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Goldsource Mines starts construction of its Guyana flagship

By: Henry Lazenby     Updated 6 minutes ago TSX-V-listed Goldsource Mines has started construction of its $5.9-million Eagle Mountain gold project, in Guyana. The first phase of the openpit mine project entailed building a 1 000 t/d gravity plant, which was expected to deliver gold at a cash operating cost of $480/oz over the eight-year... 

Nevada Zinc starts trading on TSX-V under new name, ticker

By: Henry Lazenby     Updated 1 hour 10 minutes ago Explorer Goldspike Exploration on Friday started trading on the TSX-V under its new name, Nevada Zinc, and a new ticker symbol, ‘NZN’. The company has completed a vertical amalgamation between Goldspike its former subsidiary Nevada Zinc. 

Walter Energy stands to lose New York listing

By: Henry Lazenby     Updated 3 hours ago Metallurgical coal producer Walter Energy could lose its NYSE-listing after the exchange notified the ailing company that its common stock did not currently satisfy one of the NYSE's continued listing standards. The NYSE required that the average closing price per share of a listed company's... 

Canadian companies flouting CSR best practises risk withdrawal of government support

By: Simon Rees     Updated 4 hours ago Mining companies that flout voluntary corporate social responsibility (CSR) standards and recognised best practises could lose the support and advocacy of the Canadian government, Trade Commissioner Service-Operations and Trade Strategy Bureau director general Duane McMullen told an audience at... 

Iron-ore at record low on China mill closures

By: Reuters     Updated 5 hours ago Iron ore hit a record low below $60/t on Friday and posted its biggest weekly fall since mid November as China's anti-pollution battle threatens to shut more steel mills, cutting demand. The closure of steel mills in an industrial city in eastern China, which sparked fears of a wider crackdown,... 

NUM says would oppose Eskom asset sales

By: Reuters     Updated 5 hours ago South Africa's National Union of Mineworkers (NUM) said on Friday it would oppose any attempt by cash-strapped power utility Eskom to sell assets, especially its finance company which helps provide home loans to employees. Eskom CE Tshediso Matona told the Reuters Africa Investment Summit on... 

NUM says would oppose Eskom asset sales

Karara awarded first royalty rebate

By: Esmarie Swanepoel The Western Australian state government on Friday announced the first magnetite royalty rebate payment to ASX-listed Gindalbie Metals for its Karara project. Mines and Petroleum Minister Bill Marmion said that the first magnetite royalty rebate payment highlighted the state government’s... 

NSW planning commission clears Rio Tinto coal expansion

By: Esmarie Swanepoel 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... 

NSW planning commission clears Rio Tinto coal expansion


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