Esmarie Swanepoel

Maiden reserve for Universal's Roodekop

South Africa focused Universal Coal has reported a maiden Joint Ore Reserves Committee complaint coal reserve of 9.4-million tonnes at its Roodekop project. The reserve estimate relates to the northern openpit area only.

Mt Garnet concentrator starts up

Cairns based Consolidated Tin Mines has declared commercial copper production at the Mount Garnet concentrator, in Queensland. Consolidated Tin has a 9.85% free carry interest in Snow Peak Mining’s Surveyor project and manages the project,...

Atlantic reduces size of Droxford facility as insurance pays out

Embattled vanadium miner Atlantic has lessened its proposed debt obligations after reducing the size of the funding facility from shareholder Droxford International, following an earlier-than-expected first payout from its insurance. Atlantic...

Centamin extends Ampella offer

Junior Centamin West Africa Holdings has again pushed back the deadline for its acquisition of fellow listed Ampella Mining, this time until March 24. The offer was declared unconditional in February this year, and the offer period extended until...

Newcrest looks at properties to grow Telfer

Gold major Newcrest Mining has acquired options over two tenements held by ASX-listed Ram Resources near its Telfer gold project, in Western Australia. Newcrest would pay Ram A$30 000 a year for a period of three years, for both options, and...

Fraser Range moves closer to JV deal

ASX-listed Fraser Range Metals Group has signed a non-binding joint venture (JV) proposal over its Plumridge East multi-metals project, in Western Australia, worth some A$1.2-million. The JV, which would be entered into in exchange for a...

Gulf ditches WA gold project, to focus on other assets

Perth-based Gulf Mines on Monday announced its intention to divest of its Leonora gold project, in Western Australia, after it was determined that the project could not be developed as a stand-alone operation. The Leonora project consists of the...

Australia oil output at 40-year low

Australian oil output has slumped to its lowest annual production in more than 40 years, energy economics group EnergyQuest reported this week. In its latest report card, EnergyQuest noted that the country’s oil output in 2013 dropped by 18.6%...

Shareholders smile on Australian Mines plans

The share price of junior Australian Mines rose nearly 67% on Friday following the company’s announcement that it had entered into a farm-in and joint venture (JV) agreement with fellow-listed Mount Magnet South. The farm-in and JV agreement...

Kimberley diamonds sparkle in auction

ASX-listed Kimberley Diamonds on Friday announced that it had achieved the highest price per carat for its rough diamonds since taking ownership of its Ellendale mine, in February last year. The overall price achieved at a recent auction reached...