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By: Reuters Updated 31 minutes ago Kinross Gold Corp has agreed pay $33-million to settle a shareholder lawsuit that had accused the Canadian gold miner of defrauding investors through an ill-advised mine acquisition in Mauritania that has resulted in over $6-billion in writedowns. According to documents filed with the U.S.... →
By: Ilan Solomons Updated 59 minutes ago As more than 80% of the world’s known platinum-group metals (PGMs) reserves are in South Africa, it is ideal that a PGMs exchange be established locally to ensure that the country receives maximum benefit from its mineral wealth, avers investment company Pan-African Investments & Research... →
By: Reuters Updated 7 hours ago Private equity firm Platinum Equity is in advanced talks to buy PrimeSource Building Products, the largest distributor of screws and nails in the US, from Itochu Corp, according to people familiar with the matter. A deal will likely value PrimeSource at between $800-million and $900-million, the... →
By: Henry Lazenby Updated 7 hours ago Latin America-focused project generator Mirasol Resources has optioned 75% of the Gorbea Belt projects, in Chile, to Canadian miner Yamana Gold. Under the joint venture agreement, the option would be exercisable in three stages over a seven-year period that would see Yamana act as a strategic... →
By: Reuters The London Metal Exchange (LME) has started talking to the main bullion trading banks about reinstating end-of-day gold and silver forward curves, which could be part of a bigger structural change in the precious metals market. A forward curve, which consists of a series of prices reflecting... →
By: Henry Lazenby Thursday saw a slew of new senior executive appointments by several Canadian mining companies. West Africa-focused True Gold said it had appointed Christian Milau its new president and CEO, effective from April 27. The company, which was currently focused on developing the temporarily suspended... →
By: Reuters Chile's Codelco, the world's No 1 copper producer, said on Thursday it is gradually reopening mines in the north of the country that were closed on Wednesday due to heavy rains, but that its Salvador mine remained shuttered. Conditions at Salvador did not yet permit safe operation, and 17... →
By: Megan van Wyngaardt Efficient communication with migrant mineworkers in Southern Africa, regarding social security benefits, poses a significant challenge to the Southern Africa Trust (SAT) and the Southern Africa Miners’ Association (Sama), as former mineworkers had insufficient access to information on... →