Barrick to sell stake in Senegal project to Teranga Gold for about $430m

Barrick to sell stake in Senegal project to Teranga Gold for up to $430m

Massawa, one of the highest-grade undeveloped open-pit gold reserves in West Africa, is 20 km away from Teranga’s flagship Sabodala mine.

Cecilia Jamasmie | December 10, 2019 | 3:45 am

Petra scraps company sale after debt-for-equity deal

Petra Diamonds halts all mines in South Africa due to power issues

Production, hoisting and processing have stopped immediately at Cullinan, Finsch and Koffiefontein mines.

Cecilia Jamasmie | December 9, 2019 | 9:23 am

Mali quashed grant of B2Gold permit to upstart miner

B2Gold’s drilling results for Fekola mine in Mali show room to grow north

Company has also completed over 45,000 metres of combined aircore, diamond and reverse circulation drilling in the Anaconda region.

Cecilia Jamasmie | December 9, 2019 | 7:07 am

Savannah Resources secures first of three mining licences for Mozambique project

The miner, which operates the Mutamba project in a joint venture with Rio Tinto, says permit is valid to April 2044.

Cecilia Jamasmie | December 9, 2019 | 4:45 am

Lynas beats profit estimates as prices of rare earths soar

Rare earth miner Lynas picks Kalgoorlie for processing plant

The plant will perform the first step of processing rare earths from its Mt Weld mine, which had been shipped to Malaysia.

Cecilia Jamasmie | December 9, 2019 | 3:31 am

Colombia signs agreement to establish national mining company

Colombia’s artisanal gold miners now part of a traceable global supply chain

More than five hundred gold panners have received support from an on-the-ground team to attain socially and environmentally responsible mining practices standards.

Cecilia Jamasmie | December 6, 2019 | 11:00 am

Australia’s mining tycoon Andrew Forrest invests in giant solar farm

Australian mining tycoon Andrew Forrest invests in giant solar farm

Sun Brilliance has been working on a 100-megawatt solar farm at Cunderdin since 2016.

Cecilia Jamasmie | December 6, 2019 | 4:24 am

Lundin Gold beats 2021 production targets at Fruta del Norte

Kinross walks away from Ecuador project with Lundin stake sale

It is selling its remaining 20.7 million shares in the Vancouver-based gold miner to the other two major investors — Newcrest and the Lundin Family Trust.

Cecilia Jamasmie | December 5, 2019 | 9:39 am