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Creamer Media Reporter

European Lithium lists on London’s NEX

28th November 2018 Australia-headquartered mining explorer and developer European Lithium started trading on the NEX Exchange Growth Market (NEX) in London on Wednesday. The listing provides the company, which is developing the Wolfsberg lithium project in Austria, to increased exposure and access to European... 

Montagne d’Or JV declares official intention to proceed with mine

28th November 2018 The Montagne d’Or joint venture (JV), comprising Columbus Gold and Nordgold, has declared its official decision to French authorities to move forward with permitting and development of its gold mine, in French Guiana. The official declaration is considered a key milestone in the permitting... 

Exxaro expects higher output, coal capex for FY18

28th November 2018 Diversified miner Exxaro Resources expects to increase its production by 3% year-on-year for the 2018 financial year. FD Riaan Koppeschaar reported in an update to shareholders on Wednesday that its thermal coal production from the Waterberg is likely to increase by 15% year-on-year, in line with... 

Orion finds new copper/zinc massive sulphide body near Prieska project

28th November 2018 ASX- and JSE-listed Orion Minerals has discovered a new copper/zinc-bearing massive sulphide body located near its flagship Prieska zinc/copper project, in the Areachap Belt, in the Northern Cape.   The discovery hole, OAXD002, was drilled at the Ayoba prospect, a satellite exploration target,... 

Bezant commissions new mining study on Philippines project

28th November 2018 Copper/gold explorer Bezant has commissioned a new mining study focusing on the high-grade areas of the Mankayan project on the island of Luzon, in the Philippines. The study is to be conducted by mining technical services provider Mining Plus and will examine mining options in relation to... 

Chaarat raises $1m

28th November 2018 Acquisitive gold company Chaarat on Wednesday announced that it would raise a further $1-million to support its goal of expanding in emerging markets and to support the recently announced acquisition of the Kapan polymetallic mine, in Armenia. The company entered into loan agreements with two... 

Production outlook for Gahcho Kué mine announced

28th November 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo American’s De Beers is set to produce between 6.6-million and 6.9-million carats in the 2019 financial year – a level also forecast for 2020. The mine, located in the Northwest Territories, will... 

Sibanye says acts of violence continue at its South African gold mines

28th November 2018 JSE- and NYSE-listed Sibanye-Stillwater on Wednesday reported that acts of violence continued to be experienced at its South African gold operations, where a strike by Association of Mineworkers and Construction Union (AMCU) members was under way. “The situation at the Beatrix and Driefontein... 

Acacia terminates earn-in agreement with Sarama at Burkina Faso project

28th November 2018 London-listed Acacia Mining will terminate its earn-in agreement with TSX-V- and FSE-listed Sarama Resources over the South Houndé project, in Burkina Faso. Acacia chose to divest of the project as part of an ongoing review of its exploration portfolio, with the project considered to be noncore. 

Gold Fields insists South Deep retrenchments are a last resort

27th November 2018 JSE- and NYSE-listed Gold Fields says it has acted in “utmost good faith” and insists the currently planned retrenchment of 1 082 employees and 420 contractors at the South Deep mine is a last resort. This follows after the Department of Mineral Resources (DMR) on Monday evening issued a media... 

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