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By: Henry Lazenby Updated 15 minutes 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... →
By: Henry Lazenby Updated 31 minutes 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... →
By: Henry Lazenby Updated 50 minutes 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... →
By: Reuters Updated 2 hours 6 minutes 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... →
By: Henry Lazenby Updated 2 hours 17 minutes 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... →
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... →
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... →
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... →