August 20, 2021

Loncor drills deepest hole to date at Adumbi deposit

The deepest borehole intersected 25.59 m grading 2.39 g/t Au and 8.09 m grading 1.90 g/t Au.

August 20, 2021

Congo initiates probe into China Moly’s Tenke Fungurume mine

The government established a commission to ensure company is complying with its contractual obligations regarding the giant copper and cobalt project.

August 20, 2021

Madagascar mining minister resigns, citing online ‘slander’

Oonline criticism arose from charges of fraud Randrianasolo had faced in 2018 but were subsequently dismissed.

August 19, 2021

Zambian mines look to new leader to unlock $2 billion investment

Companies including First Quantum Minerals and EMR Capital are ready to raise funding for the projects.

August 19, 2021

Asante Gold completes $90 million Bibiani mine buy

Asante is now finalizing setting up the team in charge of bringing the Ghanaian gold mine back to production.

August 19, 2021

Gold Fields’ profit doubles, new CEO to look at acquisitions

The company expects to end the year with production of 2.3-2.35 million ounces of gold with no change to the production guidance.

August 18, 2021

Trevali feasibility outlines $111m capex for Rosh Pinah expansion

Once the project is commissioned, Trevali expects to reduce its operating costs by about 26% on a per tonne milled basis.

August 16, 2021

Massive expansions won’t hurt cobalt price as supply shifts to oligopoly – report

As Congo’s cheap surface oxide ore is depleted, big miners are switching to underground sulphide sources, potentially giving the top 3 control of half the global supply of the battery…

August 16, 2021

BlueRock shares jump on biggest diamond found at Kareevlei

The 58.6-carat diamond find follows the discovery of a 21.6 carat stone at the South African mine a week ago.

August 13, 2021

Tycoon may have shifted assets to Zimbabwe after US sanctions

Zimbabwe’s government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise.