West Africa-focused miner Orezone Gold Corp has confirmed that its 2019 drilling campaign results support the presence of a higher grade plunging gold system at its 90%-owned Bomboré gold project in Burkina Faso. The results were contained in a statement published yesterday and included a highlight...
Barrick Gold Corporation has reached an agreement with Saracen Mineral Holdings for the sale of its 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia for a fee of US$750 million. The world’s second largest gold producer said that funds from the sale will...
The Australia-Africa Minerals and Energy Group (AAMEG) will form a crisis and security group for the West Africa region after employees of an Australian mining contractor were killed in Burkina Faso last week. The November 7 incident saw gunmen open fire on several buses transporting workers...
BHP has opted for in-company experience with the appointment of Mike Henry as its new chief executive to replace the retiring Andrew Mackenzie, who has led the company since 2013. Henry is a veteran BHP executive and will move from his current post as head of...
ASX-listed AVZ Minerals has executed a subscription agreement that will see Chinese lithium chemical producer Yibin Tianyi Lithium Industry Co take a 12% stake in the company for AUS$14.1 million. The deal provides a foundation for AVZ and Yibin Tianyi to negotiate a binding offtake agreement...
The construction permit for Southern Copper Corp’s US$1.4 billion Tia Maria copper mine has been restored by the Peruvian government, after it had suspended the licence in August amid rising local protests. Prime Minister Vicente Zeballos said on Wednesday the government would not ‘impose’ the project...
Australian miner SolGold has revealed that ‘significant improvements’ have been made at its Alpala copper project in Ecuador following the successful completion of metallurgical test work. The London and Toronto-listed firm reported an estimated 3.8% copper recovery increase, giving a life of mine (LOM) average of...
Canada’s Taseko Mines and Australia-based TNG Ltd both announced plans to list on the London Stock Exchange (LSE), in a boost to the market which has recently been weighed down by Brexit-related uncertainty. Copper producer Taseko is already listed in Toronto and New York, but hopes...
BHP has announced that it will supply all of its copper mines in Chile with renewable energy from 2021 after signing four new contracts with Chilean utility companies. The renewable energy deals will cut energy costs by an estimated 20% at the mining giant’s Escondida and...
Barrick Gold Corp has announced a breakthrough deal with the Tanzanian government over a long-running tax dispute with its subsidiary company Acacia Mining. The tax deal will see Barrick pay a US$300 million settlement fee to Tanzania, who will in turn lift a concentrate export ban...