Category: Mining

Tectonic Metals appoints cofounder Eira Thomas as board chair.
International Relations Minister Phenyo Butale says African country’s processing sector will benefit from collaboration, according to media source.
Company finds 17-carat “Christmas tree ornament” and 2.7-carat “puppy” at Severalmaz site.
Program will save operators of Ekati, Diavik and Gahcho Kué around $8.8 million.
Company is working on extending life of its core deposits and foresees them producing until 2055.
Canada Development Investment Corporation gives $83 million loan to Burgundy Diamonds.
Country is already suffering economically and highly dependent on diamond sector, report says.
The company sold 98% of the package the Zimbabwe government seized in 2010 and released in April.
Miner appoints Wayne Malouf as chairman and Lester Kemp as interim CEO.
Move comes ahead of vote on De Beers owner’s merger with Teck Resources.

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