Cecilia Jamasmie

1 week ago | mining.com | Cecilia Jamasmie

Harmony Gold (JSE: HAR) (NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX:MAC)(NYSE:MTAL) for $1.03 billion, accelerating its strategic shift into copper through a key Australian asset. The all-cash deal would give Harmony full ownership of MAC’s only asset, the CSA copper mine in central western New South Wales. CSA is among Australia’s highest-grade and oldest operating copper mines, with a history stretching back nearly 150 years.

1 week ago | mining.com | Cecilia Jamasmie

Canadian gold giant Barrick (TSX: ABX) (NYSE: B) is pushing back against an attempt by the Malian government to wrest control of the Loulo-Gounkoto mine complex away from the company. Mali earlier this month formally asked a local court to impose provisional administration over the site – a request that Barrick opposes. A ruling by the President of the Bamako Commercial Tribunal following submissions made on May 22 is due June 2, Barrick said Monday in a statement.

1 week ago | mining.com | Cecilia Jamasmie

Rare earth and lithium producers are cautiously backing the Australian government’s proposed critical minerals strategic reserve, amid fresh details and ongoing concerns over its design. The federal Labor government, re-elected in May, first announced the A$1.2 billion ($780 million) initiative in April during the closing days of its campaign. The plan aims to establish a stockpile of critical minerals to bolster national and allied supply chains.

1 week ago | mining.com | Cecilia Jamasmie

All 260 employees of Sibanye-Stillwater (JSE: SSWJ) (NYSE: SBSW) that were trapped underground at the precious metals producer’s Kloof 7 mine were safely returned to the surface on Friday night. The incident occurred when the skip door on the rock winder unexpectedly opened at the Level 39 loading point, disrupting access to Levels 40, 41, and below. The malfunction halted operations and required a full safety inspection, leaving workers stranded underground for several hours.

1 week ago | mining.com | Cecilia Jamasmie

Greatland Gold (LON: GGP) has launched its long-anticipated initial public offering, targeting up to A$50 million ($33m) as part of a dual listing on the Australian Securities Exchange and the London Stock Exchange’s AIM market. The Western Australian gold and copper miner, backed by Newmont Corporation (NYSE: NEM) and Andrew Forrest’s Wyloo Metals, aims to broaden its investor base and accelerate development in the Paterson province.