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Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Altus sets out intention to buy Legend Gold

By: Ilan Solomons     11th October 2017 Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... 

Cora Gold lists on Aim; to advance Mali exploration

By: Anine Kilian     9th October 2017 West Africa-focused gold developer Cora Gold has started trading on the Aim. As part of the admission process, the company has raised £3.45-million through the placing and subscription of 20.93-million new ordinary shares at a placing price of 16.5p each, implying a market capitalisation of... 

Market Report: How carbon is shaping energy for mines

By: Creamer Media Reporter      20th September 2017 By Catherine Skrzypinski, Energy and Mines Alongside power security and cutting energy costs, reducing the emissions intensity of mining operations has been elevated to a top strategic concern for the global mining sector. The combination of carbon pricing in key mining markets and increased... 

Monster Lake project partners Iamgold, TomaGold trace bonanza grades

By: Henry Lazenby     7th July 2017 Exploration partners Iamgold and TomaGold have reported bonanza grades at the Monster Lake gold project, located 50 km southwest of Chibougamau, in Quebec. Toronto-based Iamgold, which is earning a 75% interest in the project, on Thursday reported results from the final 14 holes of the winter... 

Implementation of hybrid renewable-diesel microgrids set to increase

By: Nadine James     30th June 2017 Mining houses’ use of microgrids and renewable energy to generate power and supplement diesel energy at isolated mining operations has been steadily increasing, says renewable-energy and microgrid consultant THEnergy. THEnergy founder and MD Dr Thomas Hillig notes that the company has been... 

Iamgold completes Côté stake sale

By: Creamer Media Reporter      21st June 2017 Canadian gold miner Iamgold has completed the sale of a 30% interest in the Côté gold project, in Ontario, to a subsidiary of Sumitomo Metal Mining for $195-million. Iamgold, which still owns the remaining 70% interest in the project, has received $100-million in cash and the balance is payable... 

Iamgold rises on 30% Côté stake sale, positive PFS results

By: Henry Lazenby     6th June 2017 The TSX-listed stock of Canadian gold producer Iamgold gained nearly 12% on Tuesday following news late on Monday that it has agreed to sell a 30% stake in its Côté gold project, in Ontario, and the publication of a positive prefeasibility study (PFS) for the mine. Tokyo-based Sumitomo Metal... 

Spencer appointed as Aurania president; shareholders approve EcuaSolidus acquisition

By: Henry Lazenby     30th May 2017 Junior explorer Aurania Resources has appointed board member Dr Richard Spencer as its new president. Spencer, who will continue to act in his current roles of president and CEO of TSX-listed U3O8 Corp, will be responsible for the financial and operational performance of Aurania, as it searches... 

Botswana agency to support installed base, new projects

By: Simone Liedtke     26th May 2017 Key mining, materials handling and minerals processing equipment supplier Takraf Africa – part of the global Tenova Takraf group – has appointed engineering service agency Etuba Engineeringits agent in Botswana. Takraf Africa engineered technologies GM Richard Späth tells Mining Weekly that the... 

Iamgold stock in demand as Q1 earnings excite

By: Henry Lazenby     11th May 2017 Canadian midtier miner Iamgold has significantly increased gross earnings in three months ended March, as higher output was underpinned by the Westwood mine, in Quebec, while lower costs dovetailed into higher realised prices, the company announced after market closed on Tuesday.... 

Radisson chases potential ‘game-changing’ discovery at high-grade O’Brien project

By: Henry Lazenby     28th March 2017 Following on the heels of a successful 2016 exploration campaign, junior explorer Radisson Mining Resources has doubled its current drill programme to 20 000 m and added a second drill at the O’Brien project, cut by the prospective regional Larder-Lake-Cadillac Fault, in Quebec. Emboldened by... 

