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Richland exits Tanzania, narrows focus on Australia

By: Natasha Odendaal     Updated 14 minutes ago A day after announcing that it had gained some control over illegal mining activities at its Tanzanian operations, Aim-listed Richland Resources has agreed to sell the embattled TanzaniteOne Mining Limited (TML) to Sky Associates for $5.1-million. The gemstone producer and developer, following a... 

Richland exits Tanzania, narrows focus on Australia

PTM seeks determination of scale of Waterberg deposit

By: Natasha Odendaal     Updated 47 minutes ago TSX- and NYSE-listed Platinum Group Metals (PTM) sought to determine the scale of the Waterberg deposit as it progressed the exploration of the Waterberg Joint Venture (JV) in South Africa’s Bushveld Igneous Complex. The group remained focused on further exploration and engineering on the newly... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter      Updated 1 hour 36 minutes ago TSX-V- and Frankfurt-listed Mindoro Resources says its subsidiary, Agata Processing Inc (API), expects to complete a definitive feasibility study (DFS) for a nickel processing plant at the Agata project, in northern Mindanao, Philippines, by the end of this year. TVI Resource Development (TVIRD)... 

Osisko buys more shares in Virginia Mines

By: Natasha Odendaal     Updated 1 hour 56 minutes ago As TSX-listed Osisko Gold Royalties geared up to combine its business with TSX-listed Virginia Mines, the Montreal-headquartered gold-focused royalty and stream company acquired a further one-million shares in Virginia Mines. Osisko, which still had to complete the acquisition of 2.38-million... 

Rochester royalty earns Rye Patch $2.61m in first nine months of 2014

By: Creamer Media Reporter      Updated 2 hours 10 minutes ago Junior miner Rye Patch on Wednesday said the Rochester mine net smelter return (NSR) had earned it $2.61-million, or about C$2.85-million, in the first three quarters of this year. The Rochester mine paid a 3.4% NSR royalty quarterly to Rye Patch on each ounce of silver and gold produced and sold. 

SAIL wants Indian coal blocks to be awarded by govt

By: Ajoy K Das     Updated 2 hours 21 minutes ago Even as the Indian government gets ready to launch its maiden allocation of coal blocks through competitive auction, demands have surfaced that the resource should be allocated through a ‘government dispensation route’, or based on government’s recommendations. Leading the charge was Steel... 

Klondex Mines receives $10.3m from the exercise of warrants

By: Creamer Media Reporter      Updated 2 hours 27 minutes ago Nevada-focused narrow-vein gold miner Klondex Mines has raised $10.3-million through the exercise of warrants by shareholders during October and November. About 5.86-million common share purchase warrants were exercised at a price of $1.75 a share. 

Decline in commodity prices puts brakes on resource projects

By: Esmarie Swanepoel     Updated 2 hours 28 minutes ago The latest data from the Bureau of Resources and Economics (BREE) has revealed that the downward spiral in commodity prices has resulted in an increase in the number of resource projects either being delayed or deferred. BREE stated in its latest Resources and Energy Major Projects report that... 

Decline in commodity prices puts brakes on resource projects


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R/€ = 13.60Change: 0.15
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Au 1197.44 $/ozChange: -1.72
Pt 1224.50 $/ozChange: -5.50