Risks rise in Mali as junta holds Resolute CEO
Shares in Resolute Mining (ASX: RSG; LSE: RSG) lost a third of their value on Monday after the Australian gold miner said Mali’s military government detained CEO Terence Holohan and two senior…
Africa
Ross Beaty to receive TNM’s lifetime achievement award
Ross Beaty flipped the laptop around and pointed its camera to the sea. “That’s a whale-watching boat,” the veteran mining entrepreneur said from Bowen Island near Vancouver. “There’s been a…
Barrick CEO expects deal with Mali on new mining code by year-end
Sources cited by Reuters report that Mali is seeking around $500m in unpaid taxes from Barrick.
Gold Fields, AngloGold JV in Ghana hits roadblock
Gold Fields (NYSE: GFI; JSE: GFI) and AngloGold Ashanti (NYSE: AU; JSE: ANG) said on Thursday that they have yet to make progress on their proposed joint venture in Ghana,…
Pan African expands into Australia, halts Sudan project
South Africa’s Pan African Resources (LSE: PAF; JSE: PAN) is expanding into Australia with the acquisition of gold junior Tennant Consolidated Mining Group (TCMG) for US$54.2 million, as it suspends exploration…
Kodal tussles with Bougouni partner over $15M Mali tax payment
U.K.-based mineral explorer and developer Kodal Minerals (LSE: KOD) and its Chinese joint venture partner Hainan Mining Co. in the Bougouni lithium project disagree over who is responsible for a…
Anglo American sells Australian coal JV stake for $1.5B
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
Aussie Syrah secures US$150M Washington loan for Mozambique graphite operation
Syrah Resources (ASX: SYR) has been given a US$150 million loan by the United States International Development Finance Corporation to support the development of its graphite operation in Mozambique. In…
Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on Wednesday reported record third-quarter copper production but cut its full-year guidance by 6%, blaming power outages at its Kamoa-Kakula complex in the Democratic…
Asante Gold announces US$525M financing to support Ghana growth plans
Asante Gold (CSE: ASE) says it expects to raise US$525 million in two stages to fund its growth plans in Ghana, where it operates the Bibiani and Chirano gold mines…
Trillions needed to achieve net-zero by 2050 — Wood Mackenzie
The world is currently on course for global warming levels between 2.5˚C and 3˚C by the end of the century, far exceeding the 1.5˚C target outlined in the Paris Agreement…
Compass Gold signs mill deal to tap Tarabala deposit in Mali within months
Shares in Compass Gold (TSXV: CVB) doubled on Tuesday after Malian business group SMAT agreed to toll-treat ore from its Tarabala deposit within five months, as the company awaits its…