Finance & business

The US Department of Labor has announced the availability of US$250 000 in Brookwood-Sago grants for mine safety, education and training.

Yesterday, Hecla Mining Company finalised its acquisition of Klondex Mines Ltd.

The company also announced that it had acquired Glencore’s 39% stake in Mototolo, a mechanised platinum mine on the eastern limb of South Africa’s platinum belt.

Motorola Solutions has joined the Siemens’ Solution Partner Program.

For FY18, Harmony Gold Mining Company (Harmony) exceeds its annual production guidance by 4%.

Yesterday, Roxgold Inc. announced the appointment of a new Chief Financial Officer of the company.

De Beers Canada is to purchase 100% of the outstanding securities of Peregrine Diamonds Ltd for CAN$107 million.

CSA Global reveals it has appointed Brendan Clarke as the company’s Manager for Africa.

In a statement, Nevsun’s CEO said that the announcement by Lundin “ignored the fundamental value of Nevsun and its assets.”

Lunding Mining Corp. plans to acquire all issued and outstanding common shares of Nevsun Resources Ltd.

Alongside the recapitalisation of the company, Bowie Resource Partners has appointed new senior executives.

Simon Jackson has been replaced as CEO by Dr Nicole Adshead-Bell, who acknowledged that the company’s Tucano gold mine in Brazil had “underperformed”.

The company produced 2.3 million oz. of silver and 14 557 oz. of gold plus base metal by-products.

Algold Resources enters into several funding agreements including one with Wafa Mining & Petroleum SA to help advance its Tijirit project in Mauritania to the next stage of development.

The company has released highlights from its four mines, including a new one under construction in Nevada, US.