World’s second largest miner has confirmed an “exciting” copper find at its Winu project, in the Paterson Range in the East Pilbara.
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The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.
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De Beers announced the change as its mining footprint in both countries is shrinking.
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Project offers Davis an opportunity to relaunch his mining career that started in his native South Africa.
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If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.
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The company also updated the project’s indicated resource, which now totals 981,465 tonnes at 7.5 grams gold for 237,897 oz. gold.
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Golden Star boosts Father Brown inferred resource 93% Read More »
Teranga Gold is “pleased with the grades, strong continuity and widespread mineralization.”
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Teranga completes initial resource on Golden Hill Read More »
The company recorded a $52.8 million fourth quarter loss in adjusted EBITDA.
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According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region’s favourable climate conditions.
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The miner reported that Proven and Probable gold Reserves reached 17.9 million ounces at the end of 2018.
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