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Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Dundas vying to be the next large-scale Greenland mine

By: Mariaan Webb     31st May 2018 London- and Frankfurt-listed Bluejay Mining is set to bring into production the world’s highest-grade ilmenite project in 2019, feeding into the Greenland government’s target of opening five large-scale mines in the near term. The first of these five mines, Aappaluttoq, opened last year and is... 

Trump's trade war is derailing copper rally that he kickstarted

By: Bloomberg     27th March 2018 President Donald Trump’s pro-business agenda helped start the copper rally, and now he is upending it with protectionist trade policies that threaten to derail a boom in the world’s economies. Copper prices are poised for their first quarterly drop since before Trump’s shock election victory... 

New mine to help K+S post significant earnings gain in 2018

By: Reuters     15th March 2018 German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune mine in Canada and after overcoming temporary restrictions on waste water at its main domestic mine. Revenues would be tangibly higher and earnings before interest, taxes,... 

German car makers warned of possible battery materials shortage-Welt am Sonntag 

By: Reuters     26th November 2017 The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles (EVs), Germany's largest industry association BDI warned. "The risk of running into bottlenecks in raw material supply is increasing because... 

Goldcorp acquires all outstanding Exeter shares

By: Anine Kilian     3rd August 2017 After securing an 80.5% interest in TSX-listed Exeter Mining in June, Canadian gold mining major has acquired the remaining issued and outstanding Exeter shares for 0.12 of a common share of Goldcorp for each outstanding Exeter share. Dual-listed Goldcorp will issue an aggregate of up to... 

Vault building booms as gold lures investors in turbulent world

By: Bloomberg     7th June 2017 From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist... 

Australian gold explorer lists in Frankfurt

By: Creamer Media Reporter      2nd June 2017 Australian gold and manganese explorer Spitfire Minerals has confirmed the listing of its shares on the Frankfurt Stock Exchange. The listing is expected to help increase trading liquidity and to open up potential investment in Spitfire by institutional and retail investors in Germany and... 

Gold less prone to turmoil as ETF cash eases price swings

By: Bloomberg     9th May 2017 In times of trouble, gold has long been a popular haven for investors expecting that more volatility will increase the value of the commodity. But lately, it’s taking more than threats of war or terrorist attacks to get much of a reaction from the bullion market. Price swings for the precious... 

Surging copper stockpiles point to concerns over global demand

By: Bloomberg     5th May 2017 Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes... 

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

ETF buyers return to precious metals as Trump turmoil sows angst

By: Bloomberg     31st January 2017 Add the flap over US immigration policy to investor concerns that are reigniting demand for precious metals as havens. Long-only exchange-traded funds backed by precious metals have attracted about $200-million this month, on course for the first monthly inflow since October, data compiled by... 

LSE says Brexit may erode trading volume

By: Bloomberg     4th August 2016 LSE Group said the UK’s decision to leave the European Union may eventually damage investor confidence and weigh on trading. “There is a broad range of possible outcomes resulting from this vote which has created uncertainty in the markets,” LSE said Thursday in a statement while reporting a gain... 

Wallbridge reports 26% resource increase at Fenelon acquisition

By: Henry Lazenby     15th July 2016 Explorer Wallbridge Mining has received an updated mineral resource estimate outlining a 26% increase in the contained ounces in the Discovery Zone on the Fenelon property, in Quebec, which Wallbridge is in the process of acquiring from Balmoral Resources for C$3.6-million. TSX- and... 

Coal woes don’t deter German bet on first Polish mine since ’70s

By: Bloomberg     5th July 2016 A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis... 

Gold rises most since 2008 crisis as investors seek Brexit haven

By: Bloomberg     25th June 2016 Gold surged the most since the height of the 2008 global financial crisis after the UK voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1% and futures trading volume was double the average for this time of day. As the pound... 

Gold sees biggest gain since 2008 in rush for havens from Brexit

By: Bloomberg     24th June 2016 Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets. Bullion for immediate delivery jumped as much as 8.1%, the most since 2008, and traded at $1 322.88 an ounce as... 

Gold pinned to Brexit angst as traders see $1 350 if leave wins

By: Bloomberg     16th June 2016 Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote –... 

Fission closes strategic C$82m investment by China’s CGN Mining

By: Henry Lazenby     26th January 2016 Canadian explorer Fission Uranium has closed a strategic C$82.22-million financing with Chinese investor CGN Mining, marking the first time a Chinese company has invested directly in a Canadian uranium company. TSX- and Frankfurt-listed Fission had issued 96.7-million shares to CGN at C$0.85 apiece. 

Hydra-Arc

27th October 2015 Hydra-Arc, initially established in 1987 to source and supply welding and maintenance skills for Sasol shutdowns, has now established Sky-Hill Heavy Engineering, a facility for the fabrication of pressure vessels, heat exchangers, piping spools, structural steel and mechanical installations. SA... 

Industrial supplier expands range of high-pressure pumps

11th September 2015 Pumps, valves, seals and components manufacturer Flowserve announced the launch of its line of Durco Mark 3 ISO chemical process pumps at the 2015 ACHEMA World Forum, in June.  Pump applications include galvanising and applying other coatings, dewatering and water supply, as well as slurry... 

