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Uranium Energy collects permits for Palangra expansion, Burke Hollow project

By: Henry Lazenby     Updated 6 hours ago US uranium producer and project developer Uranium Energy Corp (UEC) on Wednesday announced that it had received all required permits to produce uranium from new resource areas at the Palangana in situ recovery (ISR) mine, in Texas, after it had obtained a larger mine permit and aquifer exemption... 

Inca One starts trading on Santiago Stock Exchange’s Venture board

By: Henry Lazenby     Updated 6 hours ago Canadian mineral processing firm Inca One has started trading on the Santiago Stock Exchange, Venture (SSEV) market, giving it access to the Latin American Integrated Market (MILA), Latin America’s largest stock trading platform. Inca One on Wednesday said that this listing and platform would... 

Peregrine Diamonds becomes first junior to join Diamond Bourse of Canada

By: Henry Lazenby     Updated 7 hours ago Explorer Peregrine Diamonds has become the first junior mining company to become a member of the Diamond Bourse of Canada (DBC), joining the ranks of diamond major De Beers Canada, among others. The DBC was a central commodity exchange facility and a network that brought together buyers and... 

Guyana Goldfields starts commissioning at Aurora gold project

By: Henry Lazenby TSX-listed Guyana Goldfields (GGI) has started commissioning equipment at is Aurora project, saying the project remained on track for the first gold our by midyear. The project was currently about 85% built, with the focus now being on operational readiness training and commissioning. 

Feasibility study finds Eldorado Gold’s Certej project a valuable low-cost asset

By: Henry Lazenby A new feasibility study on multinational miner Eldorado Gold’s western Romania-based Certej project has found that the now shovel-ready project was a boon to its low-cost asset base. The company’s subsidiary, Deva Gold, through which Eldorado owned an 80.5% stake in Certej, and an internal team... 

Feasibility study finds Eldorado Gold’s Certej project a valuable low-cost asset
Photo by Eldorado Gold
The historic Certej openpit, Romania.

Namibian mining’s pulling together boosting country’s economy – Nedbank

By: Martin Creamer Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

Namibian mining’s pulling together boosting country’s economy – Nedbank
Photo by Duane Daws
Paul Miller

China's Zijin buys stakes in gold, copper projects

By: Reuters China's Zijin Mining Group , which announced two acquisitions on Tuesday for more than $700-million, believes now is the good time to buy overseas assets as the mining sector is weak, a senior executive said on Wednesday. "In terms of acquisitions, now is the low level (of prices), good... 

Rockfall traps nine miners in Iamgold mine in Quebec

By: Reuters Rescuers were clearing rocks to free nine miners trapped about 1 km underground at Iamgold's Westwood gold mine, in Quebec, on Tuesday after a rockfall, a company spokesperson said. The miners, who have been trapped more than 12 hours, were uninjured and in constant contact with mine officials... 

Barrick investors welcome Chinese tie-up, debt reduction moves

By: Reuters Barrick Gold's first step to long-promised partnerships with China, as well as progress in reaching an ambitious debt-cutting goal, are turning sceptical investors warmer toward the world's biggest gold miner. Barrick said on Tuesday it would sell a stake in its Porgera mine in Papua New Guinea... 

London Metal Exchange aims to boost liquidity, electronic trading

By: Reuters The London Metal Exchange (LME) took more steps on Tuesday to boost liquidity by making it easier for new members, including US speculators, to have direct access to its electronic trading system. The LME's owner, Hong Kong Exchanges and Clearing, has been striving to increase LME volumes and... 

Iamgold pays Sanatana more than $400 000 following failed easement application

By: Henry Lazenby Canadian explorer and project developer Sanatana Resources has received $403 189.86 from international gold producer Iamgold, who paid on behalf of subsidiary Trelawney Mining and Exploration, for the full costs awarded by the Ontario Mining and Lands Commissioner (MLC) regarding Trelawney's... 

Platinum project partners consolidate Waterberg JV, Extension projects

By: Henry Lazenby The joint venture (JV) partners of the South Africa-based Waterberg JV and the Waterberg Extension have agreed to consolidate the platinum projects into a unitised project area, following a firm $20-million funding commitment from JV partner Japan Oil, Gas and Metals National Corporation... 

China's Zijin Mining extends global reach with Barrick, Ivanhoe partnerships; Aus offer

By: Henry Lazenby One of China’s largest mining companies Zijin Mining Group has extended its global reach after forming two new long-term mining partnerships with Western miners, while sustaining an aggressive pursuit of an Australian gold miner.  The world’s largest gold producer by output Barrick Gold on... 

China's Zijin Mining extends global reach with Barrick, Ivanhoe partnerships; Aus offer

Nedbank clinches African mining financing deals worth $540m

By: Martin Creamer Nedbank has closed $540-million worth of mining financings on the continent of Africa in the last 18 months. Speaking to Creamer Media’s Mining Weekly Online on Tuesday, Nedbank Capital international mining finance head Nivaash Singh said the bank was very much open for business in Africa and... 

Nedbank clinches African mining financing deals worth $540m
Photo by Duane Daws
Nivaash Singh

SouthGobi Resources’ TSX delisting review deferred by a month

By: Henry Lazenby The TSX has deferred a decision to delist Mongolia-focused coal miner SouthGobi Resources’ stock to late next month. The company believed that the extension would give it enough time to continue implementing its proposed funding plan and allow it to demonstrate that it would be compliant with the... 

Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics

By: Henry Lazenby A feasibility study on Australian explorer Greenland Minerals & Energy’s (GMEL’s) Kvanefjeld multi-element project has revealed compelling metrics, delivering a similar net present value (NPV) to a previous study despite increased capital costs. The ASX- and Frankfurt-listed explorer on Monday... 

Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics
Photo by Greenland Minerals and Energy
Kvanefjeld, Greenland.

Arch Coal's NYSE stock listing under review

By: Henry Lazenby US coal producer Arch Coal has six months to, once more, become compliant with NYSE requirements, having been issued a notice of noncompliance with the exchange’s continued listing standards. Under NYSE rules the average closing price of a listed company's common stock needed be at least $1 a... 

St Andrew Goldfields worker killed in underground accident

By: Henry Lazenby Operations at St Andrew Goldfields’ Holt mine and mill, located 125 km east of Timmins, in Ontario, resumed on Monday morning after a fatal underground accident halted all operations on the weekend. Twenty-two-year-old Alexie Dallaire-Vincent was killed on Saturday after being involved in an... 

St Andrew Goldfields worker killed in underground accident

1 000 platinum-powered Hyundais in UK this year – Amplats 

By: Martin Creamer Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith has told Platinum Week 2015 in... 

1 000 platinum-powered Hyundais in UK this year – Amplats
Photo by Duane Daws
Chris Griffith

Evolution pays $550m for Barrick mine in NSW

By: Esmarie Swanepoel Gold miner Evolution Mining on Monday announced that it would spend $550-million to acquire the Cowal gold mine, in New South Wales, from fellow Barrick Gold. Evolution executive chairperson Jake Klein described the acquisition as a “transformational” transaction for the company, pointing out... 

Evolution pays $550m for Barrick mine in NSW

Gold struggles near $1 200 on Yellen comments, robust dollar

By: Reuters Gold was trading close to its lowest level in over a week on Monday after Federal Reserve Chair Janet Yellen indicated the US central bank was likely to raise interest rates this year and as the dollar strengthened to its highest in a month. Spot gold had slipped 0.1% to $1 204.55 an ounce by... 

Cameco declares commercial production at Cigar Lake

By: Henry Lazenby Canadian uranium major Cameco on Friday announced that it had declared commercial production at its Cigar Lake operation, in Saskatchewan, effective May 1. The TSX- and NYSE-listed miner had suffered several setbacks in developing the mine over the years, as frequent flooding and problems with... 

Alpha Natural affiliates to downsize Central Appalachian mining ops

By: Henry Lazenby Several operating affiliates of US coal miner Alpha Natural Resources on Friday notified more than 500 employees that their mining and processing operations would probably be idled. NYSE-listed Alpha’s affiliates gave 439 employees at Rockspring Development's Camp Creek underground mine and... 

Alpha Natural affiliates to downsize Central Appalachian mining ops

Red Kite co-founder plans new Orion metals fund – sources

By: Reuters US mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment... 

Trafigura's global metals trading chief Simon Collins resigns

By: Reuters Trafigura's global head of the metals and minerals trading division, Simon Collins, has resigned for personal reasons, the commodities merchant said on Friday, the second senior executive departure in the past month. Group CEO Jeremy Weir has taken the reins of the business, the second largest... 

Silvercorp widens FY loss as mine impairment charges weigh

By: Henry Lazenby China-focused miner Silvercorp Metals has reported a wider net loss for the 2015 fiscal year, weighted down by booking $130.3-million in impairment charges at two mines as a result of lower metals prices. For the year ended March 31, the Vancouver-based company reported a net loss of... 

Well-known institutional investor joins U3O8 Corp’s board

By: Henry Lazenby Uranium explorer U3O8 Corp has appointed well-known institutional investor David Franklin to its board with immediate effect. Franklin brought to the board a proven record of mining investment experience that would help U3O8 Corp expand its investor reach and position the company for further... 

Eldorado Gold renews share purchase scheme

By: Henry Lazenby Canadian gold producer Eldorado Gold has renewed its share-buying programme for another year to satisfy obligations under its restricted share unit plan (RSU plan) for employees, officers of the company or a related entity as designated by the board. Eldorado on Friday reported that the TSX had... 

Buffalo considers restructuring, placed under TSX delisting review

By: Megan van Wyngaardt Troubled coal miner Buffalo Coal said on Friday that it would continue to consider restructuring alternatives at its Dundee operations, in KwaZulu-Natal, and advised shareholders that it was under a TSX delisting review. The dual-listed South Africa-focused company’s finances were under strain,... 

Agnico Eagle takes a 17.4% stake in Belo Sun

By: Henry Lazenby Canadian gold miner Agnico Eagle has acquired a 17.4% stake in Belo Sun Mining, which is developing the Volta Grande project in Para state, Brazil. Belo Sun on Thursday issued 62.5-million common shares to Agnico Eagle at C$0.24 apiece, for proceeds of C$15-million. 

Agnico Eagle takes a 17.4% stake in Belo Sun
Photo by Belo Sun
Drilling at Volta Grande, Brazil.

Teck Resources lifts position in Artha Resources after option termination

By: Henry Lazenby Canadian diversified miner Teck Resources has acquired 1.5-million units of explorer Artha Resources. This followed an April 23 agreement between Artha and Teck's Argentina subsidiary to terminate the Aguilar option agreement, eliminating Artha’s liability of C$696 000 in firm expenditure... 

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