Eric Zurrin, chief executive of Shanta Gold PLC (LON:SHG), chats to Proactive's Andrew Scott following the release of their first quarter update.Output in the three months to March was 17,663 gold ounces against 21,288 in the previous quarter, though this was in line with the annual target of between 82-88.000oz.New Luika recently started underground production and Shanta is focused on reducing de...Read More
Vangold Mining Corp. (TSXV:VAN; OTC:VGLDF) ('Vangold' or the 'Company') is pleased to announce that the Company will be participating in The Northern Miner - Canadian Mining Symposium at Canada House in London on April 24th and 25th.Read full newsRead More
Rod McIllree, chief executive of Bluejay Mining PLC (LON:JAY) talks Proactive's Andrew Scott through the upgrade to the ilmenite resource at the Dundas shoreline project in Greenland.The mineral sands prospect now holds 96mln tonnes at 6.9% ilmenite, a 400% increase on the first estimate a year ago.Consultant SRK calculated the estimate using a combination of auger and sonic drilling.Dundas is one...Read More
JAKARTA, April 23 (Reuters) - Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017, a company director said on Monday.That excludes any increase in Adaro's coking coal output that may come from its planned purchase of the Kestrel mine in Australia from Rio Tinto .Adaro unit Adaro MetCoal Companies (AMC) has 54 million tonn...Read More
BEIJING, April 23 (Reuters) - Aluminum Corp of China Ltd , known as Chalco, said on Monday that first-quarter net profits fell by 19.4 percent from a year ago due to lower aluminium prices but one-off gains helped it avoid a much worse result.The company, China's biggest state-run aluminium producer, said in a filing to the Shanghai Stock Exchange that net profit during the January to March was 30...Read More
Straterra, New Zealand's minerals sector industry organization, has welcomed Energy Minister Megan Woods comment on TVNZ's Q and A on Sunday that the government has no plans to end coal mining in New Zealand, particularly in light of government's recent decision to ban all offshore exploration for oil and gas which sent shock waves through the business community."As well as providing jobs and con...Read More
Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation's automated material handling system.The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold th...Read More
WARSAW, April 23 (Reuters) - Polish copper producer KGHM Polska Miedz said on Monday its first-quarter copper sales fell 12 percent year on year to 133,400 tonnes.KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.(Reporting by Marcin Goclowski and Anna Koper; editing by David Evans)Read More
WASHINGTON/MOSCOW, April 23 (Reuters) - The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc's major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company.Aluminum prices on the London Metal Exchange tumbled 8.7 percent on the U.S. Treasury...Read More
Precious gemstones miner Gemfields is stepping up efforts to increase transparency across the entire supply chain amid fresh allegations of human rights abuses at its Montepuez ruby mine in Mozambique, which has cost it a lawsuit filed last week in London's High Court.Leigh Day, the London-based law firm representing over 100 locals, said security forces employed by the miner - which describes it...Read More
(Bloomberg) - Katanga Mining Ltd. will soon be the world's top cobalt miner, churning out thousands of tons of metal and billions of dollars in revenue for Glencore Plc. It's also turning into a major thorn in the commodity giant's side.Katanga is controlled by Glencore but trades in Toronto, making it one of few options for equity investors seeking exposure to the coveted battery ingredient. Its...Read More
(Bloomberg) - A Glencore Plc subsidiary said the Democratic Republic of Congo's state-owned mining company began legal proceedings to dissolve a unit forecast to become the world's largest cobalt mine, because of a capital shortfall.Toronto-listed Katanga Mining Co. said it has several options to remedy the deficit at Kamoto Copper Co., which operates a copper and cobalt mine in southeastern Cong...Read More
Mr. Matthew Hornor reportsMAPLE GOLD DEFINES NEW NIKA GOLD ZONE WITH INITIAL DRILL RESULTS FROM GAP AREA BETWEEN PORPHYRY, DOUAY WEST AND NW ZONES Maple Gold Mines Ltd. is providing an update on the continuing winter drilling campaign. The program has ramped up with eight diamond core drill rigs now actively testing all target areas (resource area, NE Syenite and NW Syenite targets). One of the co...Read More
Shares in Petra Diamonds (LON:PDL) climbed almost 8% on Monday after the miner reported a significant revenue increase in its third-quarter driven by record production in the first three months of 2018.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said revenue for the quarter ended March 31 climbed 44% to $172 mill...Read More
Miners operating in the Democratic Republic of Congo (DRC) said Monday they were hopeful their current talks with civil society, a member of the mining code revision tri-partite group and other key interested groups, would help iron out issues that need to be dealt with before the country's new mining code is implemented.The group, which includes Randgold Resources, Glencore, Ivanhoe Mines, Ziji...Read More
April 22 (Reuters) - Shandong Gold Mining Co Ltd : * SAYS Q1 NET PROFIT UP 5.9 PERCENT Y/Y AT 346.8 MILLION YUAN ($55.10 million) Source text in Chinese: https://bit.ly/2HDCHKb Further company coverage: ...Read full newsRead More
Since the price of gold fell from its highs in 2011, producers have needed more capital to cover increasing costs. This is where precious metal royalty and streRead full newsRead More
ANCHORAGE, Alaska (AP) - The Army Corps of Engineers is expecting to release its environmental review next week for the proposed Donlin Gold mine in western Alaska.The environmental impact statement for the large open-pit mine project has been in the works since late 2012, the Alaska Journal of Commerce reported Thursday.The review will include the Corps' recommendations on how the project can be...Read More
You're not supposed to pan for gold in the San Gabriel River - but that hasn't stopped people. Now there's a plan to crack down on it.Read full newsRead More
Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules.Read full newsRead More