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Bougainville independence could revive one of world’s biggest copper mines
The results from the Bougainville Referendum Commission attracted over 181,000 voters (the island nation’s population was 249,358 at the last count) and on Wednesday an overwhelming 98% voted to gain independence from Papua New Guinea. With a population fewer than...
Madagascar to raise minerals taxes, take 20% stake in mining projects
Madagascar plans to increase its royalties on nickel, cobalt, precious metals, and gemstones to 4% from 2% at present, a draft mining law showed on Tuesday, the latest African country to push for greater government revenue from mining activities. The bill, seen by...
Implats to close North American Palladium takeover this week
South African miner Impala Platinum Holdings (Implats) has received all the required regulatory approvals for its proposed acquisition of Canada’s North American Palladium. The C$758 million transaction, which was first announced in October, remains on track to close...
Barrick to sell stake in Senegal project to Teranga Gold for up to $430m
Barrick Gold, the world’s second largest producer of the precious metal, has agreed to sell its 90% stake in the Massawa project in Senegal to Teranga Gold, in a stock and cash deal valued at up to $430 million. Massawa, one of the highest-grade undeveloped open-pit...