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 of $282 billion in the first quarter due to the COVID-19 pandemic. The sector’s recovery in Q2 was driven by a significant rally...
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 the process. The deal, first announced in March, brings together six operating mines in two locations – Burkina Faso and Côte d'Ivoire. Combined...
The final installment of Mines and Money Online Connect APAC, in partnership with the Queensland Government, delivered another packed schedule of networking and discussions and rounded off the three-day event, which attracted an average of 300 attendees per session and hosted over 500 investor meetings. Queensland’s...
In an attempt to keep up the conversation in the resources sector as the world faces the unprecedented challenge of a global pandemic, the Mines and Money events team has organised a two-part virtual conference series called Mines and Money Online Connect. The three-day APAC...
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 Julong Copper Co Ltd. Zijin will take a 50.1% stake in Tibet Julong, which owns rights to two copper deposits in Tibet: The...
Mines in Canada, the US and around the world have become hotspots for the spread of coronavirus, according to a report by an international coalition of non-profit groups, with approximately 4,000 mine workers across 18 countries testing positive. In a separate statement, more than 330 organisations...
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 in West Africa. The deal values Exore at US$60 million and will grant Perseus with ownership of the Bagoe, Liberty and Tengrela projects...
West Africa-focused gold miner Hummingbird Resources has become the latest member on the board of the World Gold Council having confirmed its membership with the world's leading gold authority yesterday. In joining the Council, AIM-listed Hummingbird will adopt and adhere to the Responsible Gold Mining Principles...
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 officially overtook South Africa as the continent’s top gold miner in 2018, when it produced 4.8 million ounces (Moz) compared to South...
Rio Tinto has apologised to the traditional owners of a 46,000-year old sacred indigenous site that was blown up with dynamite during work to expand its iron ore operation in Australia’s Pilbara region. The Anglo-Australian mining giant destroyed two ancient caves last week in Juukan Gorge,...