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Nyota to raise funds for exploration at Italian nickel play

By: Natalie Greve     Updated 45 minutes ago Dual-listed Nyota Minerals has announced the conditional placing of 545.4-million new ordinary shares of 0.06p apiece to raise £300 000 for general working capital and to fund the exploration of its nickel and associated base and precious metals project, in the Piemonte region of Italy. The... 

Top iron-ore firms unlikely to form cartel and cut output - Goldman

By: Reuters     Updated 1 hour 38 minutes ago Major iron-ore miners from Australia and Brazil are unlikely to create a cartel and agree on output cuts to shore up prices, with weakening demand expected to intensify competition, Goldman Sachs said. "Efforts to support prices via voluntary production cuts would be counter-productive. In our... 

Top iron-ore firms unlikely to form cartel and cut output - Goldman

Definition study enhances Unicorn business case, slashes capex – Dart

By: Mariaan Webb     Updated 1 hour 54 minutes ago A project definition study of the Unicorn molybdenum, copper, silver and zinc project, in Victoria, has significantly improved the project definition and business case, ASX-listed Dart Mining reported on Wednesday. The company started a 15-month study of the project in March last year, following... 

Fortescue insists it pays full share of tax to Australia, downplays Singapore company

By: Mariaan Webb     Updated 2 hours 20 minutes ago Iron-ore miner Fortescue Metals, which has publicly taken on multinational firms such as Rio Tinto and BHP Billiton over their marketing hubs in Singapore, on Wednesday downplayed the importance of a company it had set up in the low-tax island city state in early 2014. Responding to an article in... 

Ports and railways tasked to help India curb illegal mining

By: Ajoy K Das     Updated 3 hours ago India’s federal government announced it would involve logistical service providers, including ports and railways, along with provincial governments, in the monitoring of illegal mining activity across the country. Each of the provinces had been directed to set up Coordination and Empowered... 

Underground lab cuts copper analysis turnaround time at Palabora

By: Natalie Greve     Updated 3 hours ago Analytical chemistry specialists Set Point Laboratories has been awarded a contract to manage and operate a newly established underground laboratory at the Palabora Mining Company in Limpopo, enabling closer monitoring of ore copper concentrations as the operation moves to a new mining level. Set... 

Zambia cuts power as dam level drops on drought

By: Reuters     Updated 3 hours ago Africa's second-biggest copper producer Zambia has cut its power generation by 300 MW after water levels in the Kariba dam, a key source of hydropower, dropped following a prolonged drought, its deputy minister of energy said on Tuesday. Charles Zulu said Zambia planned to reduce its hydropower... 

Zambia cuts power as dam level drops on drought

New Metallica chairperson named

By: Creamer Media Reporter      Updated 3 hours ago Development and exploration company Metallica Minerals has appointed Barry Casson its independent nonexecutive chairperson, with effect from June 30, to succeed long-standing chairperson David Barwick, who is retiring as a director. Casson joined the Metallica board on December 1, 2010, as an... 


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