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Judge refuses Vale request to dismiss Rio Tinto lawsuit in US

By: Reuters     Updated 1 hour 52 minutes ago A US federal judge on Wednesday refused to dismiss mining giant Rio Tinto's lawsuit against rival Vale, alleging it conspired with Israeli billionaire Beny Steinmetz and BSG Resources to steal the company's valuable mining rights in Guinea. US District Judge Richard Berman of Manhattan rejected... 

Venezuela restarts nickel output at asset taken over from Anglo

By: Reuters     Updated 1 hour 54 minutes ago Venezuela has restarted production from the Loma de Niquel ferronickel asset it took from mining giant Anglo American in 2012 after cancelling its licences, data from an industry body showed this week. Information on Venezuela is patchy but the International Nickel Study Group (INSG) numbers... 

US District Court dismisses class action against Turquoise Hill Resources

By: Henry Lazenby     Updated 1 hour 58 minutes ago A US District Court judge had on Tuesday dismissed a consolidated putative securities class action lawsuit that had been filed in the Southern District of New York against Rio Tinto subsidiary Turquoise Hill Resources and certain of its officers and directors, in December last year. Turquoise... 

Kinross completes Aurelian Resources and Fruta del Norte divestment

By: Henry Lazenby     Updated 2 hours 6 minutes ago TSX- and NYSE-listed Kinross Gold on Wednesday said it had completed the divestment of all of its interest in Aurelian Resources and the Fruta del Norte project, in Ecuador, to Fortress Minerals, a member of the Lundin Group of Companies, for $240-million. Payment consisted of $150-million in... 

Teck Resources makes first shipment from restarted Pend Oreille ops

By: Henry Lazenby     Updated 2 hours 18 minutes ago Diversified Canadian miner Teck Resources on Wednesday reported that it had made the first shipment of zinc and lead ore in concentrate from its restarted Pend Oreille operations, in north-eastern Washington State, across the border to its nearby Trail operations, in British Columbia, for... 

US gold output sags as low grades at Barrick, Midas mine sale weigh

By: Henry Lazenby     Updated 2 hours 32 minutes ago US gold mine output during the first nine months had slid 7% year-over-year, hurt in part by lower production from the world’s two largest gold miners by output, Toronto-based Barrick Gold and Denver-headquartered Newmont Mining. In its latest ‘Mineral Industry Surveys’ report, the US Geological... 

Coeur Mining solidifies Palmajero future with Paramount Gold and Silver acquisition

By: Henry Lazenby     Updated 3 hours ago The US’s largest primary silver producer Coeur Mining on Wednesday announced that it had agreed to buy Paramount Gold and Silver for $146-million in scrip, giving Coeur control over Paramount’s San Miguel project that covers about 121 000 ha surrounding Coeur’s Palmarejo mine, in Chihuahua,... 

Coeur Mining solidifies Palmajero future with Paramount Gold and Silver acquisition

Central Rand Gold raising $1.85m to boost surface mining

By: Martin Creamer London- and Johannesburg-listed gold-mining company Central Rand Gold, which is currently being courted by three Chinese suitors, is taking steps to raise $1.85-million in equity capital to boost surface mining production, bring idled underground equipment to surface and reduce staff. The focus... 

Central Rand Gold raising $1.85m to boost surface mining
Photo by Duane Daws
Johan du Toit

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