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Sumatra signs documents for Tembang finance

By: Esmarie Swanepoel     Updated 2 minutes ago Gold hopeful Sumatra Copper & Gold has executed the documentation for its $45-million funding facility for its Tembang gold project, in Indonesia. Earlier this month, Sumatra announced that it had secured the senior debt facility with Nomura Singapore and Indonesia Eximbank. 

Cape Lambert to fund Timis Mining’s Marampa buy

By: Esmarie Swanepoel     Updated 13 minutes ago Resource investment company Cape Lambert on Wednesday announced that it had entered into a term sheet with Timis Mining to provide that company with about $20-million for its planned acquisition of the Marampa iron-ore project, in Sierra Leone, from the administrators of London Mining. Under the... 

OceanGold hopeful of Blackwater economics

By: Esmarie Swanepoel     Updated 16 minutes ago A preliminary economic report on dual-listed gold miner OceanaGold’s Blackwater gold project, in New Zealand, has indicated an economically robust project. In a report released on Wednesday, the ASX- and TSX-listed miner noted that Blackwater could be mined at a rate of 120 000 t/y, to produce... 

Mincor assets deliver in Sept quarter

By: Esmarie Swanepoel     Updated 49 minutes ago Nickel miner Mincor Resources has exceeded its production expectations during the September quarter, as both its operating mines, in Western Australia, exceeded yearly production targets. During the three months under review, Mincor increased production to 2 515 t of nickel-in-ore, up 5%... 

Speculation arise around Mutiny/Doray tie-in

By: Esmarie Swanepoel     Updated 58 minutes ago The shares of gold miners Doray Minerals and Mutiny Gold went into a trading halt on Tuesday, pending announcements of a potential corporate combination. Doray’s trading halt would lift on Friday, while Mutiny was expected to resume trading on Thursday. 

Silver Lake sells Lakewood assets

By: Esmarie Swanepoel     Updated 59 minutes ago ASX-listed Silver Lake Resources has announced the sale of its Lakewood mill assets, in Western Australia, in a deal worth A$5.5-million. The company would receive a 2% gross revenue royalty on all minerals mined or recovered from two mining leases. 

BHP reports record production, says no major projects under way

By: Esmarie Swanepoel     Updated 1 hour 1 minute ago Mining giant BHP Billiton has reported record production across four commodities and eight operations during the quarter ended September, including from its Pilbara iron-ore operations. Iron-ore production for the three months under review increased by 1% on the previous quarter, and 17% on the... 

BHP reports record production, says no major projects under way
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Norton delivers record results and lower cash costs

By: Esmarie Swanepoel     Updated 1 hour 3 minutes ago Gold miner Norton Gold Fields has reported a slight increase in gold production during the three months to September, compared with the previous quarter, as productivity and cost reduction initiatives delivered results. Production during the three quarters under review reached 46 957 oz, at a C1... 


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