Rio Tinto has engaged JPMorgan and two other advisers on its potential acquisition of Glencore, a deal that could create the world’s largest miner worth over $200 billion, a source with knowledge of the situation told Reuters. The other banks Rio Tinto has engaged are Evercore and Australian financial services group Macquarie, the person said. …
Suspected jihadists attacked the Morila gold mine in Mali at the weekend, burning equipment and taking seven employees hostage before releasing them, an official from the mining ministry told Reuters on Monday. The attack highlights mounting security risks in Mali, Africa’s third-largest gold producer, which is battling al Qaeda-linked jihadists that have targeted economic assets …
The Ghana Extractive Industries Transparency Initiative (GHEITI) has called on government to clearly state its position on the future of the Gold Fields Damang Mine, which is expected to return to state control in 2026 following the expiration of its 30-year mining lease.In its newly published 2023 EITI reports, which include updated analysis and recommendations …
Ivanhoe Mines has achieved first copper anode production at the Kamoa-Kakula copper smelter in the Democratic Republic of the Congo, marking a major milestone in the project’s transition from commissioning to early operations. The first anodes were produced on December 29, 2025, about five weeks after the smelter heat-up began and one week after copper …
Precious metal prices and shares in defence stocks have risen after the US capture of Venezuelan President Nicolás Maduro increased investors' concerns about geopolitical risks. Gold was about 2.4% higher at $4,433 (£3,293) an ounce, while the price of silver was up by 4.9%, as money was moved into so-called "safe-haven" assets. Defence stocks across …
The Global Environment Facility (GEF) has approved a major environmental and mining reform project aimed at significantly reducing mercury pollution from artisanal and small-scale gold mining (ASGM) in Liberia. The project, developed by Liberia’s Environmental Protection Agency (EPA) with support from the African Development Bank Group, will receive $7.67 million in GEF financing, alongside $24.57 …
