Newmont Mining Corp will acquire Canadian rival Goldcorp in a deal valued at US$10 billion which will create the world’s biggest gold producer by output. The share-based deal brings together two giants of the global gold sector who produced a combined 7.9 million ounces (Moz) of...
A new report by Fitch Solutions has predicted gold miners to continue cost-cutting measures in 2019, with more mergers and acquisitions (M&A) expected following last year’s Barrick-Randgold mega-merger. The study concluded that largest firms in the world are likely to remain committed to spending cuts in...
Investing in African Mining Indaba officially opened trading on the London Stock Exchange (LSE) this morning, with Mining Indaba’s 25th anniversary event in Cape Town less than a month away. The market was opened by Mark Shashoua, CEO of ITE Group plc, which acquired Mining Indaba...
ASX-listed Resolute Mining increased its gold production by 33% in the quarter ending December 2018, a period which managing director John Welborn described as a ‘turning point’ for the company. Total gold output stood at 73,691 ounces in the last quarter of the calendar year, with...
Sources of renewable energy accounted for just over 40% of Germany’s electricity production in 2018, overtaking coal as the country’s main source of energy for the first time. Coal-fired power accounted for 38% of Germany’s total energy supply last year, with its position set to further...
Barrick Gold Corp, the world’s largest bullion miner, officially began trading as a merged entity with Randgold Resources on Wednesday, after the US$18.3 billion mega-deal gained final approval last month. The company’s shares will be traded on the New York Stock Exchange under the ticker GOLD,...
The mining equipment market has been estimated to be US$77.7 billion in 2018, and has been projected to reach $112.3 billion by 2025, according to a report by Research and Markets. The stabilisation of commodity prices after the lows of 2015-16 has strenghtened the mining equipment...
On Friday December 21st Germany will close its last black coal mine, marking the end of two centuries of coal mining history in the Ruhr region. The Prosper-Haniel colliery, near the Western town of Bottrop, will be formally closed after the final shift is completed by...
Resolute Mining has delivered first gold from its Syama underground mine in Mali – the world’s first purpose-built, fully automated sub-level cave mine. The ASX-listed miner extracted first ore from the Southern end of the 1105 level of Syama, which marks the beginning of the much...
Dominion Diamond Mines has announced the discovery of a 552-carat diamond from one of its Canadian mines, claiming it to be the largest gem-quality stone ever found in North America. The yellowish stone, found at the Diavik Mine in Canada´s Northwest Territories near the Arctic Circle,...