Miner ENRC mulls carving off international assets

ENRC, one of the largest London-listed mining groups, is considering options to boost its value that include a possible split of its international arm, comprising its mines in the Democratic Republic of Congo, from its core Kazakh assets....

Mutiny close to securing project financing for Deflector

Gold developer Mutiny Gold on Wednesday said that it would likely secure some A$70-million in project financing by mid-year to start operations at its 530 000 oz Deflector deposit, at the Gullewa project in Western Australia. MD John Greeve told...

Iron junior transitions into producer as mining starts at Sierra Leone project

Iron-ore junior London Mining’s flagship Marampa operation, in Sierra Leone, has transitioned into production, facilitating the company’s move from developer to producer in what London Mining CEO Graeme Hossie calls a ‘milestone year’.

Glencore and Xstrata, catalyst for more mining M&A

Megadeals like Glencore's planned acquisition of Xstrata could encourage other mining companies to embark on decisive M&A of their own, senior bankers said at the Reuters Mining and Metals Summit on Tuesday. "The market is reasonably conducive to...

Burnstone gold mine, South Africa

Great Basin has said it is raising C$50-million in a bought deal financing to carry its Burnstone mine through to the third quarter.

Oracle enters $70m loan agreement with Credit Suisse

TSX-quoted Oracle Mining has entered into a nonbinding agreement with Credit Suisse to borrow up to $70-million to assist in reopening a copper mine in Arizona, the company said on Monday. The Oracle Ridge mine, located 24 km north-east of...

Westgold secures debt financing for A$80m

ASX-listed Westgold Resources has secured up to A$80-million through a project loan facility to fund the development of its Central Murchison gold project. Westgold has reached an agreement with financial institution Credit Suisse to act as the...

Boseto copper project, Botswana

Several high-grade zones of copper mineralisation have been identified within the Selene deposit, which may extend the mine-life of the Boseto copper project.

Burnstone gold mine, South Africa

The development plan at the Burnstone mine is progressing well.

Govt stops lacerate platinum, supply ebb may boost price, palladium deficit forecast

Government-enforced safety stoppages at South African platinum mines is lacerating production; the platinum supply ebb is seen as positive for platinum prices; and palladium may be in short supply.

Mining Indaba Schedule

Financial analyst to speak at Mining Indaba

Financial institution Credit Suisse commodities research VP Tom Kendall will focus on the outlook for the global gold sector during his presentation at the commodities review and outlook forum at the Investing in African Mining Indaba 2012.