News

High gold prices are boosting Ethiopia’s mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. Coronavirus-linked border closures have pushed miners back into the arms of the formal sector; a welcome boost for Ethiopia’s central bank, who has been in… Read more »

Africa-focused miner Resolute Mining has signed a binding agreement to sell the Bibiani Gold Mine in Ghana for $105m. The mine will be acquired by Chijin International (HK), a wholly-owned subsidiary of Chifeng Jilong Gold Mining. As agreed, Resolute will receive $5m deposit on signing the agreement and the remaining… Read more »

Workers at Resolute Mining’s Syama gold mine in Mali launched a five-day strike on Monday in a dispute over policy on COVID-19, although some production has continued, the head of Syama’s union told Reuters. The action follows a proposed strike at the mine in September that led to a 15,000-ounce… Read more »

Gold miner Centamin has unveiled a three-year plan designed to cut costs at its Sukari mine, which has been adversely affected over the past two years due to operational issues. The Sukari Gold Mine is located in the Eastern Desert approximately 700km from Cairo, Egypt, and 25km from the Red… Read more »

Rio Tinto has completed the initial work program on Midnight Sun Mining’s (TSXV: MMA) Solwezi licenses in Zambia, part of an earn-in and joint venture agreement the companies signed in April 2020. After incurring project expenditures in excess of $3 million during the initial work phase, Rio will now proceed… Read more »

Across China and around the clock, furnaces fuelled by Australian iron ore pump out the steel the country needs to build its way out of the coronavirus downturn. But as China’s trade war with Australia has become louder, working its way from unofficial stoppages to swingeing tariffs on barley and… Read more »

Firefinch, previously named Mali Lithium, has announced the completion of the first gold pour at the Morila gold mine in southern Mali. Firefinch said that the mine is producing more gold than it forecast in its first month of operation, with the tailings retreatment, mining and processing operating as planned…. Read more »

The company said it had appointed concrete expert Fanie Barnard to oversee rebar and baseplate installations and the pouring of concrete foundations at the processing plant, with the concrete work due to finish by month-end. Gratomic said it was expecting to achieve commercial production later this year or early 2021…. Read more »