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Nickel
 
CORPORATE ACTIVITY

Metallica offloads entire MetroCoal shareholding

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Metallica Minerals announced on Monday that it had sold its entire holding of 64.3-million ordinary shares in MetroCoal at 3.2c a share, for gross proceeds of A$2.06-million. “The sale of Metallica’s interest in MetroCoal is timely as it provides...
29th September 2014
 
 
BASE METALS

Walbridge generates revenue from Broken Hammer mine, Ontario

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Broken Hammer, Ontario TSX- and Frankfurt Stock Exchange-listed Wallbridge Mining on Wednesday reported revenue of $4.7-million from the Broken Hammer copper/platinum-group metals (PGMs) project, in Ontario. The junior said it had last month achieved the targeted...
24th September 2014
 
 
BASE METALS

Axiom wins long battle to develop Solomons nickel

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Tiny Australian prospector Axiom Mining has won a three-year court battle against Japanese giant Sumitomo Metal Mining to exploit a major nickel discovery in the South Pacific's Solomon Islands left idle for more than half a century. Axiom says...
24th September 2014
 
 
BASE METALS

Lundin starts production at $400m Eagle mine, Michigan

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Diversified base metals miner Lundin Mining has started copper and nickel concentrate production at its only US mine, the slightly-less-than $400-million Eagle project, in Michigan. The miner on Tuesday announced that construction activities...
23rd September 2014
 
 
FUNDING

Bellzone shares suspended as final agreement on $4m loan not yet reached

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Aim-listed Bellzone Mining on Monday announced that its shares would be suspended from trading on the Aim with immediate effect, as the company had not yet been able to reach agreement with China Sonangol International on the final satisfaction of...
22nd September 2014
 
 
NICKEL

Panoramic takes a stake in GME future

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Nickel miner Panoramic Resources has become a shareholder of fellow-listed GME Resources, and has signed a memorandum of understanding (MoU) with that junior for the NiWest nickel laterite project, in Western Australia. Panoramic on Monday...
22nd September 2014
 
 
Nickel

Creamer Media publishes African Mining Roundup for September 2014 research report

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This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining...
22nd September 2014
 
 
CAPITAL RAISE

Rox raises cash to fund Fisher East work

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Explorer Rox Resources has raised A$4.5-million in a share placement. The company announced on Friday that it had placed about 104.6-million shares, in a single tranche, priced at 4.3c a share. The funds raised would allow the company to continue...
19th September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

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The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee...
19th September 2014
 
 
 
 
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