Danakali secures $50 million investment from Africa Finance Corporation

The funds will allow the miner to speed up development of its world-class Colluli sulphate of project (SOP) in Eritrea.

Cecilia Jamasmie | December 3, 2019 | 5:52 am

Kinross Gold sells portfolio royalties to Maverix Metals for $74m

Kinross Gold sells royalty portfolio to Maverix Metals for $74m

The deal involves 25 precious metals royalties and a number of early stage development and exploration projects.

Cecilia Jamasmie | December 2, 2019 | 7:41 am

Zijin Mining to buy Canada's Continental Gold in $1 billion deal

Zijin Mining buys Canada’s Continental Gold in $1 billion deal

The deal would give China’s No.1 gold producer access to the Buriticá gold project in Colombia, expected to begin production next year.

Cecilia Jamasmie | December 2, 2019 | 5:00 am

Two members of Vale’s board step down in connection to deadly dam disaster

The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.

Cecilia Jamasmie | December 2, 2019 | 3:25 am

Future of copper production thrown into doubt by worker cuts

Codelco to cut spending by $8bn through 2028 as profit halves

The world's largest copper miner saw pre-tax earnings to September fall by 57% due to heavy rains, strikes and lower metal prices.

Cecilia Jamasmie | November 29, 2019 | 9:50 am

Lucara Diamond in the red as market conditions worsen

Lucara bets on diamond market recovery, plans mine expansion

The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.

Cecilia Jamasmie | November 29, 2019 | 3:54 am

Quebec mining town shortlists four new names to get fresh start

Canadian town of Asbestos, in Quebec, seeks new name

Former mining town asks residents to submit suggestions.

Cecilia Jamasmie | November 28, 2019 | 9:45 am

Oz Minerals kicks off construction at $35 million mine in Brazil after Vale deals

Oz Minerals to kick off construction at $35 million mine in Brazil after series of Vale deals

Pedra Branca underground mine is expected to have an annual production of about 18,000 tonnes of copper and 11,000 ounces of gold over an eight-year mine life.

Cecilia Jamasmie | November 28, 2019 | 3:53 am