The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
Democratic Republic of the Congo Mining News
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.
Employees who had staged an illegal sit-in at the mine returned to work Wednesday after management and authorities reached a deal with them, the company said.
Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.
The Kibali gold mine in the Democratic Republic of Congo has continued its performance improvement in the second half of the year after a tough first half.
Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.
The new venture is part of Randgold's ambitious plan to discover three new deposits in the next five years.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
The gold miner also expects to be in a position to increase dividends by the end of the year.
Congo began reviewing its mining code in 2012, aiming to increase state revenues and tighten environmental and social regulations, but it has yet to make a decision about it.
Last year, the country's cobalt production accounted for just over half of the world's output.
International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.
Group of 42 Congolese non-governmental organizations (NGOs) say difficult market conditions do not justify further delays.
The layoffs may increase to 1,800 if the metal prices don’t recover soon, said the company.
The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.
The firm also said it would continue to invest in exploration, which remains the engine that drives its business.
Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.
The agreement with Windmill, a private fertilizer producer in Southern Africa, is expected to bring in net revenue of $300,000.
The firm, debt-free despite current market conditions, mined a record 305,288 ounces in the third quarter, up from 299,320 a year earlier.
The contract will give the company, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.
The company plans to create a vertically integrated operator to tap into a region that buys in an estimated 10 million tonnes of fertilizer a year.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.
The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.