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Azure cashed up for exploration - MD

By: Esmarie Swanepoel     Updated 41 minutes ago Despite having a busy exploration schedule at its Mexico projects in 2015, ASX-listed junior Azure Minerals would have no need to tap capital markets, MD Tony Rovira said this week. Speaking to Mining Weekly Online, Rovira noted that a March share purchase plan had resulted in about... 

Implats surges ahead with platinum fuel cell power

By: Martin Creamer     Updated 59 minutes ago Impala Platinum (Implats) CEO Terence Goodlace is championing the marketing of platinum by surging ahead with plans to use platinum fuel cells to produce electricity at the Implats platinum refinery in Springs, on Gauteng’s East Rand. JSE-listed Implats, which is heavily supported by the strong... 

Implats surges ahead with platinum fuel cell power
Photo by Duane Daws
Terence Goodlace

Productivity Commission cautions against gas reservation policies

By: Esmarie Swanepoel     Updated 1 hour 55 minutes ago The Australian Petroleum Production & Exploration Association (Appea) has called for the withdrawal of market interventions such as domestic gas reservation policies, after the Productivity Commission released a report stating that such measures were unlikely to be effective or efficient in the... 

Productivity Commission cautions against gas reservation policies

Triton soars on $2bn offtake deal

By: Esmarie Swanepoel     Updated 2 hours 3 minutes ago The share price of graphite hopeful Triton Minerals soared by nearly 65% on Wednesday, as the company announced that it had signed a binding offtake agreement worth $2-billion. Under the terms of an agreement inked with China’s Yichang Xincheng Graphite Company, Triton would supply 100 000 t/y... 

Sandfire moves to restructure debt

By: Esmarie Swanepoel     Updated 2 hours 4 minutes ago Copper/gold miner Sandfire Resources has amended the repayment schedule for its DeGrussa project finance facility with financier ANZ Banking Corporation. Following a A$5-million repayment at the end of March this year, the current balance of the DeGrussa project facility would reduce to... 

BC Iron takes up govt royalty offer

By: Esmarie Swanepoel     Updated 2 hours 8 minutes ago The Western Australian state government has granted iron-ore miner BC Iron royalty assistance at its Nullagine joint venture. The assistance would be in the form of a deferral of 50% of the iron-ore royalties paid between December 2014 and September 2015, subject to BC Iron’s free-on-board price... 

Millennium completes Beaton Creek sale

By: Esmarie Swanepoel     Updated 2 hours 9 minutes ago Gold miner Millennium Minerals has completed the sale of its Beatons Creek tenements, in Western Australia, with the company receiving the asking price of A$3.8-million and the necessary consent for the transfer of assets. In March, Millennium announced the divestment of the Beatons Creek... 

Balamara readies for ASX withdraw

By: Esmarie Swanepoel     Updated 2 hours 10 minutes ago Coal developer Balamara Resources has received all the necessary approvals to cease share trading on the ASX, with the company expecting to halt trading by May 1. The Poland-focused developer told shareholders this week that the company would trade as a public unlisted company. Once Balamara has... 

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