Iamgold completes $400m notes offering

By: Henry Lazenby     17th March 2017 Canadian midtier gold miner Iamgold has completed an offering of $400-million aggregate principal amount of 7% senior notes due in 2025. The company said it intends to use the net proceeds of the notes, together with existing cash on hand, towards the redemption, by April 2, of its $489-million... 

Optimism on minerals seen seeping down to grassroots explorers

By: Henry Lazenby     15th March 2017 Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this. “If you look at the... 

Iamgold prices $400m of senior notes due 2025

By: Henry Lazenby     10th March 2017 Midtier gold miner Iamgold has priced a private offering of $400-million principal amount of senior notes due 2025, the proceeds of which it will use to redeem its $489-million of outstanding 6.75% senior notes due in October 2020, by April 2. The notes bear a coupon of 7% and are being issued at... 

Iamgold launches $500m senior notes offering

By: Henry Lazenby     3rd March 2017 Canadian midtier miner Iamgold has launched a $500-million senior notes offering due 2025, which it will use in combination with cash on hand to redeem its outstanding 6.75% senior notes due in 2020. Under the terms of the indenture governing the existing notes, Iamgold will issue a conditional... 

Conway to step in as Primero interim CEO

By: Henry Lazenby     24th February 2017 Precious metals producer Primero Mining announced late on Thursday that the company and president and CEO Ernie Mast have agreed that Mast will leave the company by no later than March 6. He will be succeeded by former CEO Joseph Conway in the interim. Mast will help with the transition process... 

Iamgold shores up balance sheet with another $80m added to credit facility

By: Henry Lazenby     9th February 2017 The banking syndicate supporting Canadian gold miner Iamgold’s existing credit facility has added a commitment of $80-million to take the corporate facility $250-million. Canadian financial partners Royal Bank of Canada, the Toronto-Dominion Bank and Export Development Canada on Tuesday joined... 

Iamgold clears major assessment hurdles at Côté, Northern Ontario

By: Henry Lazenby     28th January 2017 Mid-tier gold producer Iamgold has completed a preliminary economic assessment (PEA) on its Côté gold project in Northern Ontario, outlining positive metrics that support development following the completion of a prefeasibility study. The company also announced Thursday that it had received... 

TSX notches small gain as materials stocks rise

By: Reuters     23rd December 2016 Canada's main stock index edged higher in morning trade on Friday as materials stocks led a broad but shallow rally and some heavyweight financial shares slipped. At 10:07 am ET, the Toronto Stock Exchange's S&P/TSX composite index was up 23.84 points, or 0.16%, at 15 359.07. It is on track for... 

Iamgold gobbles up JV partner Merrex

By: Henry Lazenby     23rd December 2016 Canadian multinational miner Iamgold has agreed to buy Merrex Gold, thereby consolidating its interest in the noteworthy Siribaya gold project, in Mali. Siribaya is operated by Iamgold under a 50/50 JV with Merrex Gold, in which it already owns a 23% stake. 

Damang mine, Ghana

By: Sheila Barradas     11th November 2016 A gold mine, in south-western Ghana and to the north of and joining the Tarkwa concession. 

Iamgold revenues rise on strong performance at key assets

By: Henry Lazenby     9th November 2016 The TSX-listed stock of Canadian miner Iamgold on Tuesday rose as much as 13% to C$6.02 apiece after the company late Monday reported strong third-quarter operating and financial performance metrics. Revenues from continuing operations for the quarter ended September rose 36% year-on-year to... 

Mines turn to off-grid power amid low commodity prices, revenue

By: Simone Liedtke     28th October 2016 More companies are considering the use of an independent power producer (IPP) to meet their mines’ energy needs, as many projects are under pressure to achieve capital savings to weather the current operating environment comprising low commodity prices and diminished revenue streams. 

Tarkwa mine, Ghana

By: Sheila Barradas     28th October 2016 A gold mine, in south-western Ghana. 

