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Guinea Bissau reviews contracts from mining to timber – PM

By: Reuters     Updated 12 minutes ago Guinea Bissau is reviewing contracts signed by previous governments as the West African country seeks to ensure miners have sufficient means to kick-start its $2-billion economy, its prime minister told Reuters. Domingos Simoes Pereira, elected at polls a year ago that sealed a transition back to... 

PanAust blames Gram offer for low share price

By: Esmarie Swanepoel     Updated 23 minutes ago Takeover target PanAust on Wednesday blamed a takeover offer from shareholder Guangdong Rising Asset Management (Gram) for the company’s shares remaining fairly stagnant since early April. In a communication to shareholders, PanAust pointed out that the share price of other listed copper miners... 

Phosphate Australia spurns improved offer

By: Esmarie Swanepoel     Updated 26 minutes ago The directors of ASX-listed Phosphate Australia have rejected an increased offer from suitor Mercantile Investment, saying the revised offer still undervalued the company. Mercantile on Wednesday upped its offer price for Phosphate Australia shares from 2c each, to 2.2c each. 

Phosphate Australia spurns improved offer

Glencore JV-funded berth boosts Townsville port capacity

By: Esmarie Swanepoel     Updated 30 minutes ago Mining major Glencore has secured long-term exports from the Port of Townsville, following the commissioning of the A$85-million Berth 8 facility. Jointly funded by the Port of Townsville, Glencore and Incitec Pivot, the Berth 8 facility delivered two- and-a-half times more shiploading capacity,... 

Mulga Rock scoping comes up positive - Vimy

By: Esmarie Swanepoel     Updated 35 minutes ago A scoping study into ASX-listed Vimy Resources’ Mulga Rock uranium project, in Western Australia, has estimated that the project could provide some 47-million pounds of uranium oxide (U3O8) over a mine-life of 16 years. The scoping study estimated that the Mugla Rock project would generate an... 

Oz Minerals appoints new management

By: Esmarie Swanepoel     Updated 36 minutes ago Copper miner Oz Minerals has added to its executive team, recruiting senior executives as part of its relocation plans to Adelaide. Oz Minerals previously announced plans to save some A$44-million in cost from a roll-out of strategic changes, which included the divestment of Oz Minerals’... 

Marengo increases Yandera resources

By: Esmarie Swanepoel     Updated 39 minutes ago Dual-listed Marengo Mining has updated the resource estimate for its Yandera copper/molybdenum/gold project, in Papua New Guinea. The ASX- and TSX-listed developer said on Wednesday that the project was now estimated to host a measured and indicated resource of 630-million tonnes, grading 0.33%... 

Perseus hopes for Sept construction start at Sissingue

By: Esmarie Swanepoel     Updated 43 minutes ago Subject to securing the necessary debt funding, gold miner Perseus said it was hoping to start production at its Sissingue project, in Côte d’Ivoire, before the end of September this year. At the end of April, the miner laid the first stone at its second gold mine. 

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