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Global Mining News in real time

Esmarie Swanepoel

 

Assistant Editor - Online for Mining Weekly

Received BTech degree in Journalism from the Tshwane University of Technology

Capri appoints investigators to probe KBL breach claims

ASX-listed KBL Mining was again wading through the thicket, this time facing investigators from debt holder Capri Trading for an alleged breach of its general security agreement (GSA). Capri Trading regained a A$12.6-million KBL debt from ASX-listed Kidman Resources earlier this month, which... 

Newcrest boosts 2015 gold, copper guidance

Australian gold major Newcrest Mining on Friday increased its production expectations for the 2015 financial year, as the ramp-up of the Cadia East operation, in New South Wales, continued faster than expected. Newcrest upped its gold production expectations from between 2.2-million and... 

Whitehaven confident of coal’s future despite lacklustre market

Despite the declining coal prices, ASX-listed producer Whitehaven Coal remains upbeat about the company’s prospects for the future. “While not ignoring the current weakness in coal markets, we remain confident that coal has a growing role to play in the world’s future energy requirements and... 

BC Iron back in full swing

Iron-ore producer BC Iron returned to an annual run-rate of six-million tonnes a year during the three months to December, following a troubled September quarter, with the miner on Friday also downgrading its cost expectations for the full year. The Nullagine joint venture (JV), in Western... 

Tiger reaches record production in Dec

Copper cathode producer Tiger Resources has reported a record production during the month of December, as its solvent extraction electrowinning (SX-EW) plant, at its Kipoi project in the Democratic Republic of Congo, reported its first quarter at nameplate capacity. The SX-EW plant produced its... 

Chesser heads to exit Turkey

ASX-listed Chesser Resources would exit Turkey by June this year, with the miner reporting on Friday that it would cease its hunt for new resource opportunities. In September, Chesser announced the sale of its Kestanelik gold project in Turkey, for $40-million to Nurol Holdings. 

Canada's Western Uranium targets Black Range

Uranium developer Black Range Minerals has become a takeover target for Canada’s Western Uranium Corporation, which on Friday launched an A$18.5-million offer for the Australian company. Western Uranium was offering one of its own shares for every 750 Black Range shares held, with the offer... 

Middle Island on the hunt for new projects

Junior explorer Middle Island Resources has started acquisition negotiations on two possible gold assets, the company reported on Friday. The company said that it was actively reviewing project acquisition opportunities in West Africa and Australia, and, to date, reviewed "hundreds" of projects... 

Lower oil price sees Beach defer projects

ASX-listed Beach Energy on Thursday announced that it would reduce its capital expenditure (capex) during the second half of the 2015 financial year by around 20%, or by about A$55-million. The company told shareholders that it had undertaken a detailed review of its capex programme as a result... 

Low-cost, low-risk development option for Central Murchison – Metals X

A revised feasibility study of ASX-listed Metals X’s Central Murchison gold project, in Western Australia, has delivered encouraging results, with the project now expected to require a less-intensive capital investment and have a longer mine life. The revised feasibility study was undertaken... 

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