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Rhodium slides to its lowest in more than a decade

By: Reuters Rhodium prices slid to their lowest level in more than a decade on Friday, suffering along with other platinum group metals from perceptions that the metal, widely used in the car industry, is in plentiful supply. Rhodium fell to $790 an ounce on Friday, its weakest since March 2004, extending... 

Bohm to join Tawana board, expects to add value to Mofe Creek

By: Megan van Wyngaardt JSE-listed Tawana Resources appointed Michael Bohm to its board as an independent nonexecutive director, effective August 1. “We are delighted that Bohm has joined the board and recognise the extensive corporate and project development skills he brings to the role, with the particular emphasis of... 

Strata-X Energy appoints Greg Hancock nonexecutive director

By: Creamer Media Reporter TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate finance and capital markets in... 

Supply of quality copper concentrate shrinks, sows seeds of price support

By: Reuters Supply of high quality copper concentrate shrank more than expected in the first half of this year due to output delays in top miner Chile, squeezing the pipeline for metal producers and likely supporting prices later in 2015, traders said. Production from two of four mines in Chile that churn... 

Supply of quality copper concentrate shrinks, sows seeds of price support

McEwen Mining falls below NYSE listing requirements

By: Creamer Media Reporter Dual-listed McEwen Mining has fallen below the NYSE continued listing requirement related to the price of its common stock. "We do not believe that McEwen Mining's current share price is reflective of the true value of the company's assets. Our share price has been under pressure as a result of... 

Western Potash Milestone pilot study reveals reduced risk profile

By: Tracy Hancock A scoping study on TSX-listed Western Potash’s 100%-owned Milestone property, in southern Saskatchewan, has projected a significantly reduced risk profile and allowed for the staged development of the project. TSX-listed Western Potash president and CEO Pat Varas pointed out in a statement on... 

Alamos and AuRico Metals complete merger

By: Creamer Media Reporter Dual-listed Alamos Gold and TSX-listed AuRico Metals have completed their merger, forming the new Alamos, which president and CEO John McCluskey says has transformed Alamos into a leading intermediate producer. “With diversified gold production from three North American mines, a portfolio of... 

North American Palladium resumes milling at Lac des Iles

By: Creamer Media Reporter Milling operations at TSX-listed North American Palladium’s (NAP’s) Lac des Iles (LDI) mine, in Ontario, Canada, were successfully restarted on June 26, the company reported on Thursday. "Significant efforts by team members across the company, led by those on site at LDI, have put us in a... 

Molycorp gets approval from US bankruptcy court for interim financing

By: Reuters Rare earths miner Molycorp said it received US bankruptcy court approval for interim financing of $22-million to support its operations. At the company's first bankruptcy hearing on June 26, the court denied the company's loan request of $44-million. 

Molycorp gets approval from US bankruptcy court for interim financing

Asante appoints VP production and development for Kubi

By: Creamer Media Reporter Dual-listed Asante Gold has appointed Bash Ahmed director and VP production and development for its Kubi gold project, in Ghana, effective immediately. “We welcome Ahmed to the Board, and look forward to working closely with him to advance Kubi to production,” Asante noted in a statement on... 

Anglo plans major job cuts, sources say, as investors push for bolder overhaul

By: Reuters Anglo American is planning to cut between 5% and 20% of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits. The mining company, which employs some 151 200 staff globally, is... 

Medgold, Centerra sign earn-in deal for Lagares

By: Megan van Wyngaardt TSX-V-listed Medgold Resources has granted Toronto, Ontario-based, Centerra Gold the option to earn a 51% interest in its Lagares gold project, in northern Portugal, by spending $3-million over three years. Medgold explained in a statement that Centerra could earn an additional 19% by spending a... 

Pershing lists on Nasdaq, to trade from July 6

By: Megan van Wyngaardt Nevada-based gold producer Pershing Gold has been approved to list its common stock on the Nasdaq global market. It would formally start trading on July 6. 

Unesco to conduct mining impact study on world heritage site

By: Megan van Wyngaardt United Nations Educational, Scientific and Cultural Organisation (Unesco) has requested Canada to invite a reactive monitoring mission to conduct an indepth investigation of how Wood Buffalo National Park, in Alberta, is being impacted by hydroelectric and oil and gas development. The park was... 

Unesco to conduct mining impact study on world heritage site
Photo by Wikimedia Commons
Wood Buffalo National Park

Asian Mineral Resources appoints new board member

By: Megan van Wyngaardt Nickel miner Asian Mineral Resources (AMR) has appointed Evgenij Iorich to its board of directors, replacing Stephen Gill, who recently retired. The company owned and operated the 6 400 t Ban Phuc nickel mine in Vietnam. 

SouthGobi former CEO claims $1m in damages

By: Megan van Wyngaardt Dual-listed SouthGobi Resources’ former president and CEO Alexander Molyneux served the Mongolia-focused metallurgical and thermal coal miner with a notice of civil claim, filed in the British Columbia Supreme Court, it said on Thursday. The claim related to alleged breaches of Molyneux's... 

