Gold Fields to shut Damang after Ghana denies lease
Gold Fields (JSE, NYSE: GFI) will cease operations at its Damang mine in Ghana after the government rejected the company’s application to extend the site’s lease expiring on Friday. The…
Africa
PDAC video: Newcore Gold expands drill program for Enchi resource upgrade, CEO says
Newcore Gold (TSXV: NCAU; OTCQX: NCAUF) has increased its drilling to 35,000 metres at the Enchi gold project in Ghana, CEO Luke Alexander says in a video interview. Upgraded and…
PDAC video: Gabon’s Millennial Potash aims to become Africa’s first potash miner, CEO says
Millennial Potash (TSXV: MLP; OTCQB: MLPNF) wants to double its initial resource at the Banio potash project in Gabon, chairman Farhad Abasov said in a video interview. The company also…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Alphamin to resume Congo tin mine, shares rally
Alphamin Resources (TSXV: AFM) says it will resume operations at its flagship tin mine in the Democratic Republic of Congo as security concerns ease with reports of the African nation…
Petra Diamonds delays sale amid US tariffs uncertainty
Africa-focused Petra Diamonds (LSE: PDL) has postponed a scheduled sale of about 200,000 carats of diamonds from its Cullinan mine in South Africa, citing uncertainty over the impact of new…
Deep Yellow delays Namibia project on uranium price
Uranium developer Deep Yellow (ASX: DYL) says it will defer the final investment decision on its main Tumas project in Namibia for the second year running, this time until market…
Ivanhoe shares rise on hydropower boost, output
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says its Kamoa-Kakula copper complex in the Democratic Republic of Congo has reached a “major turning point” following a sizeable increase in imported hydroelectric…
US, DRC near minerals deal: report
The United States and the Democratic Republic of Congo are discussing an agreement that would see U.S. companies take greater control of critical mineral assets in exchange for support for…
Robex on track for first gold from Guinea in Q4
Robex Resources (TSXV: RBX) said on Wednesday it remains on track to deliver first gold from its Kiniero project in Guinea by the end of this year. Shares of the West…
China’s foreign mining investment sets record
China’s overseas mining investment under its Belt and Road Initiative (BRI) hit another peak last year at $21.4 billion (C$30.6 billion), as the government continues to place heavy emphasis on…
Sanu Gold rises as Montage, Lundin maintain backing
Sanu Gold (CSE: SANU; US-OTC: SNGCF) shares hit their highest level in two years on Tuesday after the West Africa-focused junior announced a private placement backed by Montage Gold (TSXV:…