Lynas unable to confirm Lamp speculation

Rare earths miner Lynas on Wednesday said that despite media reports to the contrary, the company was unable to confirm if the appeal against its temporary operating licence would be resolved soon. Responding to media reports in Malaysia, which...

Jaguar's strategic review ends with no sale, shares plummet 36%

Shares in Jaguar Mining dived 36% in Toronto on Tuesday after the Brazil-focused gold producer announced the strategic review process it embarked on in November failed to find a buyer for the company. Chinese State-owned Shandong Gold Group had...

Gabriel Resources unaware of Rosia Montana ‘audit’

TSX-listed Gabriel Resources on Thursday said it had no knowledge of an “audit” that would reportedly impact the technical analysis committee (TAC) review of the environmental impact assessment of the Rosa Montana gold and silver project, in...

Ecuador reaches compensation deal with Petrobras over assets

Ecuador agreed to pay Petrobras $217-million as compensation for seizing assets from the Brazilian state-run oil company in 2010, at least 30 percent more than a previous proposal. Ecuador took control of the oil assets owned by Petrobras in the...

Malian political progress encourages gold miners, Avion surges

Gold producers in Mali on Monday welcomed the weekend moves in the country aimed at restoring democratic rule, following the March 22 military coup in the West African nation. Randgold Resources, Mali’s biggest gold producer, said the political...

Jaguar adopts poison pill, says review to conclude in Q2

Jaguar Mining, the Toronto- and New York-listed company producing gold in Brazil, said late on Wednesday it expected to complete a strategic review that may end in the sale of the company by the end of June. The firm, which reported an...

Minemakers reigns in Indian speculation

ASX- and TSX-listed phosphate developer Minemakers on Monday clarified media speculation in India regarding the sale of an equity stake in its Wonarah project to Indian heavyweight NMDC Limited. Executive chairperson Andrew Drummond said that...

SA should resolve nationalisation ‘once and for all’ – Anglo

South Africa should once and for resolve the uncertainty created by the nationalisation debate, which has deterred investment, states Anglo American South Africa executive director Godfrey Gomwe.

Jaguar review going 'smoothly', says chairperson

The strategic review Jaguar Mining, which produces gold in Brazil, is carrying out that may end in the company being sold is “going along very smoothly”, chairperson Gary German said on Monday. “We’re not disappointed with the way it has...

SA should resolve nationalisation 'once and for all' - Anglo

South Africa should once and for resolve the uncertainty created by the nationalisation debate, which has deterred investment, Anglo American South Africa executive director Godfrey Gomwe said on Tuesday. “We have made clear many times our...

Jaguar falls on TSX after CEO's sudden departure

Brazilian gold miner Jaguar, which last month became the subject of takeover rumours, fell nearly 10% on Wednesday, after announcing the sudden departure of CEO Daniel Titcomb. TSX-quoted Jaguar said last month it decided to “explore...

Gold Fields makes $66m down payment on ‘promising’ Philippines project

South African gold major Gold Fields has made a $66-million down payment as part of an option agreement to acquire a 60% interest in an undeveloped gold/copper Far Southeast (FSE) deposit in the Philippines. Gold Fields spokesperson Sven Lunsche...