Vedanta says it has arranged $250 million to settle Zambian copper mine debts

Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM.

Reuters | July 5, 2024 | 10:19 am

Trinity Metals gets $3.8 million US funding for ESG projects at Rwanda operations

Trinity was formed from the merger of Africa’s largest tungsten mine and Rwanda’s two largest tin mines.

Staff Writer | July 4, 2024 | 4:38 pm

GoviEx Uranium has mining licence in Niger revoked, shares plummet

With an expected cost of $343 million, the Madaouela project was poised for development and had started to advance despite the political changes.

Staff Writer | July 4, 2024 | 11:13 am

Gold, copper equities to rise, metals flat: analysts

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.

Colin McClelland - The Northern Miner | July 4, 2024 | 7:51 am

Ivory Coast says Endeavour leak sickened people, killed fish

The miner had said a valve ruptured on June 23, releasing 3,000 liters of mud containing cyanide into a canal within the perimeter of its Ity mine.

Bloomberg News | July 3, 2024 | 11:03 am

Gem Diamonds unearths 123-carat stone in Lesotho

This is the eighth stone over 100 carats found at the Letšeng mine in 2024.

Staff Writer | July 3, 2024 | 10:12 am

UAE’S IHC unit withdraws offer for Vedanta’s Zambian copper mines over price

International Resources Holding had wanted a majority stake in Konkola Copper Mines to consolidate its position in Zambia after buying a 51% stake in Mopani.

Reuters | July 3, 2024 | 8:16 am