Botswana is conducting due diligence on HB Antwerp, as the world’s top diamond producing country by value seeks to finalise a deal to acquire a 24% shareholding in the Belgian gem trader, President Mokgweetsi Masisi said on Monday. At the height of talks for a...
Vancouver-based Taseko Mines has received approvals for $100-million in additional financing for the Florence project, which will supply 85-million pounds a year of copper when in full production. Taurus Mining Royalty Fund will provide a $50-million royalty...
Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company’s ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle that stifled investment. Zambia’s Mines Minister Paul...
Despite inflationary pressures impacting the mining sector, Australian resources company Centrex has made a substantial cut to its capital expenditure (capex) guidance for the expansion of the Ardmore phosphate mine, in Queensland. The budgeted capex to complete the...
The leader of the South Pacific island of Bougainville aims to reopen the giant Panguna mine, which holds billions of dollars worth of copper, gold and silver. And he’s visiting the US to rally support. Panguna, formerly operated by Rio Tinto Group, shut in 1989 after...
Vision Blue Resources, led by Sir Mick Davis, will invest $40-million in ASX-listed Mayur Resources’ Central Lime Project (CLP), in Papua New Guinea, for a 49% equity stake. The CLP is Phase 1 of a vertically integrated manufacturing facility with the ability to meet...