Walsh calls on miners to dispel gloom 

By: Esmarie Swanepoel The CEO of mining giant Rio Tinto has called on the resources industry to dispel the gloom and said it should remind shareholders of the longevity of the industry in order to maintain investment in the sector. Speaking in Melbourne, Sam Walsh noted that investment in the sector in the long-term... 

Walsh calls on miners to dispel gloom
Photo by Bloomberg
Rio Tinto CEO Sam Walsh

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

Atlatsa in talks with Amplats over Bokoni mine, financial support

By: Creamer Media Reporter Triple-listed platinum miner Atlatsa Resources on Wednesday said it was in talks with platinum major Anglo American Platinum (Amplats) regarding the future sustainability of the Bokoni mine, in Polokwane, as well as potential alternative financial support for the company. This followed after some... 

Pershing Resources starts pilot mill testing, expects modest cash flow 

By: Tracy Hancock Reno, Nevada-based Pershing Resources had started testing its pilot mill at a facility near Kingman, Arizona, in the US, marking the achievement of a major goal for the company and shareholders, Pershing Resources CEO Steve Plumb said on Tuesday. "We have developed the beginnings of a production... 

GoviEx files mining permit for Madaouela uranium project in Niger

By: Tracy Hancock GoviEx Uranium has filed its mining permit application with the government of Niger for its Madaouela uranium project in the prolific Arlit uranium-mining district of northern Niger. "Filing the mining permit application is a key step in the mine development process," said GoviEx CEO Daniel Major... 

GoviEx files mining permit for Madaouela uranium project in Niger

Evolving Gold to sell Rattlesnake Hills to GFG for $1.6bn

By: Tracy Hancock Vancouver-based gold exploration company Evolving Gold has entered into a binding letter of intent (LOI) to sell its Rattlesnake Hills project, in Natrona county, Wyoming, in the US, to GFG Resources. Evolving Gold advised on Tuesday that under the LOI, the acquisition of Rattlesnake Hills, which... 

Avrupa arranges $400 000 private placement

By: Creamer Media Reporter TSX-V-listed Avrupa Minerals has arranged a private placement of four-million units at $0.10 a unit for gross proceeds of $400 000, bringing the funds raised by the company during 2014 and 2015 to $1.5-million. The junior exploration and development company said on Tuesday that it generally... 

Oban enters three-party agreement with Eagle Hill, Ryan, Corona

By: Megan van Wyngaardt Canadian mineral resource company Oban Mining has entered into a definitive arrangement agreement with TSX-listed Eagle Hill Exploration, Ryan Gold and Corona Gold, to acquire common shares of each company. Under the arrangement, each holder of Eagle Hill shares would receive ten common Oban... 

Mine mechanisation linked to local equipment retains jobs – Jourdan 

By: Martin Creamer Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and... 

Mine mechanisation linked to local equipment retains jobs – Jourdan
Photo by Creamer Media
Paul Jourdan

KWG acquires 100% chromium IP

By: Sashnee Moodley Chromite explorer KWG Resources reported on Monday that it had acquired 100% ownership rights in two US provisional patent applications relating to the production of chromium iron alloys directly from chromite ore and the production of low carbon chromium iron alloys directly from chromite... 

Global mining exploration in crisis, but not hopeless – report

By: Megan van Wyngaardt Global mineral exploration is in crisis, but mining companies can turn their exploration performance around. “Finding orebodies is not all about luck and success is not unpredictable. And while some companies struggle to replace depleted reserves, those that act in a countercyclical way – that... 

Global mining exploration in crisis, but not hopeless – report

Eldorado Gold says no impact on Greek operations from bank shutdown

By: Reuters Mid-sized Canadian miner Eldorado Gold Corp said it was business as usual for its operations in Greece on Monday despite the shutdown of banks in the country after a collapse in bailout talks. "The financial controls in Greece have not impacted us - we are still paying out suppliers, employees... 

Bear Creek appoints new investor relations director

By: Sashnee Moodley TSX-V-listed Bear Creek Mining has appointed Barbara Henderson its investor relations director, while she would continue her corporate secretary duties. 

Cheniere moving ahead with condensate export terminal in Texas

By: Reuters Cheniere Energy Inc is moving ahead with a $550-million export terminal in Texas that will ship processed condensate to international markets, a top executive said on Monday. In addition, the terminal will be able to export any type of domestic oil if the decades-old US crude export ban is ever... 

BHP announces group management committee changes

By: Creamer Media Reporter BHP Billiton health, safety and environment (HSE) and marketing and technology president Dean Dalla Valle will take responsibility for the diversified miner’s potash portfolio from August 1. In addition to being chief commercial officer in charge of potash, he would retain responsibility for HSE,... 

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