Umesh Ellichipuram

Kinross divests 90% stake in Ghana’s Chirano mine for $225m

Chirano is an operating open-pit and underground gold mine situated south of Asante Gold’s Bibiani asset.

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The mine has been evacuated, with the firm currently working alongside the authorities to respond to the incident.

Cochilco predicted 5.78 million tonnes of Chilean copper production in 2022, which marks a 2.6% growth from the prior…

The deal includes a cash payment of $175m at closing, and a future milestone payment of $31.5m.

Pre-tax profit, including exceptional items, rose by 146% to $3.5bn while cash flow from operations increased by 85% to…

The headcount reduction affects mid and senior management roles and is anticipated to cut annual costs by $40m.

Australia’s Nickel Mines company has completed the acquisition of an additional 20% stake in Angel Capital, a Singaporean holding…

Armadale Capital has secured environmental approval for the production of natural flake graphite from the Mahenge Liandu Graphite Project…

Developer Artemis Gold has awarded a C$236m ($188m) guaranteed maximum price (GMP) contract to Ausenco Engineering to build a…