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American Vanadium gains UI certification of Cellcube energy storage systems

By: Henry Lazenby     Updated 24 minutes ago TSX-V-listed American Vanadium this week reported that the CellCube vanadium flow energy storage systems it sells in North America had received Underwriters Laboratories (UL) 508A certification, considered the single most-accepted product accreditation in the US and generally a prerequisite for... 

Eldorado Gold’s Q3 profit falls on iron-ore inventory write-down

By: Henry Lazenby     Updated 33 minutes ago TSX- and NYSE-listed Eldorado Gold this week reported a 45% decline in third-quarter net profit, as it booked an inventory write-down at the Vila Nova iron-ore mine, in northern Brazil. The Vancouver-based company, which has operations in Brazil, China, Greece, Turkey and Romania, reported for... 

TomaGold and Iamgold revise Quebec properties earn-in agreement

By: Henry Lazenby     Updated 57 minutes ago TSX-V-listed TomaGold and TSX-listed Iamgold on Friday announced that the companies had revised the terms of their agreement dated November 12, 2013, through which Iamgold would acquire a 50% interest in each of the Monster Lake, Winchester and Lac-a-l'Eau-Jaune properties, in Quebec. As a result... 

Russian, Ontario litigation could thwart Centerra’s Kyrgyz restructuring talks

By: Henry Lazenby     Updated 1 hour 19 minutes ago The outcomes of two ongoing court cases in Russia and Ontario could potentially have a significant impact on the restructuring negotiations between Canadian miner Centerra Gold and the Kyrgyz Republic government over the ownership of the Kumtor gold mine. Centerra’s president and CEO Ian... 

Russian, Ontario litigation could thwart Centerra’s Kyrgyz restructuring talks

Flooding in Colombia coal mine killed 12, officials say

By: Reuters     Updated 4 hours ago Twelve miners were killed in a flooded underground coal mine in northeastern Colombia, the world's fourth-largest exporter of the mineral, local officials and rescue workers said on Friday. Flooding in the mine, located in the Amaga municipality in Antioquia, a region that has been the site of... 

Harmony shuts Kusasalethu after illegal miners cause fire

By: Natasha Odendaal     Updated 5 hours ago Gold miner Harmony Gold has closed its Kusasalethu mine for two weeks, as it takes a stance against the scourge of illegal miners after a fire – the third this month – threatened the safety and health of mineworkers. The fire, believed to have been started on Thursday by illegal miners, had... 

Harmony shuts Kusasalethu after illegal miners cause fire
Photo by Duane Daws
Harmony CEO Graham Briggs

DFS gets under way at WCC’s standalone export project

By: Natasha Odendaal     Updated 5 hours ago A definitive feasibility study (DFS) for the Waterberg Coal Company’s (WCC’s) standalone export project has been commissioned, as discussions for the funding of the project get under way, the ASX- and JSE-listed group announced on Friday. WCC, which was still in talks with State-owned power... 

North River to draw down second tranche of Greenstone funding

By: Natalie Greve     Updated 6 hours ago North River Resources has completed several “key operational objectives” at its flagship Namib lead and silver project in Namibia and has, therefore, satisfied the conditions precedent to draw down the second tranche of equity funds from a $12-million investment agreement with Greenstone... 

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