Sibanye, Lonmin merge to create world’s largest platinum miner
The deal also establishes the Sibanye-Stillwater Group as the world’s second-biggest palladium miner.
Cecilia Jamasmie , Editor-in-Chief
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Barrick Gold considers $1B expansion of Pueblo Viejo mine
President and CEO Mark Bristow said the company expected to complete a feasibility study for the project, which could extend the life of the mine into the 2030s.
Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania woes — CEO
The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner it does not already own, at a discount.
Danakali about to secure financing for potash project in Eritrea
Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.
B2Gold not buying Zimbabwe project, not interested in M&A
The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.
Chile’s Codelco dismisses rumoured 40% copper output drop at Chuquicamata
The state-owned copper miner said that since mining at the open-pit mine ends in 2020, which is when the underground section begins commercial operations, it will able to keep productive capacity unchanged.
McEwen kicks off commercial production at Gold Bar in Nevada
Once at full-tilt, the open-pit operation is expected to generate 65,000 ounces of gold annually over an 8-year mine life.
World’s No. 2 lithium miner SQM sees demand growing by 17% this year
The Chilean lithium producer expects demand to grow about 17% in 2019 to at least 315,000 tonnes, compared to the less than 260,000 tonnes it totalled last year.
Zambia’s Chamber of Mines just deepened worries of sinking global copper output
Copper output in Africa’s second largest producing country could decline by as much as 100,000 tonnes this year, adding to recent, sharp declines at the world’s main producing nations.
Newcrest starts drilling at Greatland Gold’s project in Western Australia
The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.
Kidnappers kill Vizsla mine workers in Mexico
The focus remains on the safe return of those who remain missing, the company said.
