Australian gold miner Ramelius Resources has ended discussions to buyout Canadian-based, Western Australia-focused Karora Resources, reported Reuters. “Following its usual disciplined due diligence process, Ramelius advises that no final agreement, including on value, was reached,” the company said. The news agency said a local report estimated the transaction value to be between A$700 million and $1 billion. Karora Resources, which…
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Sibanye Stillwater has confirmed the suspension of production from the Siphumelele shaft at its PGM operations in Rustenburg, South Africa. The company said 20 March that “damage to surface infrastructure” was sustained 29 February. Specifically, an ore collector bin attached to the shaft headgear sheared off and fell to ground, damaging a surface ore conveyor belt system. While no injuries…
Read MoreIdaho-based gold miner Perpetua Resources has tapped Jon Cherry as its new president and CEO and member of its board, replacing Laurel Sayer. Sayer stepped down March 14 and will retire April 1, 2025. She served seven years leading the company through the permitting process for its flagship asset, the Stibnite gold project. To facilitate a seamless transition, Sayer will…
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Gold miner and copper producer Newmont has announced the appointment of Peter Wexler as chief legal officer. He will join the company’s Executive Leadership Team and will be responsible for leading its legal, compliance and regulatory affairs globally. Full story.
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Australian gold miner Northern Star Resources has ordered 32 new pieces of mobile equipment for its Australian operations from Sandvik Mining and Rock Solutions. Full story.
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Canadian-based, global-focused gold miner Mandalay Resources has appointed Frazer Bourchier to lead the company as its new president and CEO, effective April 3. Bourchier, who will also be appointed to the Mandalay board, will work closely with current CEO Dominic Duffy to ensure a smooth transition. Outgoing Duffy will remain on the board as a non-executive director. Bourchier has 32…
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Gold miner Newcrest has partnered with Ericsson and Telstra Purple to deploy a private 4G LTE and 5G trial network for the underground operations of its Cadia Valley operations in New South Wales. Full story.
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Indonesian gold miner Indo Muro Kencana (IMK) has experienced exciting productivity improvements since connecting the country’s largest ever fleet of machines to Volvo ActiveCare in late 2021 – the remote monitoring and proactive maintenance service from Volvo Construction Equipment. Read full article.
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Mid-tier gold miner IAMGOLD Corp. has entered into a definitive agreement with Zijin Mining to sell its 95% interest in Rosebel Gold Mines N.V. for cash consideration of US$360 million and release of its equipment lease liabilities amounting to $41 million. Rosebel holds a 100% interest in the Rosebel gold mine and a 70% participating interest in the Saramacca mine,…
Read MoreWestern Australia gold miner Ora Banda Mining has appointed mining engineer Luke Creagh as chief executive officer, effective immediately. Read full article.
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