AngloGold extends $20m loan to Corvus for Nevada projects

Mining News Pro - North American gold explorer and developer Corvus Gold has secured a $20-million loan from its 19.9%-shareholder AngloGold Ashanti to fund work at its projects in Nevada.

Trade tensions rise between China and Australia

Mining News Pro - Advisory firm WoodMackenzie (WoodMac) has warned that the escalation in the geopolitical dispute between China and Australia is likely to have an impact on the resources sector.

Gold Fields on track to deliver on guidance

Mining News Pro - Notwithstanding the impact of Covid-19, Gold mining company Gold Fields produced attributable equivalent gold production of 541 000oz, which was largely flat year-on-year and down 9% quarter-on-quarter.

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

Mining News Pro - A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting carbon emissions to net-zero by 2050.

Civil society groups urge halt to Barrick’s Pueblo Viejo expansion

Mining News Pro - Civil society groups on Tuesday urged Canada’s Barrick Gold Corp to halt expansion of its Pueblo Viejo gold mine in the Dominican Republic, citing risks posed by increased mine waste and threats to local communities’ rights.

Anglo American CEO: “45% of the world’s economic activity is driven by the mining sector”

Mining News Pro - Tasked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani didn’t mince words.

Barrick refers Senegal tax dispute to arbitration

Mining News Pro - Canadian bullion major Barrick Gold has confirmed a tax claim by the Senegalese Revenue Authority (SRA) to the International Chamber of Commerce (ICC) for arbitration.

Newcrest on track for full year targets

Mining News Pro - Gold miner Newcrest Mining is on track to meet its full year production guidance, following a strong March quarter.

Barrick’s Loulo-Gounkoto’s third underground mine on track to start production

Mining News Pro - The third underground mine at Barrick Gold Corporation’s giant Loulo-Gounkoto gold complex, in Mali, has reached its first mining level and is scheduled to start delivering ore to the plant during the current quarter, president and CE Mark Bristow says.

St Barbara builds foundation for Gwalia future

Mining News Pro - St Barbara has targeted an improvement of milling rates at the Gwalia mine in Western Australia to prepare the mine for a stronger performance.

Simberi's sulphide ops prove up

Mining News Pro - Gold miner St Barbara has approved a $13-million initial investment into the sulphide project at its Simberi operation, in Papua New Guinea (PNG), following a positive feasibility study (FS).

Glencore agrees to take over Weser-Metall lead plant

Mining News Pro - Glencore has agreed to take over insolvent German lead producer Weser-Metall via a new company named Nordenham Metall GmbH, the commodities group and local government said in a joint statement.

South32 sets record at some assets

Mining News Pro - Diversified miner South32 has set year-to-date production records in both Brazil and Australia, and has increased its production guidance for two other operations.

Downer finds Otraco buyer in Bridgestone

Downer is set to move further away from the mining services sector by selling tyre management business Otraco to Bridgestone for $79 million.

Anglo American re-enters Grosvenor

Diversified miner Anglo American this week announced the start of the re-entry process to the underground workings of the Grosvenor coal mine, in Queensland, following approval from Resources Safety & Health Queensland (RSHQ).

Kore focusing on pursuing Kola project

Kore Potash is excited at the opportunity presented by the Summit Consortium potentially financing the construction of the world-class Kola project, in Congo-Brazzaville, CEO Brad Sampson says in a company update.

Emeco bolsters Pit N Portal fleet

Mining News Pro - Emeco is set to add a $14 million package of “highly sought-after” underground mining equipment to its Pit N Portal rental business.

Rudd doubles down on defunct mining super profits tax

Mining News Pro - Former Australian Prime Minister Kevin Rudd has singled out BHP, Rio Tinto and Fortescue Metals Group for a proposed super profits tax payment.

EU publishes rulebook to classify ‘green’ investments

Mining News Pro - The European Commission on Wednesday published its long-awaited system to classify green investments in sectors from industry to transport, but delayed vexed decisions on whether to label nuclear energy and power plants fuelled by natural gas as green.

China Moly to help small-scale cobalt miners

Mining News Pro - Cobalt and tungsten producer China Molybdenum and its Swiss-based trading arm, IXM, have joined a program that seeks to help artisanal and small-scale miners (ASM) become a responsibly-managed, viable source of battery metals.

Kumba records good quarter

Mining News Pro - Anglo American subsidiary Kumba Iron Ore’s output for the first quarter of this year was ahead of that of the comparative quarters in 2019 and 2020.

Gem Diamonds records solid first-quarter performance

Mining News Pro - Gem Diamonds recovered 29 010 ct of diamonds from its 70%-owned Letšeng mine, in Lesotho, in the quarter ended March 31, an increase from the 26 110 ct produced in the first quarter of 2020.

Chile covid cases surge dents Antofagasta copper output

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) said on Wednesday copper production in the first quarter of 2021 fell 5.7% to 183,000 tonnes from the same period a year ago, as a recent and sharp spike in covid-19 cases takes its toll.

Antofagasta keeps guidance unchanged despite second Covid wave

Mining News Pro - Chilean copper miner Antofagasta has kept its guidance for the full year unchanged at between 730 000 t and 760 000 t, despite the country enduring a sharp uptick in Covid infections in recent weeks.

South Africa's wind energy sector has role to play in reaching a net zero carbon economy

Mining News Pro - Following the release of the Global Wind Energy Council’s 'Global Wind Report 2021', the buzz in the sector is around reaching net zero carbon economies.

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