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India’s Supreme Court directs auction of 15 Karnataka iron-ore mines

By: Ajoy K Das     Updated 38 minutes ago India’s Supreme Court has directed that 15 iron-ore mines in the southern province of Karnataka will have to be put up for auction and the process completed within the next 32 weeks. The apex court order would impact even those mines that had been brought back into production in 2013 after the... 

Now is the right time for S2 - Bennett

By: Esmarie Swanepoel     Updated 41 minutes ago Takeover target Sirius Resources’ MD and CEO Mark Bennett on Monday said that there was definite opportunities to expand the project portfolio of the demerged S2 Resources, following a merger of Sirius and fellow-listed Independence Group. Metals miner Independence Group in May of this year... 

Newmont looks to extend KCGM mine life

By: Esmarie Swanepoel     Updated 1 hour 23 minutes ago Gold miner Newmont Mining on Monday said that it was working to extend the mine-life of its Kalgoorlie operations, in Western Australia. Speaking at the first day of the Diggers & Dealers conference, Newmont’s senior VP for the Asia Pacific region, Tom Palmer, noted that Newmont’s focus was on... 

Panoramic changes Lanfranchi plans, dismisses staff

By: Esmarie Swanepoel     Updated 3 hours ago Nickel miner Panoramic Resources has suspended mining at its Deacon orebody, with in the Lanfranchi operations, in Western Australia, following an earlier seismic activity. Mining from the Deacon orebody was expected to decline in 2016 as the orebody was depleted, however, Panoramic took the... 

Syrah raises A$211m to fund Balama construction

By: Esmarie Swanepoel     Updated 4 hours ago Graphite developer Syrah Resources on Monday announced a A$211-million capital raise the fund the development of its Balama project, in Mozambique. The company would raise the funds through an institutional placement and pro-rata renounceable entitlement offer, which have both been fully... 

Straits detailes refinancing deal

By: Esmarie Swanepoel     Updated 4 hours ago Copper developer Straits Resources has inked a binding agreement with lender Standard Chartered Bank (SCB) and Asian investment firm PAG subsidiary PAG SPV to restructure its debt. Under the terms of the agreement, Straits’ $111-million outstanding debt with SCB would be reduced by more than 50%... 

Giorgetta calls on miners to educate communities on resource benefits

By: Esmarie Swanepoel     Updated 5 hours ago Diggers & Dealers forum chairperson Nick Giorgetta has called on the Australian mining industry to educate the broader community on the positive contribution being made by mining, in order to influence policymakers. Speaking on the first day of the Diggers & Dealers conference, Giorgetta noted... 

Gold Road picks a development option for Gruyere

By: Esmarie Swanepoel     Updated 5 hours ago The Stage 1 prefeasibilty study (PFS) into the Gruyere gold project, in Western Australia, has selected a 7.5-million tonne a year throughput rate as the most effective, giving the project a potential mine-life of between 10 to 15 years. The Stage 1 PFS also selected gas-fired power generation... 

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