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By: Reuters Updated 54 minutes ago Burkina Faso's transitional government will review some mine contracts signed under former President Blaise Compaore, responding to concerns that exploration permits were granted in opaque conditions, new mines minister Colonel Boubacar Ba said. Gold is the West African nation's top commodity and... →
By: Martin Creamer Updated 1 hour 13 minutes ago The new coal emerging from Glencore’s on-time, 85%-complete, R8.213-billion Tweefontein Optimisation Project (TOP) is coming in under budget. The project has delivered a low-cost, long-life brownfields expansion that has elevated Tweefontein into a modern, predominantly opencast operation that... →
By: Leandi Kolver Updated 1 hour 15 minutes ago Gold-focused royalty and stream company Osisko Gold Royalties has closed its C$100-million revolving credit facility with the National Bank of Canada. The credit facility, which could be increased by C$50-million at Osisko’s request, would be used for investments in the mineral industry,... →
By: Leandi Kolver Updated 1 hour 19 minutes ago The Philippine affiliate of resource company TVI Pacific, TVI Resource Development (TVIRD), on Thursday announced that it was in negotiations to provide its joint venture partner in the Agata Mining Venture, Mindoro Resources, with C$2-million in convertible debenture financing. The financing... →
By: Esmarie Swanepoel Updated 1 hour 47 minutes ago Iron-ore major Fortescue Metals has halved its capital expenditure (capex) expectations for the 2015 financial year from $1.3-billion to $650-million. The miner said on Friday that the reduction in planned capex spend for 2015 was consistent with Fortescue’s ongoing focus on delivering... →
By: Esmarie Swanepoel Updated 1 hour 51 minutes ago The resources sector in Queensland added an estimated A$77.6-billion to the state’s economy in 2013/14, the Queensland Resources Council (QRC) reported on Friday. Revealing an analysis of spending in the resources sector, QRC CEO Michael Roche noted that despite challenges in the commodity... →
By: Ajoy K Das Updated 1 hour 53 minutes ago The Indian government has reported an increase in the country’s monazite reserves. According to official data, India’s monazite reserves have gone up by 1.25-million tonnes to 11.93-million tonnes, following exploration and assessments carried out by Geological Survey of India between 2009 and... →
By: Esmarie Swanepoel Updated 2 hours 5 minutes ago The administrator of Pluton Resources has advised shareholder and project house Watpac to undertake a limited scope of mining work at the Cockatoo Island operations. Watpac suspended an existing mining services contract at the Cockatoo Island project at the start of November after Pluton’s... →