Gold prices and poverty fuel illegal mining in Peru’s Amazon Illegal mining has spread across Peru's Amazon region and the Andes since the Covid-19 pandemic sent the economy into recession. Reuters | October 1, 2024 | 8:47 am
Velocity Minerals sells Bulgarian assets for $59 million cash The sale includes the Rozino project, which is permitted and has been advanced to the pre-feasibility stage. Staff Writer | October 1, 2024 | 8:30 am
Barrick reaches deal with Mali after reports staff were detained Mali’s junta in 2023 adopted a new mining code that could see the government increase its stake to 35% in existing gold mines. Bloomberg News | September 30, 2024 | 12:58 pm
Barrick, Mali government to find resolution for Loulo and Gounkoto gold mines The statement from the world's second largest miner comes two days after the Malian government arrested four employees of the company. Reuters | September 30, 2024 | 11:22 am
Metals Creek reactivates Yellow Fox project amid antimony crunch In 2011, Metals Creek’s initial search at Yellow Fox found high levels of gold and antimony. Staff Writer | September 30, 2024 | 11:15 am
Thor Explorations denies allegations of tax evasion in Nigeria The state of Osun alleges that the company has dodged over 3.25 billion Nigerian naira (approximately $1.9 million) in taxes. Staff Writer | September 30, 2024 | 9:15 am
Alchemy Resources signs lithium partnership with Japan’s JOGMEC The Japanese government agency can earn up to 51% of the company's Roe Hills tenure in Western Australia. Reuters | September 29, 2024 | 4:58 pm
Tanzania orders gold dealers to reserve 20% for purchase by central bank In the 12 months to June, the central bank bought 418 kg of gold to beef up its reserves. Reuters | September 28, 2024 | 4:19 pm
Mali junta arrests four employees of Barrick Gold The junta has sought to channel a greater share of gold revenue to state coffers. Reuters | September 28, 2024 | 11:28 am
