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Lonmin closes BEE equity gap

By: Martin Creamer     Updated 1 hour 52 minutes ago Platinum-mining company Lonmin on Wednesday completed three transactions that take its black economic empowerment (BEE) shareholding to the 26% laid down by South African law. The London- and Johannesburg-listed company said the three transactions had been concluded with employees and near-mine... 

Lonmin closes BEE equity gap
Photo by Duane Daws
Ben Magara

BHP misses out to China's Jinchuan on nickel pact

By: Reuters     Updated 2 hours 31 minutes ago BHP Billiton's struggling Nickel West smelter in Australia lost out on a potential key supply source of nickel when rival Jinchuan Group of China signed a purchase agreement with an Australian miner. Australia's no. 3 nickel miner, Western Areas, on Wednesday said it reached a two-year agreement... 

Richland exits Tanzania, narrows focus on Australia

By: Natasha Odendaal     Updated 2 hours 53 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
Tanzanite

PTM seeks determination of scale of Waterberg deposit

By: Natasha Odendaal     Updated 3 hours 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 4 hours 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 4 hours 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 4 hours 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 5 hours 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... 

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