BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Africa
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
TNM Drill Down: West African Resources posts second top assay in a month from Burkina Faso
Our TNM Drill Down features highlights of the best gold assays of the April 12-19 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
GoviEx plunges as Niger uranium project faces deadline
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) says it’s discussing with Niger’s military leaders how to avoid losing its Madaouela project licence if it fails to start the mine by July 3. The…
Africa’s lithium output to almost triple this year, says Benchmark Intelligence
In 2023, the region contributed 4% to global lithium production, but this year it’s expected to reach 10%.
Hummingbird nears production at Guinea gold mine
Shares in Hummingbird Resources (AIM: HUM) rose on Tuesday after the Africa-focused miner said its talks with the main contractor at its Kouroussa gold mine in Guinea are progressing, adding…
Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than US$210 million higher than its capital costs. The Bankan…
Aurous Resources eyes fivefold gold production increase, NASDAQ listing
Privately held South African gold producer Aurous Resources is pursuing a NASDAQ listing to fund a fivefold expansion of its operations on the storied Witwatersrand gold field of South Africa,…
Russian mercenary Wagner theatens to control Barrick’s Loulo-Gounkoto gold mine in Mali, reports say
According to The Globe and Mail, there are reports suggesting that the regime may be aiming to expropriate the mining complex.
Video: Resource Capital Funds partner on how juniors can survive the capital crunch
Private equity brings countercyclical investment strategies that can be a lifeline for junior explorers and miners in a down market, Resource Capital Funds partner and head of credit David Halkyard…
Uranium snapshot: Eight companies hunting for the energy metal
Nuclear energy is gaining traction as a reliable non-carbon fuel source and as uranium prices have reached historic highs over the last few months. Here’s a list of eight uranium…