Explorer’s share price soars 43% as ‘impressive’ resource estimate is unveiled

On the back of an impressive maiden resource estimate at its Glenover rare earths joint venture (JV) project, in Limpopo, shares in the AIM-quoted emerging exploration company Galileo Resources are up 42.47% to 52p.

Mining Indaba Schedule

Glenover reports positive drilling results at Limpopo rare earths prospect

The global rare earths industry is in a state of flux, says natural resource exploration company Galileo Resources executive chairman Colin Bird.

Jubilee gets R75m offer for Quartzhill platinum prospect

JSE- and Aim-listed mine-to-metals company Jubilee has received a R75-million cash offer from a platinum major for a portion of its Tjate platinum project. The £5.95-million cash offer is for the Quartzhill farm, a portion of Tjate’s platinum...

ConRoast platinum project, South Africa

The project involves the installation of a 5 MW direct current furnace, at Jubilee Platinum’s smelting facility, to treat chrome-bearing platinum concentrates.

Jubilee expects to be cash flow positive by year-end

Mining exploration and development company Jubilee Platinum said on Monday that it expected to be cash-flow positive by the end of the year. Jubilee reported a loss of £2,2-million after taxation for the year ended June 30, 2010, compared with a...

Coetzer takes over as Jubilee CEO in August

Aim- and JSE-listed Jubilee Platinum on Tuesday announced the reshuffling of its senior executives, with Colin Bird stepping down as CEO to succeed Malcolm Burne, who will be leaving the company, as nonexecutive chairperson in August. This would...

First commercial ConRoast DC furnace by 2011

Aim- and JSE-listed Jubilee Platinum said on Wednesday that it envisaged the completion of its first commercial ConRoast DC furnace by early 2011. Jubilee CEO Colin Bird said that it had appointed Environmental & Process Solutions to undertake an...

Jubilee studies ConRoast furnace for Northam's Booysendal

Aim- and JSE-listed Jubilee Platinum has signed a memorandum of understanding (MoU) with fellow JSE-listed platinum-miner Northam to study the potential of constructing a new direct current arc furnace to treat a portion of platinum-group metal...

Jubilee says ConRoast development phase completed

Aim- and JSE-listed Jubilee Platinum was “well advanced” in establishing a commercial ConRoast facility, with the research and development phase done in collaboration with Mintek having been successfully concluded in March. The platinum...

Jubilee buys site for ConRoast facility in Middelburg

JSE- and Aim-listed Jubilee Platinum announced on Tuesday that it would acquire a brownfields smelting facility, in Middelburg, in South Africa’s Mpumalanga province, for $14-million, to become the first site of its ConRoast furnace build...

Jubilee appoints Snowden to advance SA platinum project

Platinum junior Jubilee Platinum announced on Wednesday that it had engaged consulting company Snowden to advance its Tjate platinum project in South Africa towards feasibility. Jubilee CEO Colin Bird said in a statement that rapidly increasing...