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StratMin raises £625 000 through share placement

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... 

Cupric to spend $200m to build Botswana copper mine

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... 

Botswana seeks bids to build solar plants for mines

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... 

Botswana seeks bids to build solar plants for mines

Zambia aims to cut power to mines by up to 30% – sources

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... 

Vast concludes 50.1% acquisition of second Romanian mine

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... 

Coal India to relinquish 75% of coal blocks in Mozambique

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... 

Coal India to relinquish 75% of coal blocks in Mozambique

NSW proposes change to mining project assessment policy

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... 

NSW proposes change to mining project assessment policy

Aurelia unveils Hera expansion plan, but warns of impairment

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... 

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