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Denison Mines to buy explorer Fission Uranium for about C$483m

By: Henry Lazenby     Updated 3 hours ago Canadian uranium exploration and development company Denison Mines has agreed to buy rival Fission Uranium for about C$483-million, in a deal that would create a new diversified Canadian uranium company with a portfolio of projects in the prolific Northern Saskatchewan mining region. Under terms... 

Denison Mines to buy explorer Fission Uranium for about C$483m
Photo by Fission Uranium
Exploration at Fission Uranium's Patterson Lake South Project, in Northern Saskatchewan.

Graphite price index falls 3 percentage points

By: Henry Lazenby     Updated 3 hours ago Weak end-markets has caused finer mesh grades of graphite to slip further as summer sales failed to see a seasonal upswing, London-based research house Benchmark Mineral Intelligence said in a new report on Monday. The Benchmark Graphite Index fell a further 3 percentage points in June, down... 

Pershing Gold lifts Reflief Canyon resource 34%

By: Henry Lazenby     Updated 3 hours ago Emerging precious metal producer Pershing Gold has lifted the measured and indicated resource at its flagship Relief Canyon mine project by 34%, reflecting improved confidence in the resource model. Reno, Nevada-based Pershing on Monday reported that an upgraded National Instrument... 

Greece, China woes trigger fresh rout, led by oil, copper

By: Reuters     Updated 5 hours ago Commodities prices dropped to their lowest in nearly three months on Monday, dragged lower by a fresh rout in oil and copper as Greece's rejection of debt bailout terms and China's stock market woes unleashed a fresh round of selling. Gold eked out small gains, one of only five commodities to... 

Fortune Minerals defaults on Colorado-based Revenue silver mine debt

By: Henry Lazenby     Updated 5 hours ago Canadian miner Fortune Minerals has defaulted on a metals prepay agreement with its major financing partner, triggering all amounts and deliveries owing under the contract to become immediately due and payable. Fortune and its subsidiary Fortune Revenue Silver Mines (FRSMI), which owned the... 

Glencore rubbishes NUM statements over job cuts

By: Megan van Wyngaardt Multinational mining company Glencore on Monday rejected the National Union of Mineworker’s (NUM’s) allegations that the company had failed to comply with its social and labour plan regarding severance packages, as baseless, saying it was up to the Department of Mineral Resources (DMR) to... 

White Rivers clinches deal with gas developer Windfall

By: Megan van Wyngaardt South Africa-focused mineral explorer and developer White Rivers Exploration (WRE) has signed a memorandum of understanding (MoU) with Windfall Energy to facilitate the joint exploration and development of WRE’s Heilbron and Kroonstad gas assets in the Witwatersrand basin. Under the Terms of the... 

White Rivers clinches deal with gas developer Windfall

NUM rejects gold wage offer – source

By: Reuters South Africa's National Union of Mineworkers (NUM) has rejected a wage offer from gold producers and is still pressing for pay hikes of up to around 80%, a union source said on Monday. Bullion producers including AngloGold Ashanti, Harmony Gold and Sibanye Gold offered increases last week of up... 

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