China’s Gangfeng Lithium - the world’s largest lithium metal producer - has made a £14.4 million investment in London-listed Bacanora Lithium, in a bid to secure additional supply of the coveted battery metal. Gangfeng is purchasing a 29.9% stake in Bacanora at 25p per share but...
ASX-listed gold producer St Barbara is set to complete a US$536 million deal to buy Canadian miner Atlantic Gold Corp, as mergers and acquisitions (M&A) activity continues to ramp up in the global gold sector this year. Melbourne-based St Barbara offered C$2.90 a share for Atlantic...
The world’s biggest platinum mining companies will meet with South Africa’s labour unions this month to negotiate a three-year wage deal, in one of the first tests of Cyril Ramaphosa’s new presidency. Tensions are rising in the platinum sector on both sides and there are...
Rio Tinto and several of its large diversified rivals managed to further increase profit margins and cash flows during the 2018 financial year, according to a recent Fitch Solutions report. The report outlined how improved financial performances were a result of miners streamlining their operations, cutting...
Lithium companies Lepidico and Desert Lion Energy have announced they will join forces to create a ‘global leader in the development of lithium chemicals from lepidolite’. Perth-based Lepidico will acquire all of Desert Lion’s outstanding common shares after the two entered into a definitive arrangement agreement. “The...
Newmont Goldcorp is expected to produce 8.4 million ounces of gold in 2019, equating to 7.1% of total global output, after becoming the world’s largest gold producer through the recent merger with Goldcorp. The new gold giant’s main rival, and JV partner in the Nevada goldfields,...
Anglo American and Rio Tinto have become founding donors to the World Bank’s Climate-Smart Mining initiative – the first ever fund dedicated to making mining a more sustainable practice. The World Bank said the facility will focus on helping resource-rich developing countries benefit from increasing global...
TSX-V-listed Alphamin Resources has begun hot commissioning its Bisie tin mine in the rainforest of North Kivu, Democratic Republic of Congo (DRC). Bisie is considered one of the world’s highest grade tin deposits, with an updated feasibility indicating that the mine could produce 152,300 tonnes of...
The renewable energy industry in the US has been projected to generate more electricity than coal during April, according to a recent report published by the Institute for Energy Economics and Financial Analysis (IEEFA). This resembles the first month in US history that renewable energy will...
The World Bank and non-profit organisation Pact have published a report on the artisanal and small-scale mining (ASM) sector, which aims to create a ‘global platform’ to better collect accurate and reliable information from the industry. The report, titled State of the Artisanal and Small-Scale Mining...