Guinea approves SMB-Winning deal for Simandou
The consortium won a $14 billion tender last November to develop blocks 1 and 2 of the largest known deposit of its kind.
Latest Stories
Mponeng mine restarts slowly after covid-19 closure
AngloGold aims to gradually ramp up to 50% capacity at the mine.
O3 Mining triples Quebec drill program, stock up
Shares of O3 Mining were up 4% midday Thursday.
SolGold launches $20m fundraising for Alpala exploration
The Ecuador-focused miner seeks to raise enough to fund a definitive feasibility study on Alpala.
Copper price rally builds as China’s spending balloons
Copper now up 27% from covid-19 lows as China’s $700bn “new infrastructure” spending kicks into gear – 10,000 5G base stations are being built per week.
Magnitude 6.8 earthquake hits northern Chile; copper, lithium mines unaffected
BHP and Antofagasta said there are no damage or operational problems at their sites.
Pure Gold’s 30,000m drill program underway, stock rallies
Shares of Pure Gold Mining climbed 4.7% to a near 52-week high.
Russia declares state of emergency over Nornickel’s Arctic fuel spill
Cause of the spill is likely a combination of both climate change and infrastructure-related factors.
Mexico mining output to shrink 17% in 2020
Even though mining activities have resumed, exploration would remain on hold for the time being.
