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By: Esmarie Swanepoel Updated 50 minutes ago The New South Wales Planning Assessment Commission (PAC) has backed major Rio Tinto’s plans to expand the Mount Thorley Warkworth coal mine. The PAC this week formally recommended that the Minister for Planning should approve the project, subject to the provision of additional information on a... →
Economies of Sierra Leone, Guniea and Liberia hit by outbreak but severity of impact on mining debatable
By: Ilan Solomons Updated 51 minutes ago As of February 4, more than 22 400 confirmed Ebola cases had been reported – with about 9 000 of these being fatal – mostly in the West African nations of Sierra Leone, Guinea and Liberia, reports the World Health Organisation. The World Bank released a report in January, ‘The Economic Impact of... →
By: Esmarie Swanepoel Updated 52 minutes ago The share price of gold miner Regis Resources traded 27% lower on Friday as the miner warned of weaker March-quarter production at its Western Australian operations. The ASX-listed miner explained that lower head grades during January and February had hampered gold production at the Garden Well... →
By: Esmarie Swanepoel Updated 54 minutes ago Gold miner St Barbara has reported a fatality at its Simberi operations, in Papua New Guinea. The miner said on Friday that a local contractor was fatally injured during tree clearing activities on site. →
By: Esmarie Swanepoel Updated 56 minutes ago Dual listed gold miner Perseus has spent $3.3-million on four new diesel driven generators to combat expected power cuts at its Edikan gold mine, in Ghana. Perseus and five other international mining companies accepted a 25% reduction in their electricity allocation from the Ghanaian national... →
By: Esmarie Swanepoel Updated 57 minutes ago ASX-listed junior Magnis Resources has raised A$6.5-million through a share placement to sophisticated and institutional investors to advance its Nachu graphite project, in Tanzania. Magnis placed 26-million shares, at 25c each, to raise the funding. →
By: Esmarie Swanepoel Updated 1 hour ago ASX-listed KBL Mining’s debt holder Capri Trading has called for the immediate repayment of all monies owed to the company, including a A$12.6-million debt, alleging technical events of default. Capri Trading regained A$12.6-million in KBL debt from ASX-listed Kidman Resources in January this... →
By: Henry Lazenby Canada was the most prolific buyer of mining and metals assets in terms of volume last year and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared with 2013, advisory firm EY said this week. “A few... →