Biggest copper project in decades begins production
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has begun producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of the Congo (DRC) months ahead of schedule as the metal…
Africa
With gold M&A heating up, could Orezone’s Bomboré project be ripe for the picking?
Construction of Bomboré is underway after Orezone secured a $189M finance package.
Rio Tinto’s Richards Bay manager murdered on way to work
Local police confirmed on Monday that a senior manager of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Richards Bay Minerals (RBM) was assassinated in South Africa’s KwaZulu-Natal province, Zululand…
Glencore leads miners group in cobalt blockchain pilot
Mining and commodities trader Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology. The group,…
TSX Venture down, May 10-14
The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Filo Mining jumped $3.57…
JV Article: Osino Resources’ Twin Hills on track to be Namibia’s next multi-million-ounce gold mine
Osino Resources (TSXV: OSI; US-OTC: OSIIF) plans to make its Twin Hills gold project in the Karibib gold district of central Namibia, 150 km northwest of the capital Windhoek, the “quickest discovery…
Lucara secures US$220 million for Karowe expansion
Canada’s Lucara Diamond (TSX:LUC) has secured up to US$220 million in credit-approved commitments for senior debt facilities, which will help it fund a five-year, US$514 million underground expansion of its Karowe mine…
Ivanhoe Mines promises zero emissions at Kamoa-Kakula
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) vowed today to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at its Kamoa-Kakula joint-venture in the Democratic Republic of Congo (DRC), as the…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
CIM 2021: Anglo American CEO Cutifani urges miners to ‘create the future’ – not be a victim of it
Tasked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani…
Tanzanian Gold’s Buckreef on course to be a significant gold producer, says CEO Stephen Mullowney
Tanzanian Gold’s (TSX: TNX; NYSE: TRX) Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania, is on track to become…
Africa Snapshot: Eight companies seeking opportunities
Be it gold, copper or uranium, the African continent has powerful resources for mining. And there are several industry-friendly governments that are ready to secure their futures with new resource…