R/€ = 14.71 Change: -0.06
R/$ = 11.97 Change: -0.01
Au 1316.96 $/oz Change: 2.39
Pt 947.50 $/oz Change: -4.51

Creamer Media Reporter

Strategic Minerals updates Cornwall tin project resource

20th March 2018 The inferred mineral resource of the Redmoor tin/tungsten project, in the UK, has increased to 4.5-million tonnes, at 1% tin-equivalent, Aim-listed Strategic Minerals reported on Tuesday. The update, established by mining consultancy SRK Consulting, is nearly double the previously reported... 

Dalradian continues to move Northern Ireland project towards production

19th March 2018 With the planning application for the Curraghinalt mine submitted, dual-listed Dalradian Resources’ primary goal is to progress the Northern Ireland project to production. This goal will be advanced this year through drilling, engineering and geological studies, as well as environmental and... 

Georgian agrees terms for Kvemo Bolnisi development

15th March 2018 London-listed Georgian Mining and its joint venture (JV) partner Caucasian Mining have agreed on terms for the development of the Kvemo Bolnisi (KB) copper/gold project, in the Tehtyan Belt in Georgia. The parties have settled on funding the JV company, Georgian Copper and Gold (GCG), on a 50:50... 

Scotgold offloads French exploration licences

15th March 2018 Aim-listed Scotgold has sold the subsidiary that holds its exploration licence in Vendrennes, France, to focus its effort on the Cononish gold project, in Scotland. The subsidiary, SGZ France, also has applications pending for exploration licences for Penlan and Olivet. 

eCobalt appoints process manager

13th March 2018 eCobalt Solutions is accelerating the development of its flagship Idaho project with the appointment of Darby Stacey as the mill and processing manager. Stacey will be responsible for leading all of the company's mineral processing and metallurgical activities in the historic Idaho Cobalt Belt,... 

Alrosa uses gas sale proceeds to repay loans

12th March 2018 Diamond miner Alrosa has used the proceeds of the cash sale of its gas assets to repay $450-million in bank loans. The company announced on Monday that it had repaid a $250-million loan from Rosbank and a $200-million portion of its existing Raiffeisenbank loan, reducing its debt by more than 27%... 

Ariana forecasts higher output from Turkey mine

12th March 2018 The Kiziltepe mine – a joint venture between London-listed Ariana Resources and Turkey’s Proccea Construction – will produce significantly more gold this year, than it did in 2017. In a 2018 production guidance, issued on Monday, Ariana stated that the Turkey-based mine would produce 20 000 oz of... 

Energy Fuels narrows FY loss

11th March 2018 Amid continued uranium market weakness, Energy Fuels in 2017 became the largest uranium producer in the US, which president and CEO Mark Chalmers says is the culmination of a multiyear strategy for the company. The company narrowed its net loss for the year ended December 31, to $27.77-million,... 

Creditors approve Banro's recapitalisation plan

11th March 2018 Affected creditors have approved Banro Corporation's proposed recapitalisation plan. Banro, which operates the Twangiza and Namoya mines, in the Democratic Republic of Congo (DRC), on Friday said the creditors' approval was a key step towards its implementation and the emergence of the company... 

Drilling gets under way at Stonepark zinc project

9th March 2018 Drilling at the Stonepark zinc joint venture (JV) project, in Limerick, is set to start in the next few weeks, 23.44%-owner Connemara Mining reported on Friday. The London-listed company said that the drilling was aimed at determining if exploration success at the adjacent Pallas Green project of... 

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