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Work started towards defining Agata limestone resource

By: Leandi Kolver     Updated 5 hours ago Joint venture company Agata Mining Ventures (AMVI) has started with an exploration programme aimed at defining a National Instrument (NI) 43-101-compliant resource estimate at its Agata limestone project, in the Philippines. The NI 43-101 report was expected to be released following the... 

Lydian gets thumbs up for Amulsar gold project

By: Natasha Odendaal     Updated 5 hours ago TSX-listed Lydian International on Thursday said its 100%-owned subsidiary Geoteam had secured approval from the Ministry of Energy and Natural Resources of Armenia for a mining right for the Amulsar gold project, in Southern Armenia, in the Middle East. The mining right provided the green light... 

Rambler Metals’ Q1 output in line with guidance

By: Mariaan Webb     Updated 6 hours ago Dual-listed Rambler Metals and Mining said on Thursday that its first-quarter production results were in line with its guidance for the 2015 financial year, despite a weaker quarter-on-quarter production performance. During the three-month period to the end of October, the TSX-V- and Aim-listed... 

Rio and Dominion JV approves $350m Canada diamond investment

By: Esmarie Swanepoel Diversified miner Rio Tinto has given the green light for the development of the fourth pipe, known as A21, at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 pipe development was part of the original mine plan and is estimated to cost $350-million over four years. 

Rio and Dominion JV approves $350m Canada diamond investment

Paringa looks at second mine at Buck Creek

By: Esmarie Swanepoel Coal hopeful Paringa Resources would start a technical study on a second mine at its Buck Creek operation, in the US, before releasing the results of a prefeasibility stud (PFS) on the first mine. The Buck Creek mining complex includes the Buck Creek No 1 mine area, previously known as the Buck... 

Glencore Finance extends, increases Katanga loan facilities

By: Leandi Kolver TSX-listed Katanga Mining on Wednesday announced the execution of extended and increased loan facilities with Glencore Finance. Katanga said the maturity date of its existing term loan facility agreement with Glencore Finance, which had been used to fund, in substantial part, the redemption of... 

Goldman, BASF, HSBC accused of metals price fixing – US lawsuit

By: Reuters Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the US District... 

Miners ask court to lift ban on uranium mining near Grand Canyon

By: Reuters The American mining industry is asking a federal appeals court to overturn a ban on new uranium mining claims near the Grand Canyon in a legal battle with environmentalists over impacts on the premier US park. In 2012, the Obama administration set aside for 20 years new mining claims and limited... 

Freeport Indonesia says copper output at 80% of capacity

By: Reuters Production at Freeport-McMoRan Inc's huge Indonesian copper mine has yet to return to full capacity after an export dispute with the government and disruption related to workers' safety concerns, the local CEO said on Thursday. Relations between Freeport and its workforce remain strained after a... 

AMVI modifying DSO operations to increase Agata revenue

By: Leandi Kolver Joint venture company Agata Mining Ventures (AMVI) was modifying its high-iron/low nickel direct shipping ore (DSO) operations to include shipments of ore containing higher nickel content to increase revenues at its Agata nickel laterite project in the Philippines. AMVI, in which TVI Resource... 

Etango heap leach plant construction on track

By: Creamer Media Reporter ASX-listed Bannerman Resources on Wednesday said the construction of its Etango heap leach demonstration plant, in Namibia, was on track for completion early in 2015. The activities completed since awarding the contracts in September included the establishment of the site infrastructure,... 

Allied Nevada optimises Phase 1 of Hycroft mill expansion

By: Mariaan Webb US precious metals miner Allied Nevada Gold has lowered the cost of the first phase of its Hycroft mill expansion project by reviewing the construction sequence of infrastructure and other components. The company said on Wednesday that it could begin operation of the first line of the mill for a... 

Allied Nevada optimises Phase 1 of Hycroft mill expansion

ABG shareholders approve name change to Acacia Mining

By: Leandi Kolver African Barrick Gold (ABG) shareholders on Wednesday voted in favour of the company’s proposed name change to Acacia Mining, with the new name to come into effect on Thursday. ABG earlier this month explained that its core objective was to develop a business that was recognised as a leading... 

Cartesian invests in IC Potash subsidiary

By: Creamer Media Reporter Cartesian Capital Group has made a $10-million strategic investment in project developer IC Potash (ICP) subsidiary Intercontinental Potash Corp USA (ICPUSA), which owns the Ochoa sulphate of potash project, in New Mexico. Cartesian had acquired 500 000 class A preferred shares of ICPUSA at a... 

Forsys reports positive metallurgical results for Namibia project

By: Creamer Media Reporter SGS South Africa has completed a metallurgical study on Namibia-focused uranium explorer Forsys Metals’ Norasa project, which comprises the Valencia and Namibplaas projects. The metallurgical study was a major component of the feasibility study (FS) for the project, which was being prepared by... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter TSX-V- and Frankfurt-listed Mindoro Resources says its subsidiary, Agata Processing Inc (API), expects to complete a definitive feasibility study (DFS) for a nickel processing plant at the Agata project, in northern Mindanao, Philippines, by the end of this year. TVI Resource Development (TVIRD)... 

