News

Zambia plans to revoke the mining licences of Glencore subsidiary Mopani Copper Mines (MCM) because the company did not give enough notice before suspending its mining operations due to the coronavirus crisis and other problems. In a letter dated April 14 to Mopani’s chief executive Nathan Bullock, Mining Licensing Committee… Read more »

The International Monertary Fund on Monday said its executive board had appoved $1 billion in emergency funding for Ghana and $442 million for Senegal to enable both countries to respond to the rapidly-spreading coronovirus pandemic. Ghana was at high risk of debt distress, the IMF said in a statement. It… Read more »

Saudi Arabian Mining Co. will focus on keeping a cash cushion rather than returning money to shareholders, chief executive officer Mosaed Bin Sulaiman Al Ohali said. “As we look forward at the current situation of the market, I think we need to conserve as much cash as possible to take… Read more »

Kogi Iron is seeing ongoing interest from potential new investors in its Agbaja cast steel project, in Nigeria, where Kogi is starting to see global capital flows to the commodity sector. Owing to the rapid escalation and global impacts of the coronavirus, or Covid-19, Kogi and KCM Mining have reinforced… Read more »

SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it. In a press release, the companies explained that the… Read more »