Owing to unprecedented lockdown in much of Europe, the US and across the globe, the world is currently experiencing considerably lower economic activity, which in turn significantly reduces commodity consumption, says ratings agency Fitch Ratings. As a…
Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch Read More »
LSE-listed Pembridge Resources is set to restructure the share ownership of its Minto copper mine, in Canada. In light of the current financial market conditions owing to the outbreak of Covid-19 globally, and the potential for material cash calls on P…
Pembridge reduces economic interest in Minto Read More »
Following its merger with Randgold Resources, NYSE- and TSX-listed Barrick Gold has made progress towards its goal of being a modern mining business, according to executive chairperson John Thornton in the company’s information circular for 2020 publis…
Barrick progressing towards modern miner goal Read More »
Canada’s metals and mining industry saw a rise of 19.4% in overall deal activity during February, when compared with the last 12-month average, according to analytics and consulting company GlobalData’s deals database. A total of 43 deals worth $430.7-…
Canada metals, mining sees 19.4% rise in deal activity Read More »
Nevada Gold Mines (NGM), in collaboration with the state of Nevada and its stakeholders, is working to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities. NGM i…
Nevada Gold Mines assisting its local communities Read More »
Copper, zinc and lead production and exploration company Central Asia Metals’ (CAML’s) results for the year ended December 31, demonstrate the “fundamental strength” of the business, which owns two low-cost base metals operations, one in Kazakhstan and…
Central Asia Metals’ results demonstrate company’s ‘fundamental strength’ Read More »
Global copper production is expected to be impacted by the Covid-19 pandemic, with data analytics and consulting company GlobalData now forecasting output growth of just 1.9% to 21-million tonnes for this year. This compares with its previous forecast …
GlobalData revises full-year copper output growth forecast lower Read More »
TSX-listed Katanga Mining is closely monitoring the progress of the spread of Covid-19 and is taking measures to contain the impact thereof on the health of its employees and operations. Meanwhile, as previously announced, Katanga’s 75%-owned subsidiar…
Katanga postpones acid plant commissioning Read More »
Most of dual-listed Mkango Resources’ in-country operations are being completed off site, and all of its employees are now working from home, where possible, the rare earth minerals company said in a statement on March 31. All travel has also been curt…
Mkango completes in-country operations off site for Malawi project Read More »
West Africa-focused gold company Cora Gold has started a 2 000 m reverse circulation (RC) drilling programme at its Madina Foulbé permit, in eastern Senegal, to test mineralisation at depth. The project is located within the prolific Kedougou-Kenieba I…
Cora Gold starts drilling at Senegal permit Read More »
