Esmarie Swanepoel

Mithril signs on for Nanadie exploration

Junior explorer Mithril Resources has signed a farm-in and joint venture (JV) agreement with fellow-listed Intermin Resources over the Nanadie Well copper/gold project, in Western Australia. Under the terms of the JV, Mithril could earn an...

Wonawinta increases production - CCR

Silver miner Cobar Consolidated Resources (CCR) remained firmly on track to produce some 200 000 oz/m of silver by early 2014, as the company’s Wonawinta mine, in New South Wales, continued to deliver. CCR reported on Friday that production...

YTC welcomes Pacific Road as new investor

Minerals developer YTC Resources has signed a A$25-million funding agreement with Pacific Road Capital to advance the exploration and resource delineation at its Hera-Nymagee gold and base metals project, in New South Wales. The funding would be...

Newcrest and Harmony study Wafi-Golpu's underground potential

Gold miners Newcrest Mining and Harmony Gold on Friday announced that they would complete a feasibility study on an underground exploration programme at the Wafi-Golpu project, in Papua New Guinea. In a joint statement, the two companies said...

Besra completes Bau feasibility study

Dual-listed miner Besra on Friday reported that its Bau gold project, in East Malaysia, could deliver about 460 000 oz during the first stage of production. A feasibility study on the Stage 1 operation, which was based in the Jugan Hill deposit...

Viking Ashanti announces new terms for Auminco merger

ASX-listed Viking Ashanti has amended the terms of its merger with Auminco Mines, diluting its own shareholding in the combined company. In November, Viking announced that it would issue more than 129.7-million shares to Auminco shareholders,...

Cape Alumina shifts focus to Bauxite Hills

Bauxite developer Cape Alumina told shareholders on Friday that its entire focus would now shift to the development of the Bauxite Hills mine and port project, in Queensland, after the state government effectively canned the company’s Pisolite...

Huge resources sector investments have not delivered significant benefits to Australians – union

PERTH (miningweekly.com) – The major investment in Australia’s resources sector has failed to deliver any significant benefits to Australians, a new report by worker union CFMEU has found. ‘The Australian Resources Boom: Sharing the...

Bidders fail to impress Carbon Energy

Underground coal gasification firm Carbon Energy on Thursday told shareholders that it had, to date, not been able to secure a viable offer for its two-billion tonne thermal coal assets in the Surat basin. In August, Carbon Energy appointed PFC...

High costs remain under the spotlight

Mining companies in Australia and around the world are facing a challenging 2014, as costs remain stubbornly high, productivity hits new lows, while commodity prices continue to fall and supply/demand imbalances persist, advisory firm Deloitte has...