William Lamb, CEO of Lucara Diamond Corp. (TSX:LUC), got an urgent call from his chief operating officer, Paul Day, in Botswana at 1:29 am. Monday morning. Lamb called him back at 4 a.m. “He said, ‘Are you sitting down?’”...
Gold Fields deciding Ghana’s mine fate, as bullion prices diveGold Fields said that South Deep mine, bought for $3 billion in 2006, is on course to break even by the end of 2016. Gold Fields (NYSE, JSE:GFI), the world’s...
Lonmin’s Marikana mine concentrator plant. Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South...
Education is a clear priority for Angkor Gold. Each academic semester 240 students are involved in programs assisted by the company. BANTEAY, Cambodia: Accessing this village eight hours north of Phnom Penh is daunting on the best of days,...
The mineral exploration and mining sector is pleased that common sense has prevailed in seeing the passage of the China Australia Free Trade Agreement (ChAFTA) through Australia's parliament, according to Association of Mining and Exploration Companies (AMEC) chief executive...
Kincora Copper Limited has reached an agreement with Origo Partners Plc to renegotiate its obligations with respect to the Can$2.5 million convertible note held by Origo, which became due as of July 19, 2015. Kincora has a number of...
Step-out trenching being carried out at the Tsagaan Sudal deposits of Xanadu Mines’ Kharmagtai Copper-Gold Project in southern Mongolia continues to extend the strike of higher grade surface mineralization. Two new trenches 50 metres apart within the margins of...
