Canadian Mining Journal


Africa


  • BUYOUT: Barrick to buy out Acacia minority shareholders

    May 22, 2019 by Canadian Mining Journal

    TORONTO – Barrick Gold has indicated it is willing to buy out the minority shareholders of Acacia Mining if that is what it takes to resolve tax and environmental woes of Acacia in Tanzania. Barrick already holds 63.9% of Acacia’s

  • News

    GOLD: Avesoro boosts reserves at Youga mine

    May 8, 2019 by Northern Miner Staff

    BURKINA FASO – Avesoro Resources has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life of the open pit operation by an additional four years to 2031. The junior, which also produces gold at

  • News

    COPPER: Ivanhoe extends strike length at Kamoa North Bonanza zone

    May 6, 2019 by Northern Miner Staff

    DEMOCRATIC REPUBLIC OF CONGO – Earlier this year, Ivanhoe Mines discovered a shallow, thick zone of bonanza grade copper mineralization on its Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC), with drill hole 1450 returning 13.05% copper over 22 metres.

  • News

    DIAMONDS: Lucara pulls 1,758-ct near gem from Karowe mine

    April 25, 2019 by Canadian Mining Journal

    BOTSWANA – Lucara Diamond Corp., headquartered in Vancouver, has pulled another gigantic diamond from its Karowe mine. It is described as weighing 1,758 carats, variable quality near gem. It is the largest stone ever  mined at Karowe. In November 2015,the

  • News

    COPPER: Ivanhoe gets half-billion-dollar injection from CITIC

    April 25, 2019 by Canadian Mining Journal

    VANCOUVER – Ivanhoe Mines has received a us$454 million investment from the  African subsidiary of Chinese company CITIC Metals. CITIC has agreed to purchase more than 153.7 million Ivanhoe shares at a price of C$3.98. This is the second major

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    COPPER-GOLD: Lundin to pay $1B for Yamana’s Chapada mine in Brazil

    April 16, 2019 by Canadian Mining Journal

    TORONTO – Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned

  • News

    COPPER-SILVER: Cupric Canyon Capital secures financing for Khoemacau project

    April 16, 2019 by Northern Miner Staff

    BOTSWANA – A US$565 million funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana. The private company has been developing the project over the last

  • News

    URANIUM: Niger to pay $14.5M for 10% of GoviEx’s Madaouela uranium project

    April 9, 2019 by MINING.COM Staff

    NIGER – Niger’s Ministry of Mines issued a letter supporting the negotiations between Canada’s GoviEx Uranium and the country’s federal government regarding the Madaouela uranium project. Although final documents on their commercial understandings still need to be signed, the Vancouver-based

  • News

    GOLD: Golden Star boosts Wassa resources despite depletion

    March 28, 2019 by Northern Miner Staff

    GHANA – Golden Star Resources has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine. In total the company has 19.4

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    GOLD: Endeavour pours first gold at Ity CIL project

    March 19, 2019 by Canadian Mining Journal

    COTE D’IVOIRE – Endeavour Mining Corp. of London, U.K., has poured its first doré bar from its Ity carbon-in-leach project four months earlier than planned and well under it $412 million budget. The bar contains about 1,800 oz. of gold.

  • News

    GOLD: Avesoro releases New Liberty underground PFS

    March 6, 2019 by Canadian Mining Journal

    LIBERIA – Toronto-based Avesoro Resources has released the pre-feasibility study for its New Liberty gold mine. The open pit is the country’s first and largest commercial gold mine. The new PFS examines development of an underground mine. According to the

  • News

    EXPLORATION: The Americas, West Africa and Australasia remain popular

    March 5, 2019 by Northern Miner Staff

    While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. Below is look