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AngloGold makes nonbinding offer to acquire Corvus Gold

JSE-listed AngloGold Ashanti has submitted a nonbinding proposal to the board of TSX-listed Corvus Gold to acquire all of its issued and outstanding common shares for about $370-million. AngloGold already holds a 19.5% indirect interest in Corvus, which owns the North...

Fortescue celebrates autonomous haulage milestone

Image: Fortescue Metals Group Fortescue has recognised its commitment to operational efficiency and safety with its autonomous haul (AHS) fleet moving two billion tonnes of material, doubling the amount hauled since September 2019. Fortescue chief executive officer...

Copper demand drives Sandfire growth at Degrussa

DeGrussa copper-gold mine. Image: Sandfire Resources Sandfire Resources has surpassed its production guidance for the 2021 financial year thanks to strong demand for its copper from the DeGrussa operation in Western Australia. According to Sandfire’s preliminary 2021...

Glencore snaps up Colombian coal stakes

A sign is seen outside the headquarters of Glencore International Plc in Baar, Switzerland. Photo: VCG Diversified miner Glencore will become the sole owner of the Cerrejon thermal coal mine in Colombia by buying out partners BHP and Anglo American, boosting its coal...

Regulator blocks Berkeley Energia’s uranium mine

Spain’s nuclear regulator on Monday blocked Berkeley Energia’s planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company’s stock plunging. The CSN regulator said...