Breaking News
BHP woos South Africa in pursuit of $39bn Anglo takeover 1 International 

BHP woos South Africa in pursuit of $39bn Anglo takeover

Constance
BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American. The executives have already begun conversations with key stakeholders, focusing on explaining the detail of the existing $39-billion proposal – currently back on the drawing board after it was rapidly rejected by its target – and its benefits, according to people familiar with the matter.… Read More Here
Barrick Declares Q1 Dividend 2 Gold News in Brief 

Barrick Declares Q1 Dividend

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) on 1st of May announced the declaration of a dividend of $0.10 per share for the first quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q1 2024 dividend will be paid on June 17, 2024 to shareholders of record at the close of business on May 31, 2024. “The continued strength of our balance sheet and our global asset base provide us with the ability to maintain the distribution of a robust dividend to… Read More Here
Barrick to Ramp Up Production As It Remains On Track to Achieve 2024 Targets 3 Gold Mining in DRC 

Barrick to Ramp Up Production As It Remains On Track to Achieve 2024 Targets

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reported its first quarter results which were in line with guidance and position the Company well to meet its full year targets. Gold production is expected to ramp up steadily during the year, supported by the completion of the Pueblo Viejo plant expansion and the resumption of operations at the Porgera mine. Additionally, copper production is also on track to meet the full year’s guidance. Reporting its Q1 results, Barrick said lower production and the consequent higher costs reflected the delayed ramp up at Pueblo… Read More Here
Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates 4 Press Release Mining in DRC 

Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates

Constance
Kamoa-Kakula sold 85,155 tonnes of payable copper during the quarter and recognized revenue of $618 million, as well as EBITDA of $365 million Ivanhoe Mines recorded Q1 2024 loss of $69 million, primarily as a result of non-cash loss on convertible bonds due to 26% quarterly share price increase; normalized profit of $70 million and adjusted EBITDA of $126 million Kamoa-Kakula produced 86,203 tonnes of copper in Q1 2024; annual production guidance for Kamoa-Kakula maintained at between 440,000 to 490,000 tonnes of copper Kamoa-Kakula’s quarterly cost of sales total $1.50/lb.… Read More Here
Ivanhoe Mines announces redemption of $575 million 2.50% convertible senior notes due 2026 5 Press Release International 

Ivanhoe Mines announces redemption of $575 million 2.50% convertible senior notes due 2026

Constance
Ivanhoe will reduce debt to below $150 million following redemption of the convertible notes VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) has announced that it will redeem all of its outstanding 2.50% Convertible Senior Notes due 2026 (the “Notes”) on July 11, 2024 (the “Redemption Date”) at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest on such Notes to, but not including, the Redemption Date (the “Redemption Price”). As at April 29, 2024,… Read More Here
Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica 6 International Exploration Gold 

Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is pleased to announce that its subsidiary Barrick Gold (International Holdings) Ltd. (“Barrick”) has entered into an exploration earn-in agreement with Geophysx Jamaica Ltd. (“Geophysx”) with respect to certain properties located in Jamaica (the “Agreement”). The Agreement initially provides Barrick with access to approximately 4,000 square kilometers of consolidated land positions throughout the country, with a favorable geological setting comparable to the Dominican Republic, where Barrick operates the Pueblo Viejo mine. Barrick will have the right to work with Geophysx to earn up to an 80%… Read More Here
M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC 7 Mining in DRC Coltan Regional conflict Tin 

M23 Rebels Seize Control of Coltan Mining Town in Eastern DRC

Constance
M23 rebels in the eastern Democratic Republic of Congo have captured Rubaya, a vital mining town known for its coltan reserves, following days of intense conflict, according to a rebel spokesperson. Eastern Congo has endured violence since the 1990s, fueled by struggles over identity, ethnicity, and resources, resulting in millions of deaths and the emergence of numerous armed groups. Willy Ngoma, the spokesperson for the Tutsi-led M23 militia, stated that they had taken control of Rubaya in North Kivu province after confronting other armed factions, including the Forces for the… Read More Here
Vale & Caterpillar sign deal to test battery trucks & conduct ethanol studies 8 International Mining Equipment 

Vale & Caterpillar sign deal to test battery trucks & conduct ethanol studies

Constance
Vale and Caterpillar have signed an agreement to test battery electric large trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks. The aim is to support Vale in achieving its goals of reducing scope 1 and 2 (direct and indirect) carbon emissions by 33% by 2030 and zeroing its net emissions by 2050. Haul trucks powered by batteries are being developed by Caterpillar. A battery powered truck with capacity of 240 tons will be tested by Vale at its operations in Minas Gerais. Caterpillar is also… Read More Here
Tantalex Lithium Resources Corp. Announces Private Placement and Appointment of Senior Advisor 9 Mining in DRC Lithium Mining Personality 

Tantalex Lithium Resources Corp. Announces Private Placement and Appointment of Senior Advisor

Constance
Toronto, Ontario, April 29th, 2024 – Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) (“Tantalex” or the “Corporation”) is thrilled to unveil a non-brokered private placement initiative, representing a significant milestone for the company’s growth trajectory. The private placement comprises approximately 117,090,857 common shares (the “Common Shares”) at a favorable price of $0.035 per Common Share, aiming to generate gross proceeds of up to USD$3,000,000 (the “Private Placement”). The primary allocation of the proceeds from the Private Placement will be directed towards critical project expenditures geared… Read More Here
Nevada Gold Mines Celebrates Official Opening of Goldrush Mine 10 International Gold 

Nevada Gold Mines Celebrates Official Opening of Goldrush Mine

Constance
The Goldrush Project is officially on track to produce 130,000 ounces1 of gold this year and will further enhance the value Nevada Gold Mines (NGM) brings to the state through taxes, employment and meaningful support for communities, said Barrick President and CEO, Mark Bristow, at the project’s opening ceremony attended by Governor Joe Lombardo and local stakeholders. Barrick, which owns 61.5% of the project through the NGM joint venture with Newmont (38.5%), is developing and will operate the mine, scheduled to reach commercial production by 2026 and growing to approximately 400,000… Read More Here

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