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Radar cancels rights issue, hopes to amend purchase terms

By: Esmarie Swanepoel     Updated 3 minutes ago ASX-listed junior Radar Iron was looking to amend the sales agreement of its Yerecoin project buy, after the company was forced to abandon a A$4.6-million rights issue. In September this year, Radar announced its plans to raise A$5.5-million through a rights issue and share placement. Some... 

Cockatoo Island set for new mine plan - Pluton

By: Esmarie Swanepoel     Updated 24 minutes ago The receivers and managers of iron-ore junior Pluton Resources were in the process of formulating a long-term mining and operations plan for the Cockatoo Island project, the company said this week. In November this year, project house Watpac was ordered to undertake a limited scope of mining... 

Doray expects more from Andy Well in 2015

By: Esmarie Swanepoel     Updated 51 minutes ago Gold miner Doray Minerals on Thursday increased its 2015 production expectations for the Andy Well operation, in Western Australia, o the back of a 67% increase in the openpit mining inventory at the Wilber Stage 2 openpit operation. The mine was now expected to produce between 85 000 oz and 90... 

Judge refuses Vale request to dismiss Rio Tinto lawsuit in US

By: Reuters     Updated 3 hours 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 3 hours 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 3 hours 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 3 hours 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 3 hours 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... 

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