Glencore pays US$180M to Congo after admitting corruption
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims…
Africa
Roscan secures $10M royalty financing from Osisko Gold for Mali project
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has entered into a royalty financing agreement with Osisko Gold Royalties (TSX: OR; NYSE: OR) to raise gross proceeds of $10 million. The royalty…
Orezone Gold’s Bomboré mine in Burkina Faso enters commercial production
Orezone Gold (TSX: ORE; US-OTC: ORZCF) announced Thursday that its Bomboré gold mine in Burkina Faso has now entered commercial production. “Commercial production at Bomboré is a significant milestone and…
Petra Diamonds to keep Williamson mine idled until mid-2023
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility…
Endeavour updates Ity resource as more discoveries beckon
Endeavour Mining (EDV; LSE: EDV; US-OTQX: EDVMF) says it is likely to discover 3.5 to 4.5 million indicated oz. gold at the cornerstone Ity mine in Côte d’Ivoire by 2025….
Sibanye-Stillwater to spend $821M advancing Finnish lithium project
Precious metals miner Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) approved on Monday a €588 million ($821.6 million) investment to advance its Keliber lithium project in Finland. The South African miner said its…
UK, South Africa seek deeper cooperation on critical minerals
London and Pretoria announced a partnership to promote the responsible exploration, development, production, and processing of critical minerals in South Africa. In a statement, both governments said that this new…
Barrick faces new lawsuit for alleged rights abuses in Tanzania
Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court Wednesday morning against Barrick Gold (TSX: ABX) for alleged human rights violations at the company’s North Mara gold mine in…
Endeavour Mining finds potential new flagship gold project in West Africa
Endeavour Mining (TSX: EDV; LSE: EDV) said Monday it had made a major greenfield gold discovery in Côte d’Ivoire, which has the potential to become a new flagship asset for…
Massive emerald cluster sets new record at Gemfields auction
Africa-focused Gemfields (LSE: GEM; JSE: GML) racked up US$30.8 million in revenue from its latest emerald action, which included a massive cluster of emeralds weighing 187,775 carats (37,555 grams). The Kafubu…
Lucara extends sales deal with HB by 10 years
Canada’s Lucara Diamond (TSX: LUC) has extended its sales agreement with HB Trading covering high-value diamonds from the Karowe mine, in Botswana, for another 10 years. The contract will see Lucara’s +10.8 carat…
Centamin mulls underground expansion at Sukari, Egypt’s first modern gold mine
West Africa-focused gold miner Centamin (TSX: CEE; LSE: CEY) unveiled on Tuesday that ore mining rate at its flagship Sukari gold mine in Egypt could grow by 31% if operations…