Petra Diamonds completes restructuring
The diamond miner has concluded a reorganization, aimed at recapitalizing the business.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Newmont to buy GT Gold for $311 million
The all-cash deal gives Newmont the Tatogga gold-copper project, located in the Tahltan Nation's territory in northwestern BC.
Biden reimposes sanctions on mining magnate Dan Gertler
The Trump administration had quietly issued a special license that exempted Gertler from the sanctions until Jan. 31, 2022.
Cornish Metals closer to reopening tin-copper mine in UK
The Canadian miner has inked key deals that enable it to progress plans for the South Crofty mine in Cornwall.
NGOs lambaste LBMA’s gold sourcing program
Five advocacy groups have asked the EU not to endorse the market authority's policing of gold refineries.
Friedland-backed HPX to fast-track Guinea iron ore project
High Power Exploration (HPX) raised $200 million for its proposed Nimba iron ore mine in southeastern Guinea.
Sibanye calls for mega-merger with AngloGold, Gold Fields
The move would create a South African rival to the world’s largest producers, Newmont and Barrick Gold.
Tesla gets involved in New Caledonia mine to secure nickel supply
Tesla will be a “technical and industrial partner" in the Goro nickel mine, which is being acquired by a consortium led by Trafigura.
Petra sells 299 carat diamond for $12.18 million
The diamond, found at the iconic Cullinan mine in South Africa was sold to Belgium-based Stargems DMCC for $12.1 million.
Savannah’s Portugal lithium project may cost less than expected
Early results from metallurgical test work at Mina do Barroso show potential for lower capital and operating costs.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
