March 7, 2024

Forsys Metals shares jump on uranium project licence renewal

Its exclusive prospecting licence for the Namibplaas uranium deposit has been renewed for two years.

March 7, 2024

Dundee Precious Metals sells Tsumeb smelter in Namibia for $49 million

Dundee acquired the smelter in 2010 to secure a processing plant for the complex concentrate from the company’s Chelopech mine in Bulgaria.

March 7, 2024

Fortuna Silver takes $90.6m charge on Mexican mine closure

It will cease activities at its San José mine in Mexico this year, six months earlier than planned, due to rising costs and depleted reserves.

March 6, 2024

Platinum’s worst crisis in decades hits jobs in South Africa

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

March 6, 2024

US court sides with Apple, Tesla, other tech companies over child labor in Africa

A federal appeals court refused to hold the companies liable over their alleged support for the use of child labor in cobalt mining in the DRC.

March 6, 2024

Platinum deficit in 2024 to be deeper than expected – WPIC

Platinum demand surged 25% in 2023, seen down 6% in 2024.

March 5, 2024

Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.

March 4, 2024

Barrick cuts cyanide by 80% by adding glycine leach for gold recovery

In 2023, Barrick rolled out a global testing and implementation program with the goal of using GlyCat to unlock substantive savings.

March 4, 2024

First Quantum touts interest in its Zambia copper operations

The company has been under pressure to strengthen its balance sheet and raise cash after its flagship copper mine in Panama was shuttered.

March 1, 2024

Debswana diamond sales down 25.1% in 2023 on weak demand

Debswana sold diamonds worth $3.44 billion in 2023 from $4.59 billion registered in 2022.