Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Barrick reaches deal with Mali unions, averts strike
BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…
Mali unions threaten strikes at Barrick mine
UNIONS at Barrick Mining’s Loulo-Gounkoto gold complex in Mali have lodged a series of strike notices, threatening to disrupt operations at one of the country’s biggest gold…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Barrick may delay North America gold IPO to 2027
BARRICK Mining is considering delaying the planned listing of its North American gold business until 2027, Bloomberg reported. The miner said previously it was targeting…
Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
B2Gold gets Mali permit for Fekola growth plan
MALI has granted B2Gold a crucial mining permit, paving the way for a large boost in gold output from its Fekola complex. The Menankoto permit was issued on Friday, 7 August,…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
Barrick’s North American IPO plan faces investor backlash
BARRICK Mining’s proposed IPO of its North American assets is facing opposition from several major shareholders, raising pressure on the Canadian group’s chair, John Thornton,…
Mali plans infrastructure projects from $800m mining fund
MALI could leverage revenues from its overhauled mining sector to raise up to 500 billion CFA francs ($883.1 million) for energy, water and transport projects, said Reuters…
Endeavour CEO surprised by Barrick talk amid Mali exit
ENDEAVOUR Mining CEO Ian Cockerill said speculation in June linking his company with Barrick Mining made no sense because he would only be likely to back mergers and acquisitions…
AngloGold shareholders approve $2bn share buy-back
ANGLOGOLD Ashanti shareholders approved the firm’s plan to buy back up to $2bn of its own shares over the next five years, but it was a relatively close call. Approaching a third…
Mali gold output to stay below 60 tons
MALI’S industrial gold production will remain under 60 tons a year through 2029, according to a mines ministry plan reviewed by Reuters, prolonging a downturn linked to a…
Gold miners set for strong Q2 despite cost pressures
GOLD producers are on track to post substantially higher second-quarter earnings on the back of firmer bullion prices, though rising energy costs tied to the Iran war likely…
Islamist militants widen reach in Sahel mining zones
ISLAMIST militant groups are extending their footprint across central West Africa’s mining belt, contesting territory with governments and stoking fears over the safety of mining…
A spat over share buy-backs a happy problem for gold investors
ANGLOGOLD Ashanti on July 13 urged shareholders to support a resolution to buy back up to $2bn worth of its own shares after proxy advisory ISS questioned the tactic. “Given the…
Insurgency threatens major China-backed Pakistan mine
PAKISTAN’S largest active copper and gold mine, the China-operated Saindak project in Balochistan, may be forced to halt operations within a month due to worsening insurgent…
Congo mining reform risks investor confidence, body warns
DEMOCRATIC Republic of Congo’s leading mining industry body has warned that proposed reforms to tighten state control over the sector could undermine investor confidence,…
DRC plans 20,000-strong private mining guard force
THE Democratic Republic of Congo is negotiating with an unnamed private company to train more than 20,000 armed guards to protect its mines, in a bid to improve the industry’s…