Kinross sells Chirano gold mine in Ghana to Asante in $225M deal
Kinross Gold (TSX: K; NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal…
Africa
UPDATED: Eight workers missing at Trevali’s Perkoa mine as flooding suspends operations
Eight workers from Trevali Mining’s (TSX: TV; US-OTC: TREVF) Perkoa zinc mine in Burkina Faso have been missing for five days as flooding caused by heavy rainfall in Burkina Faso…
De Beers returns to Angola in search of diamonds
De Beers, the world’s largest diamond miner by market capitalization, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the…
Guinea junta turns up the heat on bauxite miners
The military junta that took control of Guinea in September is heaping pressure on multinational miners to refine raw bauxite, a raw material used to make aluminium, to more advanced…
Zeb Nickel reports new gold zone at flagship nickel project in South Africa
Zeb Nickel (TSXV: ZBNI; US-OTC: ZBNIF) has discovered a new gold zone at its at its namesake nickel project located in Limpopo, South Africa. Two out of the eight drill…
Glencore to supply cobalt to GM in multi-year deal
Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The…
Western Australia is world’s new top mining destination
Resource-rich Western Australia has been picked the most attractive region for mining investment in 2021, replacing the U.S. state of Nevada, which fell to the third place in the latest…
Analysts adjust higher metal price assumptions on Russia-Ukraine conflict
Several analysts have adjusted higher their metal price assumptions for 2022 as the February Russian invasion of Ukraine drags on, wreaking havoc on global metals and mineral supply chains. Moody’s…
Kinross Gold explores sale of Ghana assets to Asante Gold
A day after announcing the sale of its Russian assets, Kinross Gold (TSX: K; NYSE: KGC) has entered into an agreement with Asante Gold (US-OTC: ASGOF; CSE: ASE) to potentially…
Zinc price to remain high in the near term on Russia-Ukraine conflict – report
Market analyst Fitch Solutions Country Risk & Industry Research has revised its 2022 zinc price forecast higher by more than 20% to US$3,500 per tonne. In a market commentary, Fitch…
Atlantic Lithium shares rise on new Ghana resource estimate
The London-quoted equity of Atlantic Lithium (AIM: AAL) has more than doubled over the past 12 months after the company reported on March 24 a new resource estimate on the…
Commodity price spikes could signal lasting market changes – report
Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including…