News

UK’s £3 billion ‘green recovery’ a drop in the ocean, says REA

The UK’s largest renewable energy body has branded the government’s £3 billion ‘green recovery’ plan ‘a mere drop in the ocean’ in the...

09 July, 2020

Equinor makes new discovery in mature part of Norwegian North Sea

Equinor announced yesterday the discovery of gas and condensate in an exploration well near the Kvitebjorn field in the Norwegian section of the...

09 July, 2020

Thailand’s Gulf Energy acquires 50% stake in German offshore wind farm

Thailand’s Gulf Energy Development will pay US$631 million to Global Infrastructure Partners (GIP) for a 50% stake in the Borkum Riffgrund 2 Offshore...

08 July, 2020

World’s largest listed mining firms claw back market value in Q2

The world’s 50 most valuable mining companies added US$249.5 billion in market capitalisation over the three months to end June, following collective losses...

07 July, 2020

Endeavour completes acquisition of Semafo, creating West Africa’s top gold producer

Canada’s Endeavour Mining yesterday announced the completion of its US$732 million acquisition of smaller group Semafo, becoming West Africa’s biggest gold producer in...

03 July, 2020

Mines and Money Online Connect (EMEA) day three round-up

Mines and Money’s excellent Online Connect EMEA conference drew to a close today, with investors and mining companies raising a drink to a...

02 July, 2020

Mines and Money Online Connect (EMEA) – Day two round-up

Day two of Mines and Money Online Connect EMEA delivered another jam-packed day of virtual networking, lively discussions and informative presentations from resources...

01 July, 2020

Mines and Money Online Connect (EMEA) – Day one round-up

Following the hugely successful Online Connect APAC conference last week, Mines and Money on Tuesday opened the Europe, Middle East and Americas (EMEA)...

30 June, 2020

Gold industry must spend $37 billion on greenfields projects and restarts

Wood Mackenzie has estimated that the gold industry would need to invest around US$37 billion on greenfield projects and restarts over the next...

29 June, 2020

Renewable energy provides close to 50% of UK’s electricity in Q1

Surging wind power propelled renewable energy to provide almost half of the UK’s electricity in the first three months of the year, smashing...

26 June, 2020

Mines and Money Online Connect (APAC) day three round-up:

The final installment of Mines and Money Online Connect APAC, in partnership with the Queensland Government, delivered another packed schedule of networking and...

25 June, 2020

Mines and Money Online Connect (APAC) day two round-up

Mines and Money’s Online Connect APAC series moved into its second day today, featuring a typical smattering of resources sector experts and executives...

24 June, 2020

Mines and Money Online Connect (APAC) – Day one round-up

In an attempt to keep up the conversation in the resources sector as the world faces the unprecedented challenge of a global pandemic,...

23 June, 2020

Minerals Council of Australia publishes carbon emissions reduction road plan

Australia’s peak mining lobby group – The Minerals Council of Australia – has released a road map to cut carbon emissions at mine...

22 June, 2020

Construction commences at green energy storing liquid air battery in UK

Energy storage company Highview Power has started construction of its first grid-scale liquid air battery in the UK, which will store renewable electricity...

19 June, 2020

Barrick Gold sells $210 million stake in China’s Shandong Gold Mining

Barrick Gold has confirmed it sold a partial stake in Shandong Gold Mining for US$210 million following a rise in the Chinese gold firm’s...

18 June, 2020

Australian renewables firm Infigen Energy agrees $569 million sale to Iberdrola

Spain’s Iberdrola has had an US$569 million bid for Australian wind and solar firm Infigen Energy accepted, as it looks to further grow...

17 June, 2020

Oil makes gains but BP forecasts lower prices for decades

Oil prices built by more than 2% on Monday based on confidence in OPEC+ members complying with a record production cuts agreement and...

16 June, 2020

Global gold mine production to rebound in coming years, says Fitch report

Global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining...

15 June, 2020

South African mining output collapses by nearly 50% in April

The implementation of a nationwide lockdown to contain the spread of COVID-19 in South Africa caused total mining production to fold by 47.3%...

12 June, 2020

BP announces accelerated plans to cut 10,000 jobs

BP has informed its staff that 10,000 jobs will be cut following the crash in oil prices earlier this year and as the...

11 June, 2020

Offshore wind offers 1.4TW by 2050, says industry coalition

The offshore wind industry could provide up to 1.4TW of renewable energy capacity by 2050, according to the Ocean Renewable Energy Action Coalition...

10 June, 2020

Hummingbird Resources grows West African gold portfolio with Guinean acquisition

AIM-listed miner Hummingbird Resources yesterday announced the acquisition of the Kouroussa Gold Project in Guinea from junior explorer Cassidy Gold Corp, expanding into...

09 June, 2020

China’s Zijin Mining to acquire $550 million stake in smaller copper firm

China’s Zijin Mining Group Co said on Sunday it would pay US$548 million to acquire a majority stake fellow Chinese mining group Tibet...

08 June, 2020

OPEC and allies agree to extension of record supply cuts to July

The global oil cartel known as OPEC+ on Saturday agreed to extend record oil production cuts until the end of July, in a...

08 June, 2020

Mine sites are hotspots for COVID-19, new report finds

Mines in Canada, the US and around the world have become hotspots for the spread of coronavirus, according to a report by an...

05 June, 2020

Perseus Mining expands West African gold portfolio with Exore Resources acquisition

ASX-listed Perseus Mining has entered into an acquisition agreement with Côte d’Ivoire-focused gold explorer Exore Resources, which will expand the former’s gold portfolio...

04 June, 2020

Total gives lift off to 1075MW Scottish wind project with majority investment

SSE Renewables has reached financial close on the 1075MW Seagreen offshore wind project off the coast of Scotland after reaching a deal with...

04 June, 2020

Hummingbird Resources joins Board of Members at the World Gold Council

West Africa-focused gold miner Hummingbird Resources has become the latest member on the board of the World Gold Council having confirmed its membership...

03 June, 2020

Ghana increases industrial gold production by 6% in 2019

Ghana has cemented its position as Africa’s largest gold producer after increasing its industrial gold output by 6% in 2019. The West African country...

02 June, 2020