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By: Creamer Media Reporter Updated 8 minutes ago Development and exploration company Metallica Minerals has appointed Barry Casson its independent nonexecutive chairperson, with effect from June 30, to succeed long-standing chairperson David Barwick, who is retiring as a director. Casson joined the Metallica board on December 1, 2010, as an... →
By: Natasha Odendaal Updated 12 minutes ago Representatives from Chinese firm Shandong Electric Power Construction No 2 (Sepco2) will make their way to Tanzania to review London-listed Edenville Energy’s Rukwa coal project with a view to potentially forming a partnership. The Tanzania-focused coal-based energy group on Wednesday said that... →
By: Creamer Media Reporter Updated 20 minutes ago ASX-listed Doray Minerals has reached an agreement with Sandstorm Gold to terminate the metals purchase agreement over the Deflector gold project, which MD Allan Kelly said on Wednesday would simplify the financing process for the Western Australian project. Sandstorm previously loaned $6-million... →
By: Mariaan Webb Updated 37 minutes ago ASX-listed Atlas Iron, which has recently restarted its Pilbara operations, said on Wednesday that it would book an estimated noncash impairment charge of between A$130-million and A$160-million at the end of June, after updating the carrying value of its assets following a further reduction in... →
By: Mariaan Webb Updated 1 hour 2 minutes ago The board of ASX-listed Ramelius Resources has given its approval to start mining at the Vivien gold project, near Leinster in Western Australia, which the company bought from Gold Fields in July last year. Ramelius said on Wednesday that it would mine the Vivien deposit as a three-year... →
By: Reuters Updated 1 hour 31 minutes ago China's Zijin Mining Group , which announced two acquisitions on Tuesday for more than $700-million, believes now is the good time to buy overseas assets as the mining sector is weak, a senior executive said on Wednesday. "In terms of acquisitions, now is the low level (of prices), good... →
By: Reuters Rescuers were clearing rocks to free nine miners trapped about 1 km underground at Iamgold's Westwood gold mine, in Quebec, on Tuesday after a rockfall, a company spokesperson said. The miners, who have been trapped more than 12 hours, were uninjured and in constant contact with mine officials... →
By: Reuters Barrick Gold's first step to long-promised partnerships with China, as well as progress in reaching an ambitious debt-cutting goal, are turning sceptical investors warmer toward the world's biggest gold miner. Barrick said on Tuesday it would sell a stake in its Porgera mine in Papua New Guinea... →