December 10, 2019

Magnis Energy signs construction contract for Tanzania graphite project

The fixed price for the turn-key solutions services is $277 million.

December 10, 2019

First Quantum quashes Rio rumor, says Jiangxi no threat

Executives were caught off guard by this week’s share purchase by Jiangxi Copper, but say there’s no chance that will lead to a takeover bid either.

December 10, 2019

Implats to close North American Palladium takeover this week

The C$758 million transaction, which was first announced in October, remains on track to close on December 13.

December 10, 2019

Petra Diamonds restarts South African mines

Mines across South Africa have shut down after flash flooding triggered the most severe power blackouts in more than a decade.

December 10, 2019

ICMM updates mine-community relations guide to reflect investors’ pressure

Improved guidance integrates the eight effectiveness criteria of the UN Guiding Principles on Business and Human Rights.

December 10, 2019

Palladium tops $1,900 as South Africa power cuts fuel supply woe

Palladium may “pause at $1,900 given some technical resistance, but overall the price could go higher.”

December 10, 2019

Anglo American cuts output targets for coal, iron ore and diamonds

While bullish on copper, the miner has also cut production guidance for 2020 to between 620,000 and 670,000 tonnes.

December 10, 2019

Madagascar to raise minerals taxes, take 20% stake in mining projects

Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.

December 10, 2019

South African mines grind to halt as floods worsen power crisis

Sector is experiencing the largest power blackouts in more than a decade.

December 10, 2019

Barrick to sell stake in Senegal project to Teranga Gold for up to $430m

Massawa, one of the highest-grade undeveloped open-pit gold reserves in West Africa, is 20 km away from Teranga’s flagship Sabodala mine.