One person has reportedly died after a new attack on a mine owned by Poderosa, one of Peru’s largest gold miners, it said 25 September, while another was injured in the melee. According to a Reuters report, Poderosa said the fresh attack by “criminals” linked to illegal mining in the region took the list of a security guard that was…
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South African-based Gold Fields has agreed to acquire Canadian miner Osisko Mining for C$2.16 billion ($1.57 billion), reported Reuters. The cash deal will help Gold Fields expand its presence in the Americas region, where it already has mines in Chile and Peru. Gold Fields said Osisko’s projects in Quebec would also help it “firmly solidify” its footprint in one of…
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Westgold Resources and Karora Resources have merged to create a leading mid-tier gold producer operating exclusively in Western Australia with a pro forma market capitalization of A$2.5 billion. “Today marks the next phase of Westgold’s evolution into a larger, unhedged and well-funded Australian gold producer,” said Westgold Managing Director and CEO Wayne Bramwell. “Our value proposition is significantly enhanced with…
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Mexico-focused precious metals miner Guanajuato Silver has announced that Ramon Davila is resigning as president and a member of the board of directors. “I feel it is the correct time to move on from my daily operational duties as president of Guanajuato Silver as well as my duties on the [board], to spend more time with my family and other…
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Niger’s junta has temporarily suspended the granting of new mining licences and ordered an audit of the sector, reported Reuters. The West African nation has the continent’s highest-grade uranium ores and is the world’s seventh-biggest producer of uranium, noted the news agency. France’s state-owned Orano operates the SOMAÏR open-pit uranium mine in northern-central Niger. Those operations have continued despite a…
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NRW Holdings’ Primero Group has been selected as the engineering, procurement and construction (EPC) contractor for Northern Star Resources’ KCGM (Kalgoorlie Consolidated Gold Mines) growth project in Kalgoorlie, Western Australia. Full story.
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Mongolia has asked its partner Rio Tinto to stay within an estimated $7.06 billion budget for the Oyu Tolgoi copper and gold mine’s underground expansion, reported Reuters. Full story.
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