West Africa emerging as the new Pilbara – West African Minerals

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners are...

WAFM buys rest of Cameroon iron-ore explorer

Aim-listed West African Minerals (WAFM) acquired the remaining 34.51% interest in CMC Guernsey, CEO and executive cochairperson Stephen Dattels announced on Friday. CMC Guernsey, which owns six exploration permits for iron-ore and associated...

Lonmin gives Cyril a fair crack at the platinum mining whip

The world and South Africa’s third-largest platinum miner Lonmin is giving Cyril Ramaphosa’s Shanduka a fair crack at the platinum mining whip. Up to now, Lonmin’s dormant Limpopo assets have been something of a letdown. If Shanduka can...

Investors increasingly wary of SA - Lonmin chair

There is a “growing sense of concern” among London’s investment community over the risks of mining in South Africa, number-three platinum producer chairperson Roger Phillimore said in an interview on Thursday. “There is a growing...

Mandalay mulls reprocessing tailings at Chile mine - CEO

TSX-listed Mandalay Resources, which aims to produce 1,9-million ounces of silver and 15 000 oz of gold this year at its Chilean Cerro Bayo mine, could lift output in the near term from processing low-grade waste dumps, CEO Brad Mills said on...

Mandalay starts processing ore at Chile silver/gold mine

TSX-listed Mandalay Resources is now processing ore at its Cerro Bayo operation in Chile, and expects to ship the first concentrate in early February, the company said on Monday. Mandalay bought the shuttered gold/silver mine from Coeur d'Alene...

Mandalay starts mining at Cerro Bayo

TSX-listed Mandalay Resources has begun underground mining at the Cerro Bayo mine, in Chile, the firm said on Thursday. Mandalay bought the shuttered gold/silver operation from Coeur d'Alene Mines in August.

Mandalay sees Cerro Bayo cash-flow positive from Jan 2011

Since taking over as CEO at TSX-listed Mandalay Resources a year ago, former Lonmin boss Brad Mills has overseen two snappy acquisitions, and has more up his sleeve. The company last month closed the buyout of the mothballed Cerro Bayo silver...

Ex-Lonmin chief Brad Mills now keen on Chile

Brad Mills has been keeping a low profile since his abrupt exit as boss of number-three platinum producer Lonmin, but last month the company he now heads, Mandalay Resources, graduated to the TSX main board. Mandalay, with a market...

Mandalay gets green light for graduation to TSX

TSX Venture Exchange-listed Mandalay Resources has received conditional approval to list its shares on the TSX, the firm announced on Friday. The company is still waiting for confirmation of the date when the shares will start trading on the TSX,...

Western Coal sees output of 10Mt/y by 2013

Vancouver-based Western Coal (formerly Western Canadian Coal) plans to boost production to 10-million tons a year of coal by 2013, chairperson John Byrne told shareholders at the firm's annual meeting on Tuesday. Earlier this year, Western bought...

Lonmin appoints Phillimore as permanent chair

World number-three platinum producer Lonmin has appointed Roger Phillimore as chairperson on a permanent basis, succeeding Sir John Craven, who retired in January. Phillimore was appointed as interim chairperson when Craven stepped down, but was...