Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Africa
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…
Palladium prices hitting new highs
A rare combination of ongoing strikes in South Africa’s platinum group metal mines combined with political tensions between Russia and Ukraine have translated into three-year highs for palladium prices in early June, resulting in one of…
Edgewater spins out Ghanaian gold into Pinecrest
VANCOUVER — Several months ago junior Edgewater Exploration (TSXV: EDW; US-OTC: EDWZF) was hit with a permitting delay at its flagship Corcoesto gold project, 35 km southwest of the port city of La Coruna in Spain. Edgewater had been…
Govind Friedland to IPO GoviEx Uranium
GoviEx Uranium has filed a prospectus for an initial public offering with the securities commissions of Ontario and British Columbia and plans to use the net proceeds to pay for environmental and social impact assessments, as well as a pilot…
Rio Tinto’s US$20B iron ore mine plan in Guinea
VANCOUVER — A decade after mega-miner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) was awarded the world-class Simandou iron-ore concessions in Guinea, West Africa, it looks like the stage has been set for what would be the largest…
True Gold making Karma a reality in Burkina Faso
True Gold Mining (TSXV:TGM) is gaining market momentum, as it gears up to build its flagship Karma gold mine project in north–central Burkina Faso.
[Update] Edgewater moves to consolidate Enchi project
VANCOUVER — Eight months ago junior Edgewater Exploration (TSXV: EDW) was hit with a permitting delay at its flagship Corcoesto gold project 35 km due southwest of the port city of La Coruna in Spain. Edgewater had been hoping to…
Kombat Copper completes resource in Namibia
Kombat Copper (TSXV: KBT) has completed its first resource estimate on a past-producing copper mine in Namibia.
Second gold discovery for Orca Gold in Sudan
VANCOUVER — In the first drill program ever to test the 7,000 sq. km Block 14 property in Sudan, Orca Gold (TSXV: ORG; US-OTC: CANWF) pulled intercepts like 2.39 grams gold per tonne over 63 metres, 3.7 grams gold over 31 metres and 13.6…
B2Gold shows operational savvy in Q1
First-quarter results for B2Gold (TSX: BTO; NYSE-MKT: BTG) are in, and they show a company that is establishing itself as a bonafide mid-tier gold producer.
Ivanhoe raises $150M for DRC projects
VANCOUVER — With a $150-million financing, executive chairman Robert Friedland and his team at Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) have sidestepped a cash crunch that could have impacted the company’s ability to advance its…