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SAIL wants Indian coal blocks to be awarded by govt

By: Ajoy K Das     Updated 6 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 12 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 13 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

WPG buys out JV partner in Tunkillia gold project

By: Esmarie Swanepoel     Updated 21 minutes ago Junior developer WPG Resources has taken full ownership of the Tunkillia gold project, in South Australia, after reaching an agreement with joint venture partner Helix Resources. WPG acquired a 70% shareholding in the Tunkillia project at the end of May this year, through a transaction with... 

Golden Queen says California precious metals project on schedule

By: Creamer Media Reporter      Updated 23 minutes ago The Soledad Mountain gold and silver project near Mojave, in California, is proceeding on schedule, with processing facilities set to be commissioned in late 2015, TSX-listed Golden Queen Mining reported on Tuesday. The Vancouver-based company said its 50%-owned subsidiary, Golden Queen Mining... 

Mount Gibson in trading halt over further pit slump

By: Esmarie Swanepoel     Updated 30 minutes ago Iron-ore miner Mount Gibson Iron on Wednesday went into a trading halt, after a further slump in the Main pit seawall, at its Koolan Island mine, in Western Australia, interrupted geotechnical repairs at the site. Last month, operations in the Main pit were temporarily suspended as a... 

Woodside adds more acreage in Africa

By: Esmarie Swanepoel     Updated 35 minutes ago Australian oil and gas major Woodside has again increased its foothold in Africa, announcing on Wednesday that it had entered into a contract for a reconnaissance license offshore Morocco. The company told shareholders that it had entered into an exclusive contract with the national oil company... 

Triton scoping on Nicada Hill proves up

By: Esmarie Swanepoel     Updated 36 minutes ago A scoping study into ASX-listed Triton Minerals’ Nicada Hil graphite project, in Mozambique, has estimated that the project could support a production of 210 000 t/y of graphite concentrate. The scoping study was based on a 51-million tonne indicated resource, grading 12.4% graphitic carbon, for... 

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