November 6, 2020

MINING.COM MINUTE: Biggest stories of the week

China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine

November 6, 2020

Nordgold equips West Africa training centre with mining simulator

Company expects the total investment, including the construction of the centre and the purchase of the equipment, to cost approximately $800,000.

November 6, 2020

De Beers to close Damtshaa mine in Botswana

The miner produced 12.3 million carats in the first nine months of 2020, down 29% from the same period in 2019.

November 6, 2020

Sumitomo to resume Ambatovy operations early 2021

The company also reported a record net loss of 60.2 billion yen ($583 million) for the first half of its financial year.

November 5, 2020

Kinross shares up on Q3 results

Company reported production of 603,312 attributable gold equivalent ounces in the third quarter of 2020.

November 5, 2020

Tanzania finalizing permit for its first rare earth mine

The East African nation plans to increase mineral earnings by at least a third during the next three years.

November 5, 2020

Barrick raises dividend as profit soars on strong gold prices

The world's second largest gold miner benefitted from a surge in prices fuelled by widespread coronavirus stimulus measures unveiled globally.

November 4, 2020

US Court awards $135m to shareholders of DRC mine

The shareholders were recognized as “victims of crime” by the court for loss of their interest in the prospective Kalukundi copper and cobalt mine in southern Congo.

November 4, 2020

Barrick appoints former World Bank exec to board

The gold miner has named former World Bank executive Anne Kabagambe as independent director.

November 4, 2020

Lucara strikes new cut and polish deal with Louis Vuitton

The luxury house will turn Lucara’s 549-carat Sethunya diamond into fine jewellery.