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Coeur Mining solidifies Palmajero future with Paramount Gold and Silver acquisition

By: Henry Lazenby     Updated 5 minutes ago The US’s largest primary silver producer Coeur Mining on Wednesday announced that it had agreed to buy Paramount Gold and Silver for $146-million in scrip, giving Coeur control over Paramount’s San Miguel project that covers about 121 000 ha surrounding Coeur’s Palmarejo mine, in Chihuahua,... 

Coeur Mining solidifies Palmajero future with Paramount Gold and Silver acquisition

Central Rand Gold raising $1.85m to boost surface mining

By: Martin Creamer London- and Johannesburg-listed gold-mining company Central Rand Gold, which is currently being courted by three Chinese suitors, is taking steps to raise $1.85-million in equity capital to boost surface mining production, bring idled underground equipment to surface and reduce staff. The focus... 

Central Rand Gold raising $1.85m to boost surface mining
Photo by Duane Daws
Johan du Toit

Lower oil prices could cost Canada dearly

By: Henry Lazenby An unprecedented 40% dive in crude oil prices in the last four months would impact the Canadian economy much more severely that previously thought, a recent study by analysts at Canadian Imperial Bank of Commerce (CIBC) had found. In their report ‘No barrel of fun: What weaker crude means for... 

Lower oil prices could cost Canada dearly

CoAL extends mine sale deadline, capital-raise timeframe

By: Martin Creamer The deadline for the disposal of the Mooiplaats colliery by the triple-listed Coal of Africa Limited (CoAL) as well its capital-raising timeframe have been extended out. Johannesburg, London and Sydney-listed CoAL said on Wednesday that it had agreed to give suitor Blackspear Capital more time to... 

CoAL extends mine sale deadline, capital-raise timeframe
Photo by Duane Daws
David Brown

Sirius secures cash to fund Nova development

By: Esmarie Swanepoel Nickel developer Sirius Resources has secured a syndicated facility agreement worth A$440-million to fund the development of its Nova nickel project, in Western Australia. Sirius told shareholders that it had agreed to the facility, with Australia and New Zealand Banking Group, BNP Paribas, The... 

India's Tata Steel restarts key iron mines amid shortage

By: Reuters India's Tata Steel Ltd resumed production from two of its four iron ore mines on Tuesday, a company source and a government official said, cutting a shortage that had forced the company to import the raw material for the first time. Court restrictions over the past three years to curb illegal... 

Anglo focuses on safety at Grasstree

By: Esmarie Swanepoel Mining major Anglo American said this week that the company would only look to re-open the Grasstree coal mine, in Queensland, once the safety of personnel could be assured. Operations at the mine were suspended last week after a contractor was killed on site. 

Govts urged to improve gas supply

By: Esmarie Swanepoel The Australian Pipeline Industry Association has called on state governments to act in order to increase gas supply, after a report from the Australian Energy Market Operator (AEMO) revealed a declining demand in domestic gas use. The AEMO report found that between 2014 and 2019, South... 

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