Carbon pricing pushing mines to look at renewable alternatives

By: Anine Kilian     10th October 2016 Carbon pricing is pushing mining leaders to consider renewable energy options as a way of further reducing greenhouse gas emissions and stabilising energy costs, according to information source for energy and mining Energy and Mines director Adrienne Baker. "Carbon pricing in Canada is having an... 

Newmont executes production at Suriname-based Merian mine

By: Henry Lazenby     3rd October 2016 US gold producer Newmont has declared commercial production at the Merian gold mine, in Suriname, saying the project was completed on time and $150-million, or 20% under budget. “We took an optimised approach to project development and benefitted from being one of the only gold producers... 

TomaGold broadens reach to Chile through Red Metal Resources acquisition

By: Henry Lazenby     19th September 2016 Canadian gold explorer TomaGold is expanding into Chile, after announcing Monday that it had signed a letter of intent (LoI) to acquire all the outstanding shares of Red Metal Resources. The proposed acquisition will give TomaGold ownership of, or options to own, 100% of the Farellon, Perth and... 

Iamgold acquires Suriname property that could extend Rosebel mine life

By: Henry Lazenby     1st September 2016 Canadian gold producer Iamgold has acquired an interest in the Saramacca property, in Suriname, on which it plans to define a National Instrument 43-101-compliant mineral resource within the next 24 months that could potentially prolong the Rosebel mine life. The Toronto-based miner advised on... 

Debt holders tender 23% of outstanding notes in Iamgold's early tender offer

By: Henry Lazenby     23rd August 2016 Iamgold on Monday announced the early tender results of its cash tender offer for up to $150-million in principal amount of the company’s outstanding 6.75% senior notes due 2020, advising that $145.7-million in principal, or about 23% of notes outstanding, had been tendered and not withdrawn by... 

Iamgold closes $230m financing

By: Henry Lazenby     17th August 2016 Canadian gold miner Iamgold has closed a $230-million bought deal financing, with a $30-million overallotment option fully exercised, the company said Tuesday. The miner said it had issued 44.7-million common shares at $5.15 apiece, including 5.82-million shares issued under the overallotment... 

Randgold well placed to make up output loss by year-end

By: Martin Creamer     4th August 2016 London-listed Randgold Resources is well placed to make good its second quarter production slippage and keep its 2016 output forecast intact. Teams have been reworking their mine plans to ensure that the company ends the year within guidance. While prolonged mill downtime at Tongon, in Côte... 

Mill breakdown, lower output hit profit in tough quarter

By: Martin Creamer     4th August 2016 Prolonged mill downtime at Tongon and the Kibali plant’s continuing transition to a mixed-ore feed negatively impacted the production and costs of London-listed Randgold Resources in the three months to June 30. One of Tongon’s two milling circuits lost 46 days after a breakdown and Kibali’s... 

Ned Goodman Appointed Chairman Of The Board

     28th June 2016 Asante Gold Corporation is pleased to announce that Ned Goodman has been appointed as the Chairman of the Board of Directors of the Company. Mr. Goodman is a geologist and an investment manager and has been active at the leading edge of the Canadian gold exploration, development and investment... 

Westwood mine, Canada

By: Sheila Barradas     3rd June 2016 A gold mine in south-western Québec, Canada. 

Iamgold gets federal nod for Côté gold mine

By: Henry Lazenby     14th April 2016 Canadian gold miner Iamgold has received federal environmental approval to proceed with its Côté gold mine, located near the community of Gogama, Ontario. Environment and Climate Change Minister Catherine McKenna found that the project is not likely to cause significant adverse environmental... 

Iamgold reports maiden resource at second West Africa greenfield discovery in 3 yrs

By: Henry Lazenby     10th February 2016 Canadian gold miner Iamgold has reported a National Instrument 43-101-compliant maiden resource for the Diakha deposit, located on the Siribaya joint-venture (JV) project, in western Mali, West Africa. The Siribaya exploration project is operated by Iamgold under a 50/50 JV with Merrex Gold. 

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