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Mwana subsidiary to issue bond to fund Bindura smelter restart

By: Creamer Media Reporter      Updated 37 minutes ago Multicommodity miner Mwana Africa’s 74.73%-owned Bindura Nickel Corporation (BNC) subsidiary has been granted prescribed asset (PA) status by the Zimbabwe Finance and Economic Development Minister Patrick Chinamasa. This would enable BNC to seek funding through the marketing of a fixed-term bond... 

Dominion Diamond reports ‘exceptional’ Q3 FY2015 production results for Ekati, Diavik

By: Creamer Media Reporter      Updated 39 minutes ago TSX-listed Dominion Diamond Corporation reported on Thursday that its Ekati and Diavik diamond mines performed exceptionally well in the third fiscal quarter of 2015, August through October, with rough diamond production, sales and pricing all exceeding plan.  Consistent with the two previous... 

Savannah raises £1.3m, terminates Bergen agreement

By: Leandi Kolver     Updated 40 minutes ago Aim-listed Savannah Resources on Friday advised that it had raised about £1.3-million through the placing of 29.48-million new ordinary shares with new and existing investors. The funds would be used for general working capital to fast-track exploration and development at the company’s copper... 

Zim has investment potential – Minister

By: Sapa     Updated 1 hour 54 minutes ago Zimbabwe has investment potential for South Africa, with a diversity of resources, Zimbabwe Finance and Economic Development Minister Patrick Chinamasa said on Friday. "We are not a basket case. The potential we have is enormous," he told a business breakfast in Johannesburg hosted by Zimbabwean... 

Zim has investment potential – Minister
Photo by Reuters
Zimbabwe Finance and Economic Development Minister Patrick Chinamasa

African Minerals considers partial sale of Tonkolili stake

By: Creamer Media Reporter      Updated 2 hours 31 minutes ago London-listed African Minerals, which holds a 75% stake in the Tonkolili iron-ore mine, in Sierra Leone, is considering the partial sale of its interest in the project, as a means to deal with the immediate liquidity issues facing the project. Trading in the company’s shares on the LSE was... 

African Minerals considers partial sale of Tonkolili stake
Tonkolili

Peruvian government calls strike at biggest copper mine illegal

By: Reuters     Updated 2 hours 48 minutes ago Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

Australia's RBA upbeat on outlook for China resource demand

By: Reuters     Updated 2 hours 50 minutes ago Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker said on Friday. The Reserve Bank of Australia's (RBA) head of economic research, Alexandra Heath, acknowledged... 

Quebec's ambitious Plan Nord mineral project goes south

By: Reuters     Updated 2 hours 55 minutes ago A plan by the Canadian province of Quebec to spend billions to develop the mineral riches of its northern region has been dealt a crippling blow by the pending closure of a major mine as iron ore prices sink and China's interest wanes. The Plan Nord project hopes to attract C$80 billion... 

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