GOLD 1303.04 $/ozChange: 4.16
PLATINUM 1482.50 $/ozChange: 9.00
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DIVERSIFIED MINER

BHP plans 3-year Olympic Dam process trial from late 2016

0 COMMENTS
BHP Billiton plans to run a three-year trial of a potentially cheaper way of processing copper and uranium from its massive Olympic Dam mine in Australia from late 2016, it said on Monday. The proposal is BHP's first indication of expansion...
28th July 2014
 
 
PLATINUM

Zondereinde shaft 1 out of commission for up to six weeks following incident

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JSE-listed Northam Platinum’s Zondereinde mine No 1 shaft would be out of commission for up to six weeks, following an incident that occurred during routine maintenance work. The company explained that the incident occurred on Sunday, when a...
28th July 2014
 
 
GOLD

Silver Lake to take full ownership of Mt Monger

0 COMMENTS
Gold miner Silver Lake Resources would require the outstanding 15% in the Mount Monger joint venture (JV) from partner Newcrest Operations for A$1.57-million. The Mount Monger JV, in Western Australia, included the Majestic and Imperial projects,...
28th July 2014
 
 
COPPER

Avanco inks royalty agreement at Antas

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Copper developer Avanco Resources has executed a $12-million non-dilutive production royalty investment with Black Rock World Mining Trust, over the Antas mine in Brazil. Avanco told shareholders on Monday that a due diligence had been completed,...
28th July 2014
 
 
OIL & GAS

LNG expands Canadian footprint

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ASX-listed Liquefied Natural Gas (LNG) would spend $11-million to acquire the Bear Head LNG project, in Canada, from a subsidiary of Anadarko Petroleum Corporation. The Bear Head project includes 225 acres comprising industrial-zoned land and...
28th July 2014
 
 
GOLD

Azumah awarded mining leases at Wa

0 COMMENTS
Junior gold developer Azumah Resources has been granted two mining leases for its Wa project by the Ghanaian Minister of Lands and Natural Resources. The mining leases were for a term of 15 years and included the Kunche and Bepkong deposits,...
28th July 2014
 
 
METALS

Strong production quarter for Independence

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ASX-listed Independence Group has reported an increase in gold, zinc and copper production during the three months to June, as the Tropicana gold project continued to ramp-up and its Jaguar operation increased grades. Independence on Monday...
28th July 2014
 
 
IRON-ORE

BC reports strong production quarter

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Iron-ore miner BC Iron has reported record full year production at its Nullagine joint venture (JV) operation, in Western Australia, during the year ended June. The miner aid on Monday that a 10% increase in ore mined during the three months to...
28th July 2014
 
 
CAPITAL RAISING

MacPhersons raises cash for Nimbus BFS

0 COMMENTS
Metals miner MacPhersons Resources on Monday announced that it would raise up to A$10.4-million in a share placement to fund the bankable feasibility study (BFS) of its Nimbus silver-gold-zinc project, in Western Australia. The ASX-listed miner...
28th July 2014
 
 
COPPER

Congo president fires CEO of State miner Gecamines for 'gross negligence'

0 COMMENTS
Democratic Republic of Congo's President Joseph Kabila has fired the chief executive of the country's State mining company Gecamines for "gross negligence", according to a presidential decree read out on the state television channel. Government...
28th July 2014
 
 
 
 
 
 
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