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Shandong acquires Tonkolili iron-ore mine from African Minerals

By: Reuters     Updated 30 minutes ago Chinese steel company Shandong Iron and Steel Group said it had acquired the remaining 75% stake in the Tonkolili iron-ore mine in Sierra Leone from the mining company African Minerals for over $170-million. Shandong now has 100% of equity in Tonkolili, and will also own the associated... 

Barrick taps Michael Klein as advisor on Zaldivar mine options-sources

By: Reuters     Updated 7 hours ago Barrick Gold is being advised on options for its Zaldivar copper mine in Chile by the boutique firm of mining rainmaker Michael Klein, in a deal potentially worth around $2-billion, three sources familiar with the matter said on Monday. Toronto-based Barrick has already contacted a limited group... 

PTM pushes Waterberg resources limit 3.4 km northwards

By: Henry Lazenby Vancouver-based Platinum Group Metals (PTM) has extended the northern limit of the known Waterberg Extension deposit, located on the Northern Limb of South Africa’s Bushveld Igneous Complex. PTM on Monday announced that new intercept WE 049 was located 3.4 km northward beyond the previous... 

A year on, Randgold is looking for more Kibali ounces

By: Henry Lazenby After a year of operations, LSE- and Nasdaq-listed Randgold Resources was turning its focus to finding more reserve ounces at the Kibali mine, in the Democratic Republic of Congo (DRC) to secure its future as a long-life mine and one of Africa’s largest gold producers. Randgold developed and... 

Solvista Gold and Rockcliff Resources inks merger accord to further Manitoba projects

By: Henry Lazenby TSX-V-listed juniors Solvista Gold and Rockcliff Resources had signed a definitive amalgamation agreement on Friday that would see Solvista acquire all of the issued and outstanding common shares of Rockcliff. The all-scrip transaction would combine Rockcliff’s Snow Lake copper/gold/zinc/silver... 

HudBay to expand Manitoba assets through Snow Lake acquisition

By: Henry Lazenby HudBay Resources has entered into a definite agreement to buy a 100% interest in QMX Gold’s Snow Lake project, located in Snow Lake, Manitoba, which was expected to provide it with more operational flexibility as its nearby Lalor mine transitioned from the current zinc-and-copper-rich lenses to... 

HudBay to expand Manitoba assets through Snow Lake acquisition

Siemens awarded entire Nautilus Minerals support vessel electric contract

By: Henry Lazenby Prospective marine miner Nautilus Minerals has awarded Siemens International Trading (Shanghai), a subsidiary of Siemens, the entire electrical installation contract for its support vessel currently being designed and built by Fujian Mawei Shipbuilding, in Fujian province, in south-eastern China.... 

Ivanhoe and Zijin Mining close $85m private placement

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group have closed a $85-million private placement, boosting the miner’s working capital and available funds for general corporate purposes, and advancing the company’s three main projects. Zijin acquired a 9.9% stake in... 


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