Hummingbird Resources restarts Mali gold mine
It said stoppage will affect full-year production, placing it below the bottom end of the expected 100,000-110,000 gold ounces range.
Africa
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Report: Large gold miners contributed US$38B in GDP to local economies in 2020
Large scale gold miners make a big contribution to local economies, with a research report released by the World Gold Council today putting some numbers to that contribution. According to the report, The Social and Economic…
Palladium ETF tops US$100M in AUM for the first time
A substantial influx of interest from institutional investors and wealth management allocations has pushed the Global Palladium fund (GPF), an exchange-traded fund created by Russia’s Norilsk Nickel, above US$100 million…
Hummingbird Resources shares collapse after halting Mali mine
Shares in Hummingbird Resources (LSE: HUM) fell as much as 20% to 13.23 pence on Monday after it halted operations at its Yanfolila gold mine in southern Mali, the company’s…
Cobalt prices supported in 2021, expected to fall in 2022 – report
The S&P Global Market Intelligence November Commodity Briefing states that cobalt metal prices are expected to remain supported for the remainder of 2021 as logistical pressures persist. “There are no…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
More than US$2 trillion investment needed to meet IEA hydrogen targets
More than US$2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon…
Lucara says diamond market the “healthiest” in years
Canada’s Lucara Diamond (TSX: LUC) says the global market for roughs and diamond jewellery has reached a healthy balance thanks to supply improvements and fundamentals. The Vancouver-based miner said it expected the…
India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
Ghana backs Chifeng Jilong Gold Mining’s acquisition of Wassa mine
China’s Chifeng Jilong Gold Mining has received Ghana’s approval to proceed with the acquisition of Golden Star Resources (TSX: GSC), which owns 90% of the Wassa gold mine in the country’s southwest,…
Ivanhoe awards Kamoa direct-to-blister plant contract to China Nerin Engineering
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has awarded a 500,000 tonnes per annum direct-to-blister copper smelting plant contract for the Kamoa-Kakula Complex to China Nerin Engineering. The smelter will be…