Inca One sees new listings as 'logical step' to expand South American presence

By: Henry Lazenby     27th May 2015 Canadian mineral processing firm Inca One has started trading on the Santiago Stock Exchange, Venture (SSEV) market, giving it access to the Latin American Integrated Market (MILA), Latin America’s largest stock-trading platform. “Listing on the SSEV and giving Inca One access to the MILA is a... 

Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics

By: Henry Lazenby     25th May 2015 A feasibility study on Australian explorer Greenland Minerals & Energy’s (GMEL’s) Kvanefjeld multi-element project has revealed compelling metrics, delivering a similar net present value (NPV) to a previous study despite increased capital costs. The ASX- and Frankfurt-listed explorer on Monday... 

Renewed uranium market interest piques curiosity in Norasa

By: Henry Lazenby     12th May 2015 The relatively positive trend in uranium spot prices since the start of the year has resulted in somewhat renewed interest in the sector’s undeveloped projects. Following a week of intensive meetings with institutional investors in Toronto, the mining finance capital of the world, director and... 

Aquila Resources closes $20.75m financing

By: Henry Lazenby     1st April 2015 TSX- and Frankfurt-listed Aquila Resources has closed a private placement and a silver purchase agreement for total funding of $20.75-million with Orion Mine Finance. The development-stage company, which was focused on developing the 100%-owned Back Forty gold/zinc project, in Michigan's Upper... 

Forsys stock rallies on ‘robust’ feasibility study for ‘construction ready’ Namibia project

By: Henry Lazenby     18th March 2015 Namibia-focused uranium project developer Forsys Metals has reported a 14.8% rise in reserves, higher yearly and life-of-mine output and lower operating costs for its Norasa uranium project, in the Erongo region, following the completion of a feasibility study (FS). Norasa comprises the Valencia... 

Arianne Phosphate exceeds previous product grade, purity during customer trials

By: Henry Lazenby     17th March 2015 Project developer Arianne Phosphate has completed a successful series of customer trials that have produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. Arianne, which is focused on advancing the Lac à Paul project, in Quebec's... 

Cardero announces reverse takeover, might not see year-end as going concern

By: Henry Lazenby     16th March 2015 TSX- and Frankfurt-listed Cardero Resource Corp on Monday announced that it would sell its Argentine subsidiary to explorer Artha Resources, in a proposed all-scrip deal. The proposed reverse-takeover transaction was pending Artha shareholder approval, expected by April. 

Aquila Resources to enter proposed ‘transformational’ financing with Orion Mine Finance

By: Henry Lazenby     28th January 2015 Project developer Aquila Resources has entered into an exclusivity agreement with Orion Mine Finance on a multilevel financing transaction that includes a private placement and a silver stream in exchange for funding $20.75-million. TSX- and Frankfurt-listed Aquila said on Tuesday that it would... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter      26th November 2014 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)... 

Mindoro Resources ships first iron-ore from Philippines

By: Henry Lazenby     24th October 2014 TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, in the Philippines. The shipment of 54 181 wet metric tonnes (wmt) of limonite ore,... 

Gold-bearing boulders bode well for Quebec explorer Visible Gold

By: Henry Lazenby     24th September 2014 Four rusty and angular gold-bearing boulders found along a new all-weather road being built to Stornoway Diamond Corp’s Renard project, in north-western Quebec, boded well for gold explorer Visible Gold Mines, which is on a mission to find the region’s next major gold mine. The Quebec government... 

Prophecy hopes to ship first coal through reopened border post by year-end

By: Henry Lazenby     23rd September 2014 Mongolia-focused thermal coal producer and power plant project developer Prophecy Coal on Tuesday reported that authorities had approved the company’s ‘general development plan’ (GDP) for the Zeltura border crossing to Russia. Mongolian authorities approved a plan that would allow Prophecy to... 

Universal Coal to raise A$24.5m from IchorCoal

By: Esmarie Swanepoel     2nd September 2014 South Africa-focused coal miner Universal Coal on Tuesday announced a A$24.5-million investment from Frankfurt-listed IchorCoal. Under the terms of the proposed transaction, IchorCoal - headed by former ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita - would invest the capital in two... 

Besra agrees to sell majority stake to Swiss consortium for $14.25m

By: Henry Lazenby     21st June 2014 Embattled Vietnam-focused gold miner Besra has sold a majority stake to a Swiss investor for $14.25-million. Besra has faced significant challenges in Vietnam, including a disputed export tax assessment at its Phuoc Son plant, and suspended operations at its Bong Mieu mine owing to severe weather... 

Besra reopens typhoon-hit Vietnam mine

By: Esmarie Swanepoel     10th June 2014 Gold miner Besra has reopened its Bong Mieu mine, in Vietnam, marking the return of operations. “We are very pleased to announce that Bong Mieu will now restart operations after what has been a particularly difficult period in our company’s history,” said Besra CEO Jon Seton. 

Besra slashes Vietnam production guidance

By: Esmarie Swanepoel     16th May 2014 Gold miner Besra on Friday downwardly revised its full-year production expectations at its Vietnam operations. The ASX-, TSX- and Frankfurt-listed company now expected to produce between 31 000 oz and 34 000 oz of gold during the full year, instead of the previous estimate of between 40 000 oz... 

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