Osisko buys more shares in Virginia Mines

By: Natasha Odendaal As TSX-listed Osisko Gold Royalties geared up to combine its business with TSX-listed Virginia Mines, the Montreal-headquartered gold-focused royalty and stream company acquired a further one-million shares in Virginia Mines. Osisko, which still had to complete the acquisition of 2.38-million... 

Rochester royalty earns Rye Patch $2.61m in first nine months of 2014

By: Creamer Media Reporter Junior miner Rye Patch on Wednesday said the Rochester mine net smelter return (NSR) had earned it $2.61-million, or about C$2.85-million, in the first three quarters of this year. The Rochester mine paid a 3.4% NSR royalty quarterly to Rye Patch on each ounce of silver and gold produced and sold. 

Klondex Mines receives $10.3m from the exercise of warrants

By: Creamer Media Reporter Nevada-focused narrow-vein gold miner Klondex Mines has raised $10.3-million through the exercise of warrants by shareholders during October and November. About 5.86-million common share purchase warrants were exercised at a price of $1.75 a share. 

Golden Queen says California precious metals project on schedule

By: Creamer Media Reporter The Soledad Mountain gold and silver project near Mojave, in California, is proceeding on schedule, with processing facilities set to be commissioned in late 2015, TSX-listed Golden Queen Mining reported on Tuesday. The Vancouver-based company said its 50%-owned subsidiary, Golden Queen Mining... 

Enviro assessment process for Taseko’s Aley project starts

By: Creamer Media Reporter The British Columbia Environmental Assessment Office (BCEAO) will start an environmental assessment review of TSX- and NYSE-listed Taseko Mines’ Aley niobium project in northern British Columbia. Additionally, the Federal Minister of Environment had granted substitution of the environmental... 

Paladin raises A$50m

By: Esmarie Swanepoel Uranium miner Paladin Energy has completed an accelerated institutional component of its A$144-million entitlement offer, raising about A$50-million, with more than 86% of entitlements taken up. The dual listed miner said on Wednesday that the new shares, which were priced at 26c each, would... 

Kobada scoping study demonstrates robust project economics

By: Leandi Kolver TSX-V-listed African Gold Group on Tuesday announced the completion of a scoping study and an updated preliminary economic assessment (PEA) for its Kobada gold project, in Mali, demonstrating low capital expenditure requirements and high returns. African Gold said the scoping study demonstrated... 

US Federal Court grants injunction halting EPA process against Alaska’s Pebble

By: Leandi Kolver The US Federal District Court has granted the Pebble Limited Partnership’s (PLP’s) request for a preliminary injunction in its litigation against the US Environmental Protection Agency (EPA), PLP parent company Northern Dynasty Minerals reported on Tuesday. The EPA in February announced that it... 

US Federal Court grants injunction halting EPA process against Alaska’s Pebble
Northern Dynasty Minerals' Pebble project

Rare ruby expected to attract attention at Gemfields auction

By: Martin Creamer A rare ruby is expected to attract attention at London Aim-listed Gemfields’ upcoming ruby auction. The 40.23-carat rough ruby, unearthed at the company’s Montepuez deposit in Mozambique’s northeast Cabo Delgado province, is expected to set a new benchmark for the quality of African rubies. 

Rare ruby expected to attract attention at Gemfields auction
Photo by Duane Daws
Ian Harebottle

Quebec Court rejects Clifton’s safeguard motion

By: Natasha Odendaal The Quebec Superior Court has rejected TSX-V-listed Clifton Star Resources' request to suspend its obligations under an option agreement for the Duparquet project, in Quebec's Abitibi region. This emerged a month after Clifton filed for a safeguard order, as litigation between some of the option... 

Orezone on schedule to deliver Bomboré feasibility study by Q1 2015

By: Leandi Kolver TSX-listed Orezone Gold Corporation was on schedule to complete the feasibility study of its Bomboré gold project, in Burkina Faso, during the first quarter of next year, after which it would apply for a mining permit to develop the project during the second quarter, COO Tim Miller said on... 

Fortune issues shares to former Revenue owners

By: Creamer Media Reporter Canadian silver firm Fortune Minerals has issued 17.74-million common shares of the company to the former owners of Colorado-based Revenue silver mine, which it bought earlier this year. The shares were issued at a deemed price of C$0.25 a piece and completes the final instalment of the... 

Goldcorp signs resource development agreement with four First Nations

By: Creamer Media Reporter Vancouver-headquartered Goldcorp has signed a resource development agreement with four First Nations communities, providing a framework for consultation on existing and future operations in the Timmins area, in Ontario. The TSX-listed company said on Monday that the agreement concluded five... 

Lundin starts commercial production at US nickel/copper mine

By: Creamer Media Reporter Canadian diversified miner Lundin Mining on Monday announced the start of commercial production at the Eagle base metals mine, in Michigan, in the US. The high-grade nickel/copper mine, which cost about $400-million to develop, reached commercial production two months after start-up on September... 

Lundin starts commercial production at US nickel/copper mine

Treasury Metals secures second $3m tranche of RMB loan

By: Natalie Greve Having satisfied all conditions precedent, Toronto-listed Treasury Metals has ensured RMB Resources’ continued funding of the company's Goliath gold project, in Northwestern Ontario. The conditions related to the second tranche, which provided the company the ability to access an additional... 

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