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By: Megan van Wyngaardt Updated 1 hour 1 minute ago Graphite producer StratMin Global Resources has raised £625 000 through the placing of 15.6-million new ordinary shares at 4p each. This followed the signing of a binding strategic partnership and joint venture agreement with Tirupati Carbons & Chemicals Group, an India-based graphite mining and... →
By: Reuters Updated 1 hour 5 minutes ago Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, will spend $200-million to bring its copper-silver mine in Botswana to production, the company said on Tuesday. Construction of the mine, which will be built by Cupric's Botswana unit Khoemacau, is set to start in 2016... →
By: Reuters Updated 1 hour 55 minutes ago Botswana's government launched a bidding process on Tuesday to construct solar power plants near its huge Jwaneng diamond mine and for the nation's northwest, where copper assets are being developed. "This invitation ... is a request for expression of interest to construct, operate, maintain and... →
By: Reuters Updated 2 hours 53 minutes ago Zambia, Africa's No.2 copper producer, plans to cut power supplies to mines by up to 30% as early as next week, after water levels at its hydro-electric projects dropped due to drought, industry sources said on Tuesday. The plan, still under discussion with the industry, will see state-run power... →
By: Natasha Odendaal Updated 4 hours ago Aim-listed resource and development company Vast Resources has secured a controlling interest in Romania-based Sinarom Mining for €1 and the assumption of the Manaila polymetallic mine owner’s debt. The 50.1% acquisition of control of the Manaila mine further cemented Vast’s plan of becoming a... →
By: Ajoy K Das Updated 7 hours ago Major Coal India Limited (CIL) has decided to relinquish 75% of the acreage of two of its licensed coal blocks in the Tete province in Mozambique. According to a CIL official the decision to hand over the bulk of the area was prompted by the local government increasing the charges of holding on... →
By: Esmarie Swanepoel Updated 7 hours ago The New South Wales government on Tuesday released a proposed amendment to the Mining State Environmental Planning Policy (SEPP), which Planning Minister Rob Stokes said would remove a provision making the significance of the resource the principal consideration when determining mining... →
By: Esmarie Swanepoel Updated 7 hours ago Despite warning of a full-year impairment of between A$60-million and A$90-million, gold miner Aurelia Metals on Tuesday announced plans to expand production at its Hera gold/lead/zinc mine, in New South Wales. The Hera project poured its first gold in September last year, but the project was... →