R/€ = 14.54 Change: 0.02
R/$ = 12.46 Change: -0.04
Au 1303.77 $/oz Change: 8.07
Pt 901.00 $/oz Change: -7.40

Creamer Media Reporter

Semafo signs mining services contract with AUMS

24th May 2018 TSX-listed Semafo has signed a mining services contract with African Underground Mining Services (AUMS) for the Siou underground mine, in Burkina Faso. AUMS will be responsible for supplying the mining fleet and a skilled labour force for the Siou underground mine, in addition to providing... 

Petropavlovsk mulling over options to avoid IRC missing ICBC payment

23rd May 2018 Gold miner Petropavlovsk and Hong Kong-based IRC, in which it is a large shareholder, are continuing negotiations with the Industrial and Commercial Bank of China (ICBC) to amend the repayment schedule of a $340-million project finance facility. Petropavlovsk is the guarantor of the project... 

Eurasia’s West Kytlim fully operational

23rd May 2018 The West Kytlim alluvial platinum mine, in the Ural mountains of Russia, is fully operational and is producing an average of 1.8 kg a day of raw platinum, Aim-listed Eurasia Mining reported on Wednesday. In the first two weeks of production, the mine produced 11.8 kg at a suggested average grade... 

Kazatomprom delivers uranium to Brazil

23rd May 2018 The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... 

Alrosa reopens office in world’s largest diamond jewellery market

22nd May 2018 Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York. The New York office was first opened in 2006, but has not operated since 2016. 

Tertiary continues project acquisition negotiations

22nd May 2018 Fluorspar junior Tertiary Minerals is continuing negotiations to potentially acquire a project, which has the potential to generate revenue in the near term. Early stage due diligence and negotiations were progressing, Tertiary said on Tuesday in its operational report for the six months to... 

Ferrum Crescent completes fundraising to advance Spain project

22nd May 2018 Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain. The company on Tuesday issued new shares and options to raise about... 

Bluejay targets 100Mt resource at Greenland prospect

22nd May 2018 Aim-listed Bluejay is gearing up for an exploration programme to get under way at the Iterlak discovery, which forms part of its Dundas ilmenite project, in Greenland. Bluejay has set itself a target of delivering a maiden resource at Iterlak of more than 100-million tonnes of material at an... 

Polyus says Natalka operating at 80% capacity

21st May 2018 The new greenfields Natalka mill in the Tenkinskiy district of Russia’s Magadan region is operating at 80% of its design throughput capacity of ten-million tons a year, LSE-listed Polyus reported on Monday. Natalka, which has produced more than 40 000 oz of gold since the beginning of the year,... 

Search on for 2018’s most inspirational women in mining

21st May 2018 Nominations for this year’s inspirational women in mining have opened. Women in Mining UK’s third edition of ‘Top 100 Global Inspirational Women in Mining’ will showcase the contribution of women in the global mining industry and will seek to debunk a misconception that there is not a pipeline... 

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