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Creamer Media Reporter

W Resources to raise £1.5m

27th November 2018 Aim-listed W Resources has announced a capital raise of £1.5-million, strengthening its capital reserves and balance sheet as it advances its tungsten and tin development plans. The placement of 306 122 449 shares at 0.49p a share introduced a new institutional fund manager, Miton, to the... 

Newmont’s Rhodes joins Maverix Metals board

27th November 2018 The VP of corporate development at Newmont Mining Blake Rhodes has joined the board of TSX-V-listed gold royalty and streaming company Maverix Metals. Rhodes joined Newmont in 1996 and has held various positions in the mining giant. 

Eurasian Resources Group secures electricity supply for DRC copper mine

27th November 2018 Diversified natural resources group Eurasian Resources Group (ERG) has concluded an agreement with electricity company Société Nationale d’Électricité (SNEL) for the supply of 41 MW of electricity for its Frontier mine, in the Democratic Republic of the Congo (DRC). SNEL will source the... 

Exxaro grants Tronox option to buy 24% stake

27th November 2018 Diversified miner Exxaro Resources has granted NYSE-listed mining and inorganic chemicals company Tronox the option to buy Exxaro's remaining 24% interest in Tronox. Exxaro in 2012 merged its mineral sands operations with those of Tronox. It held about 38.5% of Tronox following the merger but... 

Tharisa, AMCU agree to two-year wage deal

27th November 2018 JSE- and LSE-listed Tharisa has reached a two-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) at the Tharisa platinum group metals and chrome mine, near Rustenburg. The agreement is effective from July 1, this year, to June 30, 2020, and applies to employees... 

Kibo concludes sale of Kibo Nickel

27th November 2018 Aim- and AltX-listed Kibo Energy's Kibo Mining subsidiary has concluded the sale of Kibo Nickel to Katoro Gold. Kibo Energy announced in June that it would sell Kibo Nickel to Katoro for 15.39-million shares valued at about £200 000 as part of its strategy to focus on its energy projects. 

Newmont in commercial production at Ghana underground mine

26th November 2018 Gold and copper miner Newmont Mining has declared commercial production at the Subika underground mine in Ghana – its third completed expansion project for the year. The $186-million Subika underground project will expand the production of the Ahafo mine, producing an average of 150 000 oz/y to... 

ICMM commits to UN Guiding Principles on Business and Human Rights

26th November 2018 The International Council on Mining and Metals (ICMM) on Monday committed its members to implement the United Nations (UN) Guiding Principles on Business and Human Rights.   Speaking at the UN Annual Forum on Business and Human Rights, ICMM CE Tom Butler announced the industry body's new... 

Resolute procures 40 MW solar hybrid power plant for Syama

26th November 2018 ASX-listed Resolute Mining has signed a joint development agreement with power project financier, developer and operator Ignite Energy Projects for the development of a 40 MW independent solar hybrid power plant at its Syama gold mine, in Mali. The power plant, which will be operational by the... 

Savannah expands Mina do Barroso lithium project team

26th November 2018 Aim-quoted Savannah Resources has added a number of leading Portuguese and international consultancy groups to its team advancing work on the Mina do Barroso project. The new consultancies appointed would assist Primero Group and Savannah’s in-house team in their work on the feasibility study,... 


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