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Creamer Media Reporter

Paringa intercepts Kentucky #9 coal seam

20th December 2018 Coal developer Paringa Resources has intercepted the Western Kentucky Number 9 coal seam with the Poplar Grove primary transportation slope, marking a material milestone towards the production of coal. The ASX- and Nasdaq-listed company said on Thursday that intercepting the coal seam enabled it... 

Base Metal Experts Outline Contrasting Fortunes for Tin and Copper in 2019

20th December 2018 The new year could see two base metals experience contrasting fortunes as it plays out according to industry experts. With increasing demand for tin and the weaponization of copper by China, the markets could move dramatically in one direction or the other as 2019 gets into its stride. The latest... 

Osisko Gold Royalties to repay debt, buy back C$100m in shares

20th December 2018 Osisko Gold Royalties has received $118.5-million from Pretium Resources, which has repurchased the Brucejack gold and silver stream, allowing the precious metals royalty company to repay debt and to fund share repurchases. The TSX- and NYSE-listed company said on Wednesday that it would repay... 

Scotland’s Cononish mine enters development phase

19th December 2018 Development of the Cononish gold and silver mine started on Wednesday, following confirmation from the Loch Lomond and Trossachs National Park Planning Authority (NPA) that all 19 pre-start conditions to the planning application have been discharged. London-listed Scotgold said that it planned... 

Heron starts Woodlawn commissioning

19th December 2018 Base metals firm Heron Resources has started commissioning activities at its Woodlawn zinc/copper project, in New South Wales, the ASX-listed firm announced on Wednesday. Commissioning activities mark the start of the final phase in the construction programme for the Woodlawn project, which has... 

Nathan Williams is New Executive Officer Basil Read Mining

19th December 2018 Grassy Park on the Cape Flats is far way from the nearest mine. Thus when Nathan Williams enrolled in a Chemical Engineering Degree at UCT in 1991,  little did he know that it would take him on a 27 year journey into mining all around the continent. He took over as MD of Basil Read Mining in May... 

Letšeng yielded record number of 100-ct-plus diamonds this year

19th December 2018 The Letšeng mine in Lesotho has produced a 101 ct diamond, bringing the total recoveries to a record 14 diamonds of more than 100 ct during the year, London-listed Gem Diamonds reported on Wednesday. Besides the 101 ct diamond, the miner also extracted a 71 ct white Type IIa diamond. 

Platreef Shaft 1 reaches 850 m below surface

18th December 2018 Shaft 1 at Ivanplats’ Platreef project, near Mokopane ,in South Africa, has reached a depth of 850 m below the surface and work has begun on the 850 m station – the second of three horizontal mining access stations planned for the shaft that is currently under construction. The first mining... 

Zambian revenue authority clears Kagem

18th December 2018 JSE-listed coloured gemstone miner Gemfields said on Tuesday that the Zambian Revenue Authority (ZRA) had cleared its Kagem mine, following a recent tax investigation. The investigation started in August when the ZRA served two search warrants during an unannounced visit to Kagem. The search... 

Santos turns to solar for Cooper basin pumping

18th December 2018 Oil and gas major Santos will reduce its production emissions with an Australian-first roll out of 100% renewable energy to power its oil well operations in the remote Cooper basin in South Australia and Queensland, following a grant from the Australian Renewable Energy Agency (Arena). The... 

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