US indices inch higher during Mar. 20-24 trading week
The Dow Jones Industrial Average gained 604.76 points or 1.89% and the S&P 500 closed 72.15 points or 1.6% higher at 3,979.15 over the Mar. 20-24 trading week. Mexico and…
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
NextSource’s Molo graphite mine in Madagascar enters commissioning phase
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) is one step closer to producer status now that it’s started commissioning of its Molo graphite mine in Madagascar. Molo mine will initially produce…