AIM-listed gold miner Chaarat has appointed South 32’s outgoing corporate operating officer (COO) Mike Fraser as its new chief executive, in a move which will take effect on January 17, 2022. In a statement, the incoming CEO detailed his excitement to take Chaarat, which owns the...
Egyptian billionaire Naguib Sawiris has set up a US$1.4 billion fund for gold mining investments held within his Luxembourg-based La Mancha investment firm. Sawiris said the new vehicle, named La Mancha Fund SCSp, will be a ‘deep value, long-only fund’ dedicated to gold mining and open...
Russian gold miner Nordgold has stopped planning for an initial public offering (IPO) on the London Stock Exchange, just two weeks after announcing its intentions to sell a 25% stake to investors, including via a secondary listing in Moscow. Nordgold said on Tuesday it would ‘not...
Mines and Money continues to fill the void left by COVID-19 in the physical mining conferencing calendar with its Online Connect series, which aims to connect mining companies with the investment community on a digital platform, while providing cutting-edge content featuring some of the brightest...
The threat of new COVID-19 restrictions in economies around the world pushed the gold price to its lowest point in nearly two months yesterday, as part of a wider sell-off seen across global stock markets. US gold futures fell by 3.9% to US$1,885.40 per ounce on...
An imminent global economic downturn brought on by the COVID-19 (coronavirus) pandemic will push the value of gold to US$3,000 per ounce by October 2021, Bank of America has projected. The firm's analysts lifted their 18-month price target for the precious metal from $2,000 per ounce...
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...
The extent of illegal artisanal mining across the Amazon rainforest has been revealed in a new map which pinpoints 2,312 sites in 245 areas across six Amazon countries. The map was produced by Amazon Socio-Environmental, Geo-referenced Information Project (or RAISG), which is comprised of non-government environmental...
Australian gold producer Evolution Mining will lead the discussion on mining technology and innovation at Unearthed Sydney 2018. The fourth edition of the hackathon will take place from 12-14 October at the Amazon Web Services (AMS) Sydney office, and invites attendees to dig through data and...
Embattled Tanzania-based gold producer Acacia Mining has announced that its chairman Kelvin Dushnisky will leave the post to become fellow African miner AngloGold Ashanti’s new boss. Dushnisky leaves Acacia with the company still in the midst of a bitter dispute with the Tanzanian government over alleged...