Danakali secures $50 million investment from Africa Finance Corporation
The funds will allow the miner to speed up development of its world-class Colluli sulphate of project (SOP) in Eritrea.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Kinross Gold sells royalty portfolio to Maverix Metals for $74m
The deal involves 25 precious metals royalties and a number of early stage development and exploration projects.
Zijin Mining buys Canada’s Continental Gold in $1 billion deal
The deal would give China’s No.1 gold producer access to the Buriticá gold project in Colombia, expected to begin production next year.
Two members of Vale’s board step down in connection to deadly dam disaster
The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.
Codelco to cut spending by $8bn through 2028 as profit halves
The world's largest copper miner saw pre-tax earnings to September fall by 57% due to heavy rains, strikes and lower metal prices.
Lucara bets on diamond market recovery, plans mine expansion
The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
Canadian town of Asbestos, in Quebec, seeks new name
Former mining town asks residents to submit suggestions.
Oz Minerals to kick off construction at $35 million mine in Brazil after series of Vale deals
Pedra Branca underground mine is expected to have an annual production of about 18,000 tonnes of copper and 11,000 ounces of gold over an eight-year mine life.
Anglo American sells stake in Australian coal mine for $141m
A 12% interest in the Grosvenor coking coal mine is being acquired by a consortium of Japanese companies.
Aurania finds evidence of highly sought-after lost gold city in Ecuador
Company geologists found vestiges of an old road in the central part of its Lost Cities-Cutucu project.
Sandvik to build $37M mining service hub in Canada
Facility consolidates cutting, parts and aftermarket services to support potash, uranium and hard-rock mining by late 2026.
