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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

Metgasco wins battle against NSW as court overturns drilling suspension

24th April 2015 The share price of ASX-listed Metgasco surged by about 46% on Friday as the New South Wales Supreme Court found in favour of the company in its battle against the state government’s cancellation of its Rosella exploration well. Metgasco turned to the Supreme Court last year after the New South... 

Mount Gibson reaffirms sales target, focuses on protecting cash flow

24th April 2015 Iron-ore junior Mount Gibson said on Friday that it would achieve its full-year sales target of between 4.8-million tonnes and 5.2-million tonnes, and reported that cash flows would be protected by further cost-cutting initiatives. “Mount Gibson continued to focus on capital preservation and... 

Lynas shares up on significant cost reduction progress

24th April 2015 The share price of rare earths miner Lynas increased by more than 18% on Friday as the company revealed that its cost saving initiatives had resulted in greater-than-expected benefits. CEO Amanda Lacaze told shareholders this week that cost reduction initiatives had initially been forecast to... 

Evolution buys NZ gold project

24th April 2015 Just days after acquiring private miner La Mancha’s Australian assets, gold miner Evolution Mining has inked another transaction to acquire the Puhipuhi project, in New Zealand. ASX-listed De Grey Mining reported this week that it would receive some A$370 000 in exchange for the Puhipuhi project. 

Iron Mountain takes ownership of JVs

24th April 2015 ASX-listed junior Iron Mountain Mining has taken full ownership of the Miaree and Blythe joint ventures (JV), paying JV partner Red River Resources a ‘nominal’ fee. Iron Mountain said on Friday that as a result of the acquisition, both JVs would be terminated, and would allow Iron Mountain the... 

Tomingley suffers from water shortage

24th April 2015 Dry weather conditions has resulted in gold miner Alkane Resources reporting a dip in gold production during the three months to March. The miner told shareholders on Friday that extremely dry weather at its Tomingley operation, in New South Wales, meant that both mining and processing... 

Devon trial mining set to start - GME

24th April 2015 Junior developer GME Resources was expected to start trial mining operations at its Devon gold mine in Western Australia, by the first week of May. The ASX-listed company said on Friday that trial mining was expected to deliver between 15 000 t and 18 000 t of high-grade oxide material and... 

Paladin loses 10% production in March quarter

24th April 2015 Uranium miner Paladin Energy has reported a 10% decline in production during the March quarter from its Langer Heinrich mine, in Namibia. The company said on Friday that while mining production volumes remained on target, production at the Langer Heinrich plant was affected by a failure of the... 

Northern Star maintains guidance despite weaker March quarter output

23rd April 2015 Gold miner Northern Star Resources on Thursday reported that the company was on track to meet its full-year production targets, despite posting a slight decline in its March quarter production. Gold production for the three months under review declined to 135 498 oz, from 142 556 oz in the... 

Sandfire restructures DeGrussa project facility, reports higher output

23rd April 2015 ASX-listed copper/gold miner Sandfire Resources on Thursday announced it had completed the restructuring of its $125-million DeGrussa project finance facility. The company has reached an agreement with its financier ANZ Banking Corporation to restructure the project finance facility into a... 

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