Zijin Mining Group of China has struck a $1 billion deal to acquire Newmont Corporation’s gold project in Ghana, a transaction that underscores China’s growing influence in the global mining sector. The acquisition involves Newmont’s Ahafo North project, a major asset located in the Ashanti region, part of Ghana’s richContinue Reading
Ambatovy, Madagascar’s nickel and cobalt mining operation, has halted a pipeline transporting ore from its eastern mine to a processing and refining facility due to damage, as reported by its major shareholder, Sumitomo Corp. While Ambatovy assesses the operational impact and recovery timeline, traders suggest that a prolonged shutdown exceedingContinue Reading
The Minister of Solid Minerals Development, Mr. Dele Alake, has issued a warning against the arbitrary closure of mining operations by state governments, emphasizing that such actions could jeopardize the federal government’s efforts to attract Foreign Direct Investments (FDI). Alake made this statement while announcing the formation of a fact-findingContinue Reading
A conflict between a Glencore Plc subsidiary and the Democratic Republic of Congo centers on a deal made years ago by Israeli businessman Dan Gertler. According to Congo’s mines minister, the dispute involving a Glencore-owned copper and cobalt mine concerns royalty payments made to Gertler, who was sanctioned by theContinue Reading
Angola’s state-owned diamond producer, Endiama Mining SA, acknowledged that some clients are hesitant to engage due to its partnership with Russia’s Alrosa PJSC, but emphasized that its diamond output is not subject to Western sanctions. Alrosa holds a 41% stake in the Catoca operation and a significant share in theContinue Reading
Barrick, a major player in gold and copper mining, has begun preparing for the development of the Lumwana super pit as part of a potential $2bn (C$2.71bn) expansion project, pending a final investment decision. If approved, this expansion would transform the Zambian Lumwana mine into a key global source ofContinue Reading
Millions in Ghana face severe consequences due to illegal gold mining, locally known as “galamsey.” This practice has led to extensive environmental degradation, particularly in rural areas. Despite widespread public outcry, illegal mining continues, contaminating rivers with toxic chemicals and undermining the country’s agricultural potential and public health. Both localsContinue Reading
Venancio Mondlane, the independent presidential candidate backed by Podemos (Party of Optimists for the Development of Mozambique), has promised to legalize artisanal mining in the northern province of Cabo Delgado, if he wins the election scheduled for 9 October. Speaking to potential voters at a rally, held on Sunday inContinue Reading
Barrick Gold Corporation has awarded Metso a major order for the supply of copper concentrator plant equipment to their Lumwana expansion project in North-Western Province in Zambia. Metso’s scope of delivery includes key equipment for grinding, flotation, thickening, feeding and filtration. The value of the order is approximately EUR 70 million, and it isContinue Reading
Barrick Gold Corp (ABX.TO) and the Malian government have agreed to work toward resolving disputes and claims related to the Loulo and Gounkoto gold mines in Mali, according to a statement released by Barrick on Monday. This announcement follows the arrest of four Barrick employees by Malian authorities two daysContinue Reading
