Mining.com

By Reuters Aug 9 (Reuters) – Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives. Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, […]

By Reuters LONDON, Aug 9 (Reuters) – Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo’s new mining code as the gold miner is still negotiating with the government, its executives said on Thursday. Congo’s new mining law, effective from June, removes a 10-year stability clause

By Michael Allan McCrae Aben Resources (TSX-V:ABN) said its first drill hole at its Forrest Kerr project showed multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m. The junior was up 50 percent today to 30.5 cents. “The high-grade gold and base metal values in the first hole of

By Reuters (Bloomberg) — By 1919, when James “Rawhide Jimmy” Douglas built a hotel directly outside the entrance to his copper mine in Arizona, he was already rich. Shares in his company, United Verde Extension Co., had gone from 15¢ a share in 1912 to $35 a share by 1916 (more than $800 in today’s

By Reuters JERUSALEM, Aug 8 (Reuters) – A gold earring believed to date back more than 2000 years has been unearthed near the site of the ancient Jewish temples in Jerusalem, in what Israeli archaeologists called rare evidence of Hellenistic influence. An employee of Israel’s Antiquities Authority holds a gold earring believed to date back

By Michael Allan McCrae Glencore credited China’s clamp down on mills and smelters with boosting its bottom line in its 2018 H1 released today. The diversified commodity giant adjusted H1 EBITDA for its metal and minerals division was $6.0 billion, 28% higher than the same period a year ago. Glencore’s energy division was up 19%

By Michael Allan McCrae Daniel Racine Daniel Racine was elevated to president and chief executive officer of Yamana Gold, the company announced today. Racine, who previously served as executive vice president and chief operating officer, will take the position from Yamana founder Peter Marrone. Yamana will be trying out a different leadership structure. Marrone will

By Rutendo Munatsirei Premier Gold Mines reported yesterday a 50% decrease in its 2018 Q2 revenues due to decreased production. At the company’s South Arturo Mine, the reduction was due primarily to the completion of mining in Phase 2 pit. At Premier’s Mercedes Mine production and costs were impacted by differences in the ore body

By Valentina Ruiz Leotaud Latin America-focused Westminster Resources (TSX.V: WMR) announced today that it has signed a letter of intent to acquire a land package in the La Ronge district of Saskatchewan, central Canada. In a press release, the miner said that the project package consists of two contiguous claims 60 kilometres northeast of the

By Valentina Ruiz Leotaud London-based Condor Gold (AIM: CNR; TSX: COG) announced that it has received an environmental permit for the development of a processing plant with a capacity of up to 2,800 tonnes per day and associated mine site infrastructure at its wholly-owned La India gold project, located in the Department of León, western