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Talisman to pay $10m for Glencore’s idled Sinclair nickel mine

By: Esmarie Swanepoel     Updated 7 minutes ago Minerals explorer Talisman Mining has signed an agreement with major Glencore’s Xstrata Nickel Australasia Operations to acquire the Sinclair nickel mine, in Western Australia, for a deal valued at A$10-million. Under the terms of the agreement, Talisman would make a cash payment of A$8-million... 

Miners need sustainable solutions to productivity problem – EY

By: Esmarie Swanepoel     Updated 10 minutes ago A report by advisory firm Ernst & Young (EY) has indicated that cost cutting would only lead to short-term productivity gains for mining companies with complex operations and that sustainable long-term solutions were needed. In its new report, ‘Productivity in mining: now comes the hard part’,... 

Miners need sustainable solutions to productivity problem – EY

Minotaur sells gymspum project in A$4.8m deal

By: Esmarie Swanepoel     Updated 16 minutes ago ASX-listed Minotaur Exploration on Monday announced the sale of Lake Purdilla gypsum deposit, in South Australia, for A$4.8-million. The explorer told shareholders that the conditional sale and purchase deed for the project, which consists of two exploration licenses, was an important step... 

Rain falls on the Sayama parade

By: Esmarie Swanepoel     Updated 20 minutes ago Heavy rains at the Sayama operation, in Mali, has impacted gold miner Resolute Mining’s output during the three months to September. Gold production during the three months under review declined to 67 078 oz, compared with the 81 877 oz delivered in the June quarter, while cash costs for the... 

Atrum improves Groundhog North financials

By: Esmarie Swanepoel     Updated 22 minutes ago Coal developer Atrum Coal has reduced the expected capital cost and increased the mine-life of its proposed Groundhog North project, in Canada, after doubling the resource estimate earlier this month. The ASX-listed Atrum on Monday reported that a supplementary prefeasibility study (PFS) into... 

Troy advances Karouni gold project

By: Esmarie Swanepoel     Updated 31 minutes ago Dual-listed gold miner Troy Resources has moved a step closer to production at its Karouni gold project, in Guyana, after signing a minerals agreement with the state government. The minerals agreement detailed the fiscal, property, import/export procedures, taxation and other conditions for the... 

Hillgrove reports solid quarter

By: Esmarie Swanepoel     Updated 32 minutes ago Copper miner Hillgrove Resources has reported solid production in the third quarter, despite it being only a two-month quarter as the company aligned its financial year to the calendar year. For the two months ended September, Hillgrove’s Kanmantoo copper mine, in South Australia, delivered 4... 

India to legislate new law to acquire illegally allotted land

By: Ajoy K Das     Updated 45 minutes ago The Indian government is readying new legislation to acquire land bought by companies whose coal blocks the Supreme Court declared to be illegally allotted. The law, in the form of an ordinance prepared by the Coal Ministry, was expected to be approved by the government before month-end, since... 

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