Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.
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Zimbabwe to raise taxes on platinum, lithium to boost revenue.
Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions.
Sundance Resources submits claim in iron ore dispute with Congo Republic.
Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba project, which straddles the border of Congo and Cameroon, and which it has yet to begin mining due to disputes with both central African countries.
Caledonia Mining to buy one of Zimbabwe’s largest gold projects.
Caledonia Mining Corporation (LON: CMCL) is set to be the new owner of one of Zimbabwe’s biggest gold mining projects after agreeing to acquire Bilboes Gold Limited, owner of the namesake gold project, in a $53 million shares deal, plus a royalty on revenues.
Gemfields on alert as insurgent attacks creep closer to Montepuez.
Africa-focused Gemfields (LON: GEM) (JSE: GML) warned on Wednesday that insurgents attacks are edging closer to its ruby mine in Mozambique’s northern Cabo Delgado province but said operations had not been halted.
Vortex Metals drill ready at potential next big copper-gold VMS discovery in Mexico. The story of Vortex Metals (TSXV:VMS), started with the vision of the late David Jones, a renowned geologist credited as spearheading the discovery of 4 million ounces of gold in what became the Los Filos gold deposit in Mexico, now owned by Equinox Gold.
Canada races ahead of US on current lithium project pipeline. Canada’s lithium supply response is expected to post strong growth through 2031 and outperform the US, a new analysis by Fitch Solutions Country Risk & Industry Research suggests.
Equinox Gold’s Greenstone project on schedule for first pour in H1 2024. Equinox Gold (TSX: EQX), the company developing the Greenstone project in Ontario in partnership with Orion Mine Finance Group (60/40), said the overall project is now 35% complete, and the mine is on schedule to pour its first gold in the first half of 2024.
Greenland Minerals to fight draft rejection of mining permit for rare earths project.
Australia-based Greenland Minerals (ASX: GGG) said on Tuesday it will fight the Greenland government’s draft decision to reject a mining permit for the company’s Kvanefjeld rare earths project, based on a nationwide ban to uranium exploitation and exploration passed in November.
Codelco resuming work at halted projects after deaths.
Chile state-owned copper miner Codelco has begun to gradually restart two of its ongoing growth projects, which were halted last week following the death of two workers this month at different mine sites.