Gold Fields won’t raise offer for Yamana Gold after rival bid
Gold Fields (NYSE: GFI; JSE: GFI) has ruled out the possibility of raising its offer for Yamana Gold (TSX: YRI; NYSE: AUY) after two Canadian miners teamed up last week…
Articles by Cecilia Jamasmie
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems. Members of the KP…
B2Gold, AngloGold put Gramalote project in Colombia up for sale
Canada’s B2Gold (TSX: BTO; NYSE-AM: BTG) and South Africa’s AngloGold Ashanti (NYSE: AU; ASX: AGG) have decided to put their US$925-million Gramalote gold project in Colombia up for sale before…
Sibanye-Stillwater mulls cutting thousands of jobs at gold mines in S. Africa
Precious metals miner Sibanye-Stillwater (NYSE: SBSW) may axe more than 2,000 jobs at some of its gold mines in South Africa as part of a restructuring of those operations struggling to make…
PureGold Mining seeks creditor protection
Canadian precious metals miner PureGold Mining (TSXV: PGM; LSE: PUR) has applied for an initial order for creditor protection from the Supreme Court of British Columbia, having considered its cash…
Teck Resources hikes cost of QB2 copper project in Chile again
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK) has once again raised its construction cost estimate for the Quebrada Blanca phase 2 (QB2) copper project in Chile by at least…
Teck exits oilsands with $1B sale of Fort Hills stake to Suncor
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor…
Opening up protected areas in the Amazon to mining may lead to massive forest losses
A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage. In a paper published…
Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu mines
Barrick Gold’s (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and…
China’s Zijin to buy Rosebel from Iamgold for US$360M
Canada’s Iamgold (TSX IMG; NYSE: IAG) said on Tuesday it had agreed to sell its stake in the Rosebel gold mine in Suriname to Zijin Mining in a deal valued…
Barrick close to building US$7B copper project in Pakistan as 50%-owned asset
Barrick Gold (TSX: ABX; NYSE: GOLD) said on Monday it had achieved a significant legal milestone to proceed with the development of the giant Reko Diq copper-gold deposit in Pakistan,…
Endeavour Mining starts building Lafigué gold mine in Côte d’Ivoire
Endeavour Mining (TSX, LSE: EDV) has kicked off construction at its 80%-owned Lafigué gold project in Côte d’Ivoire, which is expected to begin production in the third quarter of 2024….