Canadian Mining Journal


Africa


  • News

    PALLADIUM: Ivanhoe accelerates feasibility study for Platreef project

    January 15, 2020 by MINING.COM Staff

    SOUTH AFRICA – Ivanhoe Mines’ co-chairmen Robert Friedland and Yufeng “Miles” Sun announced that the company’s South African subsidiary, Ivanplats, is fast-tracking a feasibility study on a smaller-scale, early-stage development plan using Shaft 1 as a production shaft at its

  • GOLD: Orezone announces $20M bought deal

    January 9, 2020 by Canadian Mining Journal

    TORONTO – Burkina Faso-focused developer Orezone Gold has announced a $20 million bought deal co-led by Canaccord Genuity and PI Financial. The underwriters will purchase a total of 37.1 million units with each unit comprised of one share and half

  • News

    DISTRIBUTION: Aramine and Epiroc partner on underground equipment

    January 8, 2020 by Canadian Mining Journal

    FRANCE – Last year, Aramine was appointed as the as official distributor of Epiroc products for underground mines and tunnels in France and in several strategic countries in central and west Africa. The Epiroc range complements Aramine’s portfolio of machines.

  • News

    GOLD: Newmont Goldcorp ups dividend by 79%

    January 6, 2020 by Canadian Mining Journal

    DENVER – In line with its commitment to return cash to shareholders, Newmont Goldcorp has announced a hefty 79% increase to its dividend to US$1.00 annually, effective upon approval in April. Alongside this increase, in December, the company announced plans

  • News

    GOLD: Iamgold to sell its interest in Sadiola to Allied Gold

    December 23, 2019 by Canadian Mining Journal

    MALI – Canadian gold producer Iamgold has announced that it has entered into an agreement to sell its 41% interest in the Sadiola joint venture to Australian-based Allied Gold for total consideration of up to US$52.5 million in cash. Under

  • News

    POWER: Wartsila Modular Block solution to modernize power generation at Syama

    December 18, 2019 by Canadian Mining Journal

    MALI  – Wartsila has announced the first order of its Wartsila Modular Block solution for power generation. Four Wartsila Modular Block enclosures with one Wartsila 32 engine each will provide 40 MW of energy to Resolute Mining’s Syama off-grid gold mine in

  • GOLD: Kinross signs debt financing for Tasiast

    December 16, 2019 by Canadian Mining Journal

    MAURITANIA – Kinross Gold has signed a loan agreement for up to US$300 million with the International Finance Corporation (a member of the World Bank group) and Export Development Canada with the additional participation of ING Bank and Societe Generale

  • News

    Teranga buys Barrick’s Massawa project in Senegal

    December 12, 2019 by Trish Saywell

    Barrick Gold is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold for US$300 million in cash, US$80 million worth of shares, and contingent payments linked to the gold price of up to US$50 million. The Massawa

  • News

    DIAMONDS: Tomra sorter boosts Lucara’s exceptional finds

    November 27, 2019 by Canadian Mining Journal

    NORWAY – Lucara Diamond Corp. owns the Karowe diamond mine in Botswana, one the foremost producers of very large, high quality Type IIA diamonds in excess of 10.8 carats. Historic recoveries include the 1,109 carat Lesedi La Rona – the

  • FORUM: Miners look for suppliers who can commit

    November 27, 2019 by Alisha Hiyate

    In an increasingly complex business environment, what do mining companies want from suppliers? It turns out, they’re looking for much more than just technology. At MSTA Canada’s two-day annual forum in Toronto this week, miners emphasized the desire for a

  • News

    COPPER: Ivanhoe, Congolese authorities discuss Kamoa-Kakula project

    November 26, 2019 by Canadian Mining Journal

    DEMOCRATIC REPUBLIC OF CONGO – Executives from Canada’s Ivanhoe Mines met with high ranking government officials in Kinshasa to provide updates on the development progress at the Kamoa-Kakula and Kipushi joint venture mining projects. In a press release, the miner

  • IRON ORE: High Power Exploration raises US$88 million

    November 20, 2019 by Northern Miner Staff

    VANCOUVER – Robert Friedland’s High Power Exploration has closed a US$88-million equity investment from an undisclosed U.S.-based institutional investor that will allow the privately held company to fast track development of its Nimba iron ore project in southeastern Guinea. The company says