GOLD 1287.18 $/ozChange: 5.56
PLATINUM 1404.00 $/ozChange: 4.00
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BUSINESS AUTOMATION

Mayfox becomes first E Africa miner to implement cost-control software

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Kenyan-owned Mayfox Mining has signed an agreement with Sage Enterprise Resource Planning (ERP) X3 solution provider Wingo.net for the installation of an ERP solution, which will see the gold exploration company become the first mining company in...
23rd April 2014
 
 
EXPLORATION

Thor flags more cost reduction at Molyhil

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ASX-listed junior Thor Mining has reported yet another cost reduction at its planned Molyhil tungsten project, in the Northern Territory. The metals developer reported a 13% reduction in the expected operating costs at Molyhil to around A$78/t,...
23rd April 2014
 
 
GOLD

Newcrest output down 11% on maintenance

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Gold major Newcrest Mining has reported an 11% drop in production for the three months to March, but assured shareholders that it was on track to deliver on its full-year expectations. During the quarter under review, gold production declined to...
23rd April 2014
 
 
IRON-ORE

BHP cuts ribbon at Jimblebar

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Mining major BHP Billiton on Wednesday officially opened its Jimblebar iron-ore mine, in the Pilbara. The mine produced its first ore in the September quarter of last year, and was expected to deliver its phase-one capacity of 35-million tonnes a...
23rd April 2014
 
 
NICKEL

Mirabela given some leeway

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Struggling nickel miner Mirabela Nickel has been thrown a life-line by the ad-hoc committee of holders of more than 65% of the company’s $395-million unsecured notes, due in April 2018. The consortium of holders had previously agreed to a...
23rd April 2014
 
 
METALS

Tin struggles to keep up - Metals X

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ASX-listed Metals X has reported a solid quarter at its gold operations, but said on Wednesday that its tin operations had underperformed, owing to lower head grades. During the three months to March, Metals X produced 48 349 oz of gold, which...
23rd April 2014
 
 
LEGISLATIVE ENVIRONMENT

Goa to frame new mining policy after lifting of mining ban

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Close on the heels of the India’s Supreme Court lifting a ban on mining in Goa, the provincial government was working on a new mining policy to be ready by June, and aiming to get operations back on the rails by September. The new mining...
23rd April 2014
 
 
MINING FINANCE

Troy secures A$100m funding for Karouni

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Dual-listed gold miner Troy Resources on Wednesday announced that it had secured a A$100-million revolving corporeate facility to progress its Karouni project, in Guyana. The facility with Investec Bank would have a three-year term with...
23rd April 2014
 
 
 
 
 
 
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