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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Fresnillo appoints COO

9th January 2019 LSE-listed Fresnillo, which owns gold and silver mines in Mexico, has appointed André Sougarret Larroquete as COO. He will oversee the safe and efficient running of the company’s existing mines. 

Sunrise Resources raises £350 000

9th January 2019 Aim-listed Sunrise Resources has raised £350 000 before expenses, through a conditional placing of 291.67-million shares at a price of 0.12p apiece, representing a discount of about 14% to the closing mid-market price on January 8. The net funds raised will be applied primarily to the company’s... 

Equinox sets 2019 gold output guidance at 230 000 oz to 265 000 oz

9th January 2019 Equinox Gold, which produced about 26 000 oz of gold from its Mesquite gold mine, in California, in 2018, expects to produce 230 000 oz to 265 000 oz of gold this year at an all-in-sustaining cost (AISC) of $900/oz to $950/oz. This year's production will include contributions from Mesquite, which... 

Mosaic company enters into MoU with Sinochem

9th January 2019 Concentrated phosphate and potash crop nutrients producer Mosaic Company has entered into a memorandum of understanding (MoU) with Sinochem, China’s largest agricultural inputs company, for the supply of phosphate rock and phosphate fertilisers, including premium products. “We are pleased to... 

First Cobalt starts permitting and environmental programmes at Iron Creek

9th January 2019 First Cobalt has appointed consultants Brown and Caldwell to provide guidance on permitting and to develop an environmental baseline study strategy for its Iron Creek project, in Idaho. “On the heels of the maiden resource estimate announced in the fall, this is one of a series of technical... 

Nautilus, Deep Sea Mining Finance extend loan facility maturity date

8th January 2019 Nautilus Minerals and Deep Sea Mining Finance have agreed to extend the maturity date of the existing secured loan facility, which is currently due on January 8, for 30 days to February 8. Nautilus is currently in discussions with an arm’s length party to secure a $5-million loan. 

Updated resource estimate significantly increases Landore’s BAM gold resource tonnages

8th January 2019 An updated mineral resource estimate on the BAM gold deposit at London-listed Landore Resources’ Junior Lake Property, in Ontario, Canada, has significantly increased the deposit’s gold resource to 28.83-million tonnes at 1.03 g/t gold for 951 000 oz of gold, including 20.20-million tonnes at... 

Ferrexpo expects production to remain flat in 2019

8th January 2019 London-listed Ferrexpo, which operates mines in the Ukraine, produced about 10.6-million tonnes of iron-ore pellets in 2018 – a 1.2% increase on the 10.4-million tonnes produced in 2017. In a trading update published on Tuesday, the company reported that pellet production for this year would be... 

Ascot Resources to acquire IDM Mining

8th January 2019 IDM Mining and Ascot Resources have entered into a definitive arrangement agreement that will result in Ascot acquiring all of the issued and outstanding common shares of IDM. Each IDM shareholder will be entitled to receive 0.0675 of a common share in Ascot for each share in IDM held. 

Copper demand to outstrip production – Fitch

7th January 2019 Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace... 

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