Recent activity in exploration and acquisitions in North America for the next supply of platinum reveals a troubling situation for South African platinum mining, which presents opportunities for platinum companies in safer jurisdictions.If you conduct a brief survey of headlines about platinum mining in South Africa, a stark picture is revealed.JP Morgan Cazenove recently reviewed the SA platinum...Read More
The company announced positive drilling results - including visible gold - from Union Reefs, where the processing plant is located.Read More
Mining Journal: What brought on the London listing?Read More
The PEAs cover its Mato Bula gold-copper project, Da Tambuk gold project and 70%-owned Terakimti gold heap leach project, all within 15km of each other in northern Ethiopia.Read More
In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.Read More
Premier said it had accepted Arc's offer of 6.13 million Arc shares, or about 1.9% of Arc's enlarged share capital.When the offer closes May 10, the company, formerly known as Ortac Resources, will own 95.9% of Casa, which holds a 71.25% stake in the 1.57 million ounce inferred resource Akyanga gold deposit in the Democratic Republic of Congo.Arc started a comprehensive soil sampling programme at...Read More
Although the company reported an operating loss of US$9.4 million, this was an improvement from the loss of $15.6 million seen in 2016. Loss per share was 0.8c, down from a loss of 3.2c/share the previous year.Revenue for the year edged up 1% on the year to $28.3 million, although EBITDA fell 52% to $2.2 million and cash flow from operations dropped 73% to $1.3 million.Rambler milled a record thro...Read More
RESOURCEStocks: First of all, White Rock recently raised significant capital for the upcoming summer drilling in Alaska, and other corporate development. What did the raising say about the market appetite for the company's dual development focus and one stream of it in particular?Matt Gill: Our recent capital raising comprised a placement to raise A$1.6 million and a rights issue to existing share...Read More
Under the agreement, the two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.Both companies now have a Zimbabwe diamond database, with Vast acquiring its database in September 2008 and carrying out exploration using the data until 2010, and Botswana independe...Read More
The country is also aiding those interested in exploring for minerals by providing detailed cartography for free and making its laboratories available at cost, under-secretary of mining Mario Alfonso Cantú Suárez told Mining Journal.Read More
According to an analyst note this week by Credit Suisse, environment conscious Montana ranchers David Letterman and Ted Turner have not got involved in the anti-mining lobby, with the approval process remaining entirely a state issue and not one that has "escalated" to a broader US level.Read More
Pacific Ridge Exploration (TSXV: PEX) announced today that it is planning to buy the Spius porphyry copper project, located 40 kilometres southwest of Merritt, British Columbia.In a press release, the Vancouver-based miner whose assets span from Yukon to B.C., said that the Spius property was explored for its porphyry potential in the 1960's and early 1970's. However, most of the records from that...Read More
LONDON, April 30 (Reuters) - China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.The aluminium market is reeling from the devastating one-two of U.S. tariffs and sanctions on Oleg Deripaska's Rusal empire.China, the world's largest aluminium producer, was the main target of those tariffs but might ironically turn out...Read More
Glencore Plc dropped the most among the U.K.'s biggest stocks as the company clashed with a former partner over royalties at key copper and cobalt mines in the Democratic Republic of Congo.The shares fell as much as 3.9 percent after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local...Read More
Investing.com - Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%.The U.S. nonfarm payrolls report for April, set to be released next Friday, and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday, which will help...Read More
Argentinian lithium producer Orocobre (TSX: ORL) recently reported lower than expected lithium production in its third fiscal quarter because weather interfered with its evaporation rates of its lithium brines. This reveals two problems with lithium brine production: reliability and geography. Another source of lithium is rising to met these problems, hard rock lithium mining. One analyst pointe...Read More
It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot.Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the upside, Gundlach's...Read More
The London, Warsaw and Australian-listed company has two coal projects in Poland, Jan Karski and Bebiensko, and has signed a six-month non-disclosure agreement with JSW while the miner looks at buying them or partnering with Prairie.Read More
They will replace directors Matt Idiens and Dave Pelham, who plan to retire after the company's annual general meeting later this year.Both directors will also join the company's technical advisory committee, of which Roux has been made chairman.He was most recently COO of Endeavour mining and has over 42 years' experience in the mining industry, with previous experience at Anglo American, De...Read More
Highlights included 50m at 0.56% copper, 0.5g/t gold and 236.4g/t silver; and 36m at 1.45% copper."We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season," CEO Adam Lundin said.Filo released a preliminary economic assessment on the oxide portion of the project's existing resource in November, which outlined an after-tax...Read More