Barrick Gold Corporation and Reunion Gold Corporation have announced that they will be joining forces to pursue key assets in South America. This move is part of a larger effort by the two companies to expand their presence in the region and capitalize on the vast mineral resources that are available in the area. The…
Anglo Asian Mining PLC (AIM:AAZ) is back in the black after the company reported a pre-tax profit of $3.5 million for the six months ended 30 June 2017. The turnaround was driven by a doubling of copper production and a surge in gold sales. The London-listed company, which operates the Gedabek gold, copper and silver…
The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
Copper and nickel prices have been on the rise in recent weeks as European countries scramble to secure enough of the metals to meet their industrial needs. The price of copper has jumped by more than 10% since early April, while nickel has seen an even bigger surge, rising by more than 20%. The price…
South Africa has been hit by an investment strike, as the country’s largest mining employer, Anglo American, announced that it plans to reduce its investment in the country. The announcement comes as the country continues to grapple with economic issues, including a recession and a high unemployment rate. Anglo American said that it plans to…
Zimbabwe has accused the United States of lying about the use of forced labour in its diamond-mining industry. The US State Department released a report in February this year that alleged that the Zimbabwean government was using forced labour in the diamond-mining sector, in particular in the Marange diamond fields. The report said that the…
China, the world’s largest coal producer and consumer, is reportedly considering ending a ban on Australian coal imports amid fears that the ban could cause a shortage of the commodity in the country. The news comes after the Chinese government imposed a ban on Australian coal imports in late 2020, citing “quality and environmental problems”…
Metallic Minerals Corp. has signed a production royalty agreement with celebrity miner, Dakota Fred Hurt, that will allow Metallic Minerals Corp. to conduct exploration, development and mining operations on Hurt’s gold claims in the Yukon. The exciting development is expected to boost Metallic Minerals’ presence in the Yukon gold rush. Metallic Minerals will now have…
On July 1, 2020, Essential Metals Limited (ASX: ESN) announced that it had rejected the takeover bid from China’s Tianqi Lithium Corporation and its Australian partner IGO Limited. The offer had been made in June and was valued at A$1.67 billion. Essential Metals is a specialty metals company that is focused on the exploration and…
Mosaic Co., one of the world’s largest producers of potash fertilizer, has announced plans to reduce production at its Colonsay potash mine in Saskatchewan, Canada. The move is part of a broader strategy to reduce costs and streamline the company’s operations in the face of a challenging market environment. The Colonsay mine is one of…