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China tightens grip on Ivanhoe’s massive congo copper project
Zijin, one of China’s largest mining groups, is increasing its stake in Canada’s Ivanhoe Mines (TSX:IVN) to 13.88% from 9.8% by acquiring 35.7 million shares from CITIC Metal and 12.9 million shares from founder Robert Friedland for about C$194 million ($146m). The...
Resolute hits 100,000oz as Syama automation sets in
Resolute Mining has enjoyed a golden September quarter, pouring a total of 103,201 ounces of the precious metal. This is 25,069 ounces more than the June quarter, with the Syama gold mine in Mali producing 45,804 ounces of this total, comprising 33,074 ounces from the...
Century mine upgrade boosts production
New Century Resources has posted another quarter of record production at the Century restart operation in Queensland, delivering 26,171 tonnes of zinc metal. This 28 per cent increase in the September quarter continues the company’s steady improvement in 2019, having...
Impala Platinum to acquire North American Palladium for $758 million
South Africa’s Impala Platinum Holdings Ltd (Implats) said on Monday it would buy Canada-based North American Palladium Ltd for about C$1 billion ($751.77 million), marking the miner’s first purchase outside of Africa. Prices for Palladium, widely used in vehicle...