London-listed exploration and development firm Kodal Minerals has submitted a mining licence application for its Bougouni lithium project in Mali. As part of its mining licence application, Kodal completed a feasibility study for the project and submitted its contents to the Mali Government. The study envisages an...
South Africa’s ministry of mines has announced that the industry recorded the lowest number of mine deaths on record in 2019, with 51 people killed compared to 81 in the previous year. Minister of Mineral Resources and Energy Gwede Mantashe delivered the 2019 mine health and...
Anglo American has reported a 4% rise in total production for the final quarter of 2019, despite a severe drought in Chile pulling back copper production in the last three months of the year. Output from its flagship Los Bronces mine plummeted by 28%, which pulled...
Ruby and emerald miner Gemfields Group will rejoin London’s alternative investment market (AIM) on February 14th, three years after a hostile takeover deal took the company private. Gemfields was acquired by major shareholder Pallinghurst for US$212 million in 2017 but is now poised to return...
Canada’s Endeavour Mining has dropped its plan to acquire Egypt-focused Centamin for US$1.9 billion as it did not get enough information on the latter’s assets during an assessment. Centamin’s sole operating asset is the Sukari Gold Mine, located in the Eastern Desert approximately 700 km from...
Resolute Mining has signed a definitive agreement to sell the Ravenswood Gold Mine in Queensland for US$206.9 million, as the gold miner doubles down on its African portfolio. The Ravenswood mine will be acquired by a consortium comprised of a fund (EMR Fund) managed by EMR...
South Africa’s mining industry body has made a statement urging President Cyril Ramaphosa’s government to take a number of critical steps needed to address the country’s ‘economic crisis’. The Minerals Council South Africa said it believes that insecurity of power supply is at the heart of...
Egypt-focused gold miner Centamin improved gold output from its flagship Sukari mine by 51% in the final quarter of 2019, driven by better feed grades, metallurgical recoveries and a year-end plant drawdown of gold in-circuit. The London-listed firm produced 148,387 ounces of gold in Q4, contributing...
West African miner Teranga Gold exceeded the top end of its 2019 gold production guidance to cap a year which saw the Toronto-based firm become a multi-asset gold producer in the region. Year-on-year gold production increased by 18% to 288,768 ounces in 2019, with the Wahgnion...
Anglo American has confirmed it is in advanced discussions with London-listed miner Sirius Minerals after proposing a takeover offer valuing the struggling company at about £386 million (US$507 million). The 5.5p per share cash bid comes in at 34% above Sirius’ current share price, which has...