Precious and base metals developer Adriatic Metals has appointed Laura Tyler as managing director and chief executive officer. Tyler has served as Interim CEO since 9 August. Full story.
Read MoreAdriatic Metals selects Tyler as CEO
Tag: precious metals
Sibanye-Stillwater PGM mines face layoffs
Sibanye-Stillwater – the owner of the only platinum and palladium mines in the U.S. – has plans to lay off 700 employees at its operations in Montana due to declining prices for palladium, reported the Associated Press. Full story.
Read MoreDRC lifts mining suspension in South Kivu
The Democratic Republic of Congo (DRC) has reinstated mining operations in the South Kivu province, with the exception of gold extraction, reported Reuters. Gold, tin ore cassiterite and hi-tech mineral coltan from the province are mostly mined by so-called “artisanal” miners using rudimentary means, noted the news agency. The precious metal is then smuggled into global supply chains through the…
Read MoreGuanajuato Silver president steps down
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…
Read MoreGlencore drops plans to sell Kazzinc stake
Glencore has abandoned plans to sell its 70% interest in Kazakhstan-based miner Kazzinc after potential buyers failed to match its valuation, reported Bloomberg. Sources familiar with the situation told the media outlet that Glencore has sent a termination letter to the unnamed bidders. Headquartered in Oskemen, Kazzinc is Kazakhstan’s largest producer of zinc, lead and precious metals. The company has…
Read MoreSéguéla mine pours first gold
Canadian precious metals miner Fortuna Silver has confirmed the pouring of first gold at its Séguéla operation in Côte d’Ivoire. The milestone was celebrated 24 May, and the operation is now transitioning from commissioning to its ramp-up phase – and has the distinction of being Fortuna’s fifth operating mine. CEO Jorge Ganoza said the mine’s team, which “performed phenomenally” was…
Read MoreSibanye-Stillwater takes control of New Century
Sibanye-Stillwater said it is now the controlling shareholder of Australian zinc miner New Century Resources with a nearly 71% stake, two weeks after launching an unsolicited takeover bid, reported Reuters. Full story.
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